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, 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."