Tools exist for automating regulatory compliance and financial processing, but they are incomplete, often out of date, and not tightly integrated.
Goals and Objectives
The objectives are a reduction in declaration penalties, improved time through customs, accurate/timely settlement, lower freight forwarding costs, and less dispute resolution.
Blockchain, BDA, industry cloud, mobile, and IoT
Use Case Summary
Instrumentation of physical containers is integrated with distributed ledger-based settlement for both the import and export of goods. Industry cloud capabilities evolve to enabling regulatory “communities.”