The report says that the working group will study the applicability of the blockchain for the processing of trade transactions. Training, organized by the US Department of Homeland Security (DHS) on the technology of the distributed registry and its use, has already taken place. Like the training, dedicated to practical examples of the use of technology, which can be expanded. The report says:
"The group came up with 14 proposed use cases. They included ideas such as capturing and keeping track of partnering government agencies licenses, permits, certificate of origin reporting and free trade agreement product qualifications, carnets and bonded movement tracking."
It adds that the group is now looking into the cases and determining the workflow processes to see how it would be used with the blockchain.
It remains to be seen what results will be found and whether the technology will be employed within the agency. The technology has already been used within a number of U.S. departments indicating the perceived potential it has.
The United Nations is one such organisation that is turning to the blockchain. So much so, that two UN agencies have partnered with the World Identity Network (WIN) to launch a blockchain pilot to help combat child trafficking around the world. It's hoped that by securing the identification of children on the distributed ledger they will be less likely to fall into the hands of human traffickers.
In March, the UN's World Food Programme (WFP) was reported as using the Ethereum blockchain to distribute cash assistance to the world's hungriest families. The aim was to highlight that the technology can be used to send aid to people who need it the most quickly and safely.
These are just a few of the use cases that the technology is being used in. However, it shows the impact the technology can have and the improvements it can bring with its transparency and immutability.
website tech support FixJoomla.com
ICOLINK.COM 2023 © All Rights Reserved
Share this page in Social Media: