Samsung SDS To Develop Blockchain Customs System

Announcements, Blockchain, News | September 14, 2018 By:

Samsung SDS, the Internet technology solutions unit of Samsung Group, is teaming upp with the Korea Customs Service (KCS) to build “the world’s first blockchain-based export customs clearance system.”

In July of this year, KSC selected Samsung SDS to establish the advanced export customs clearance system as part of efforts to adopt cutting-edge technologies for its customs administration in response to growing trade and e-commerce volume.

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Blockchain Tech Adopted By Korea Customs Service To Prevent Fraud And Smuggling

Announcements, Blockchain | March 8, 2018 By:

The Korea Customs Service (KCS) is planning to adopt advanced technologies in order to improve its customs administration.

During the agency’s first national customs managers’ meeting, KCS commissioner Kim Yung-moon said that adopting new technologies to respond to the ‘fourth industrial revolution’ is an overriding agenda for the agency as trade form is becoming more complicated.

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