The Royal Malaysian Customs Department (RMCD) has joined the blockchain-enabled TradeLens platform created by Maersk and IBM, to improve its supply chain data sharing capabilities and support Malaysian businesses trading internationally.
The blockchain system will be used to digitise shipping processes and create an automatic and immutable tracking tool for shipments through Malaysian ports, offering near real-time information via its network of ecosystem members.
With TradeLens, authorities can begin to receive shipping data as soon as containers leave the port of origin, allowing RMCD and other users more time to prepare for the arrival of shipments. Built around a Collaboration Application Programming Interface (API) concept, all logistic activities including trucking, warehousing, shipping and freight forwarding at both domestic and global levels can be integrated through this single platform.
“We are delighted to work together with IBM and Maersk to digitise our operations. By joining TradeLens, we aim to boost the efficiency, transparency and collaboration across supply chains,” said Dato’ Sri Abdul Latif bin Abdul Kadir, Director-General of the RMCD.
“TradeLens will help us bring further visibility in a highly secure environment and will be a real asset for trade and transport facilitation, making Malaysia the preferred logistics and transport gateway in the region.”
“By adopting TradeLens, we hope it will enable us to fulfil our mission to facilitate legitimate trade, help combat smuggling and modernise the national logistics systems in support of Malaysia’s digital economy aspirations.”
