Samsung (KS:005930) SDS will use its blockchain solution to establish the world’s first DLT-based export customs clearance system, the company announced on Friday. The project is led by Korea Customs Service, an organization run under South Korea’s Ministry of Strategy and Finance. Korea Customs Service reached an agreement with 48 government agencies and companies includinginsurers and shipping services to implement the project.
The organization intends to develop a cooperation system to jointly respond to industry changes. The system would redesign business procedures and enable its members to get the access to improved export customs and logistics services. In July of this year, the Korea Customs Service pi...
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