IBM Indonesia has revealed that the Indonesian Directorate General of Customs and Excise has commenced using the blockchain-based aircraft platform, TradeLens.

The news follows several months of platform implementations, with the Indonesia Community and Excise Section announcing that it would join the TradeLens consortium tardily final twelvemonth.

The proclamation has seen Indonesia's customs section become the 11th government agency to join the TradeLens consortium - of which other members include the community authorities of Thailand, Republic of azerbaijan, and Canada, among others.

Tan Wijaya, the president director of IMB Indonesia, expressed his expectation that the partnership with Indonesia'southward customs depart will "benefit all stakeholders in the entire logistics ecosystem and encourage the overall modernization of trade."

TradeLense records ten meg events weekly

The TradeLens platform provides APIs that allow supply chain data to be immutably tracked and broadcast using a permissioned blockchain. The company's stated goal is to facilitate faster trade and community verification and eliminate paper-based processes.

IBM launched TradeLens in partnership with Danish transport conglomerate Maersk during August 2022. Earlier this month, Maersk estimated that x one thousand thousand supply chain events are tracked on TradeLens each week.

At the first of Feb, US Federal Maritime Commission granted an antitrust exemption to 5 Us-based members of the TradeLense consortium to share data concerning American supply chain events, with an agreement between the five parties coming into result on February. 6.

Indonesian regulators charily warm to blockchain

The announcement comes three weeks after Indonesia's oldest cryptocurrency substitution, Indodax (formerly bitcoin.co.id), received licensing from the country's Commodity Futures Trading Regulatory Bureau (BAPPEBTI).

Operating nether the Ministry of Trade, BAPPEBTI oversees cryptocurrency trading activities in Republic of indonesia. Last yr, BAPPEBTI mandated that all Indonesian virtual currencies exchanges must register with the institution. The new regulations prompted Indodax to seek licensing, despite the platform having been operational since 2022.