The Customs Department of Thailand has turned to blockchain platform TradeLens as part of efforts to modernize trade and to support the government’s Thailand 4.0 Policy.
Patama Chantaruck, managing director of IBM Thailand, said TradeLens will provide an automatic and immutable tracking tool, which will lead to a more secure, transparent, efficient and simpler workflow.
Jointly developed by IBM and Maersk, TradeLens is a blockchain-based container tracking and information-sharing platform that streamlines customs procedures.
“TradeLens will provide the Thai Customs Department with an automatic and immutable tracking tool, which will lead to a more secure, transparent, efficient and simpler workflow, with near real-time information sharing from a diverse network of ecosystem members,” said Patama.
Chuchai Udompote, principal adviser on the development of the Customs Incentive System for the Customs Department, said TradeLens will be implemented at Laem Chabang port in Chon Buri first and later at Bangkok port.
Chuchai said the platform will let the department and related groups access real-time information, expediting processes and cutting costs.
He said TradeLens will also create greater transparency and customer satisfaction and align with the country’s efforts to promote trading and economic stability by facilitating ease of doing business.
