9 months ago

US border officials announced plans to test blockchain to verify NAFTA and CAFTA certificates, according to CoinDesk.

The new system, which will reportedly start working in September, is going to help CBP verify data about significant products and check how international providers act toward American importers. The system also allows to authenticate trademarks.

According to the representatives of the agency, the blockchain system could be used in a mobile app, which would make the whole process much faster comparing to a paper-based manual process for verifying such data.

This week, it has been confirmed that the committee was working on development of a proof-of-concept blockchain platform to verify intellectual property by confirming the relationship between licensees and licensors. The technology could finally replace paper processes, manuals and databases.