Indonesia’s Customs and Excise Department which is under the Ministry of Finance is now using IBM’s TradeLens blockchain platform. TradeLens blockchain is a global trade platform, completely digitalized to enable and enhance efficient and accurate container tracking and information sharing. According to reports, Indonesia’s Customs and Excise Department has made this move in order to bring improvements in the speed, accuracy, and security of local and international shipping.
TradeLens will aid the replacement of paper-based processes with automatic and highly mechanized tracking tools. The records and databases will not be subjected to any kind of jeopardy. Information recording and sharing will now be more efficient than it used to be during paper-based processes.
In Pursuit of Unhindered Trade
Indonesian Customs and Excise is also working on the expansion of the National Logistic Ecosystem (NLE) by using the Custom Excise Information System and automation with an objective to not only improve their operations of international trade but also to keep a strict vigil on the frauds and forgeries. Simultaneously, the transparency of the entire system will make work easier for officials enabling them to keep track of progress.
The Indonesian Customs and Excise Department aim to make the best use of this joint venture and simplify trade. To quote Mr. Agus Subarmadi, the Custom and Excise director, “The customs and excise department aims to leverage the blockchain solution to simplify the exchange of goods, automate documentation and increase co-operation and communication between counterparties.”
Moreover, the platform’s concept of the Collaboration Application Programing Interface [API], has the ability to bring the various phases of the supply chain including international as well as domestic trucking, storage, and shipping to name a few on a single platform. Tan Wijaya, President Director of IBM Indonesia has also expressed his high expectation and belief that this collaboration with blockchain will benefit all stakeholders thereby improving the scenario of the business. It will also inspire all other sectors to employ blockchain as a measure to revolutionize and modernize business.