- Abu Dhabi Customs has launched an advanced digital platform called “Trade chain” as part of its “Invisible Customs System” vision.
- The platform integrates with global blockchain platforms specialized in trade.
- It improves customs operations performance, enhances the reliability of information sources, and processes information quickly and securely.
- The platform allows for monitoring shipments, predicting delivery times, and enhancing supply chain security.
- It reduces the time and effort required for goods clearance by up to 80%.
- Abu Dhabi Customs has signed a cooperation agreement with CargoX to enhance data transfer via the blockchain platform.
- The agreement aims to provide better services to Abu Dhabi Customs clients and facilitate the flow of maritime imports and exports.
- The global market value of blockchain technology in the customs field is expected to reach $20 billion by 2025, saving up to $200 billion annually in global customs costs.
Source: zawya.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
