Blockchain document workflows for governments
To coordinate numerous workflows and interactions with economic operators, governments establish specialized agencies, systems, registries, checkpoints and procedures. However, often tight integration between these independent bodies is lacking – resulting in loss of time, efficiency, productivity, and reliability.
Main challenges of currently established processes
Documents still provided on paper
Unsatisfactory process integration
Inefficient communication between governmental entities and economic operators
Errors during data re-entry
Hassle of gathering documentation
Fast auditing is near to impossible
High cost of operation and use
A secure trade document highway
The CargoX Platform for Blockchain Document Transfer (BDT) is an ideal tool for creating a highly secure electronic trade document delivery channel that provides transfer event transparency with immutable event records and rapid auditing capabilities. At the same time it offers the highest level of content and connection confidentiality with the strongest level of encryption.
Governmental agencies and economic operators can access the platform’s global registry of companies (verified by global banks and Dun & Bradstreet). User and document transfer authorization is facilitated by the most powerful public, neutral blockchain.
The CargoX Platform introduces frictionless interaction to economic operators and governmental entities, and provides optimized performance through single point of entry, automatisation, security and tamper-proof features. It is ideal for document and information processing in a complex workflow environment with multiple consecutive or parallel process participants.
Benefits
For governments
- Increased revenue
- Enhanced compliance
- Improved efficiency
- Better trade intelligence
For businesses
- Faster processing
- Transparent process
- Less administration
- Lower costs
For agencies
- Improved productivity
- Better structure & control of working environment
- Enhanced professionalism
National economy
- Improved governance
- Reduced corruption
- Lower fraud rate
Easy integration
All available features can be integrated with governmental information systems (ERP), or with specific registers and workflows through REST API architecture for access and data exchange among all the participating governmental entities and traders.
A verified global business directory with 103,000+ companies
With the CargoX Platform currently serving approximately 103,000 companies worldwide, governmental entities and economic operators gain access to the fastest global growing supply chain ecosystem.
Companies can register an account on the CargoX Platform and additionally verify their identity in a two-step process – through banks and then through Dun & Bradstreet. That enables them to send and receive government-related documents, such as the ACI/ACEM.
Enhancements to the local environment
Knowledge transfer
Implementing the CargoX Platform accelerates the development of local blockchain-related skills and knowledge, raises awareness, and brings rapid adoption of new global trade processes.
Reduced total cost of ownership
There are no subscription, license, or technology fees involved – this means that the total cost of ownership (TCO) for governmental entities is optimized. Governmental entities can set their own document processing fees.
Covid-resilient agility
Fully digital processing with immutable audit trail and blockchain features provides fully contactless and remote trade documentation manipulation, transfers, and verification of origin and originality. Collaboration of dispersed teams is possible on a level not seen before.
Use case: Advance Cargo Information (ACI), Advance Cargo Export Manifest (ACEM)
The ACI/ACEM functionality of the CargoX Platform for Blockchain Document Transfer (BDT) provides customs authorities and other governmental entities with information about the exporter, importer, shipper, freight forwarder, and the cargo itself, ahead of cargo’s export or import.
Governmental entities no longer have to rely on business entities’ declarations at the time of loading/unloading. Instead, each document can be received, and traced easily back to its origin, straight to the issuer of the document. All the certificates and relevant supporting documentation (bills of lading, invoices, certificates of origin, contracts, etc.) can be delivered in real time, if needed. Processing can take place in a safe digital environment, without any delays in courier document deliveries.
Main benefits
Blockchain provides immutable transparency and visibility of transactions to the authorities through audit logs
Reduces and prevents fraudulent activities
Proof of document and sender/recipient authenticity is provided at all times
Security and business confidentiality for governmental entities and economic operators are ensured by blockchain
Streamlined and optimized process & communication
Fully paperless process environment
Example: Egypt using CargoX Platform for providing ACI filing
The Government of Egypt has made Advance Cargo Information (ACI) declarations mandatory and authorized CargoX as the blockchain document transfer gateway service provider in its national single window for trade facilitation NAFEZA.
The integrated solutions provide numerous benefits:
Adopted by more than
importers
exporters
brokers
shipping agencies & freight forwarders
foreign exporters
Shorter average cargo release time
Implementation of a national platform that covers
Egyptian airports, seaports, land ports, dry ports, and free zones in compliance with international standards and best practices
Integrating
government bodies, associated with cargo clearance
Compliance costs for shippers
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