Inside CBP’s ‘fail fast’ approach to blockchain

On August 15, news broke that Customs and Border Protection (CBP)would be one of the first public entities to test blockchain’s efficacy as a tool to streamline government work — specifically the business of international trade.

The experiment, set to begin in September, will focus on the agency’s free trade agreement certificate verification process — starting with NAFTA and CAFTA goods — said Vincent Annunziatio, CBP’s Business Transformation and Innovation Division Director on a call with reporters, a week after the initial announcement.

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