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New CBP Working Group to Focus on Blockchain

Customs and Border Protection is starting a Commercial Customs Operations Advisory Committee Emerging Technologies Working Group that will examine the technology underpinning virtual currencies, acting CBP Commissioner Kevin McAleenan said during a COAC meeting last week in San Diego. "Initially,…

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one of the things that this working group will tackle is the emerging field of blockchain and how that applies to global supply chains," he said. It's a "technology that we think could be very promising for harmonizing key aspects of the global supply chain as we move goods across multiple borders."