UK Customs Suspends Blockchain Border Project Until Brexit

UK Customs Suspends Blockchain Border Project Until Brexit

The United Kingdom’s Revenue and Customs office have decided to delay its Blockchain powered project for custom needs according to a UK parliament statement published this week.

Answering a question from Member of Parliament Eddie Hughes from Walsall North about the plans of the government about the use of blockchain for custom systems and processes following the Brexit, the parliament said that he suspended the project.

The United Kingdom Parliament said that the project focused on a blockchain platform that will track traders’ Authorised Economic Operator status found that the distributed ledger program will provide secure results of sensitive data of customs.

The office ran a proof of concept for six weeks.

According to the parliamentary answer, the implementation of blockchain will need further work by Her Majesty’s Revenue and Customs (HMRC). So, “further work on the application of Blockchain to ‘Authorised Economic Operator’ status is deferred until after the UK leaves the EU when timescales and cost will be revisited.”

Finally, the answer stated that the government is “working with the cross government Future Borders Programme to progress the pilot as part of their Trusted Trader initiative.”

The blockchain project was initially announced in September 2017 by HMRC.

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