Australia and Singapore conclude digital verification blockchain pilot
A nine-month blockchain initiative assessing the cost and time efficiency of the two countries’ digital verification systems has been deemed a success. The Australian Border Force (ABF), Infocomm Media Development Authority of Singapore (IMDA) and Singapore Customs, along with other industry representations, have concluded a blockchain trial project analyzing the status of the countries’ digital verification systems in issuing and verifying trade documents.The collaborative venture was a part of the Australia–Singapore Digital Economy Agreement — an initiative designed to increase the....
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Australia's border agency will trial blockchain solutions aimed at simplifying cross-border trade with Singapore.