CONFERENCE ON BLOCKCHAIN TRADE CUSTOMS USE OF BLOCKCHAIN
CONFERENCE ON BLOCKCHAIN TRADE & CUSTOMS USE OF BLOCKCHAIN 30 th UN/CEFACT FORUM 02 to 06 October 2017 - ROME
Global Trade and Customs Clients OGA’s Customs Brokers Banks Shipping Lines Transport 10/09/2020 UN/CEFACT - Trade and Customs use of blockchain Insurance s 2
Efforts to build paperless trade environment AUTOMAT ED CMS SINGLE WINDOW Single Submission Portal E-Document (ECertificates) ETransactions (EDI) E-Payment Certification Authority (PKI) 10/09/2020 UN/CEFACT - Trade and Customs use of blockchain 3
Paperless Trade Challenges ■ Many separated systems with lack of interoperability ; ■ Different layers of redundancy ; ■ Many actors in international trade that could defraud the others ; ■ These actors could make errors in their reporting to the others, causing miscounts, slipped deadlines, and impacts throughout a supply chain ; ■ Despite the efforts, there is still an absence of effective traceability, transparency, and predictability of shipments 10/09/2020 UN/CEFACT - Trade and Customs use of blockchain 4
Why blockchain for trade ? ■ Supply chains become more digitized, offering possibilities for improving the process and sharing information ; ■ Using a blockchain for transparent, end-to-end transactions could have transformative impact throughout the international supply chain ; 10/09/2020 UN/CEFACT - Trade and Customs use of blockchain 5
Main Benefits ■ Immutable transactions ■ Between the numerous forms, licenses, and certificates often required, a blockchain approach to validating transactions, can capture all the necessary information and share it to all stakeholders ; 10/09/2020 UN/CEFACT - Trade and Customs use of blockchain 6
Main Benefits ■ Facilitate trade bringing security, efficiency, and speed ; ■ Determine provenance of goods, reducing fraud, inaccuracy, and error ; – Eliminate layers of redundancy ; – Ease regulatory compliance burdens ; – Introduce recordkeeping efficiency ; – Facilitate Valuation ; – Ease targeting and Risk Management ; ■ Verify identity, and enable the automated payment of customs duties (Smart Contracts) ; 10/09/2020 UN/CEFACT - Trade and Customs use of blockchain 7
Challenges of implementing blockchain for trade & customs ■ Governance : to be efficient must cross national borders ; ■ Data standardization ; ■ Interoperability : IT systems integration ; ■ Identity management (Governance, Enrolment) ; ■ Building Trust ; 10/09/2020 UN/CEFACT - Trade and Customs use of blockchain 8
Conclusion ■ Initial stage with POC and other experimentation ; ■ Global Trade Platform : – Leadership issues in applying this new approach ; ■ Blockchain is not just a technology question : – Transform business models and processes, and reshape the set of stakeholders and their roles, including customs, OGA’s, Finance sectors… ; – Room for experts work to give guidance to governments and private sectors on the most sustainable and realistic model to implement this technology ; 10/09/2020 UN/CEFACT - Trade and Customs use of blockchain 9
Daniel SARR dsarr@gainde 2000. sn THANK YOU ! 10/09/2020 UN/CEFACT - Trade and Customs use of blockchain 10
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