The Korea Customs Service will start the first phase of its pilot service of a blockchain-based exports customs clearance and logistics platform effective from May 20, allowing 48 domestic participants to share and monitor real-time data on customs clearances procedures of merchandise goods and related logistics.
The 2nd phase of the pilot service will start from July after the extension of the platform to foreign networks will have been completed.
Built around Samsung SDS’s blockchain platform ‘Nexledger’, the blockchain network was constructed to enhance transparency and efficiency in customs clearances and exports & imports logistics. The 48 members include banks, shipping lines, warehouse operators, cargo transportation companies, insurance companies, trading companies, and customs clearance houses.
Those parties can track data from customs clearance all the way through logistics in real time. For example, exporters, customs clearance houses, warehouse operators, banks, and insurance companies can keep track of data on cargo loading and departure date and status in real time.
The Customs Service also has been operating the test-run service of its blockchain-based e-commerce items customs clearance platform since April, through which the Service, e-commerce sites, and logistics companies share customs clearance and logistics data with each other