Australia and Singapore will test blockchain to facilitate trade between countries
The Australian Border Guard plans to facilitate cross-border trade with Singapore using blockchain. System testing started this week. According to a statement from the Australian Border Patrol, in line with the Australia-Singapore Digital Economy Development Agreement, testing of a blockchain-based application was launched this week to facilitate the exchange of trade documents. The testing, which is being conducted in collaboration with the Singapore Customs Administration and the Information Technology Development Authority (IMDA), aims to reduce…
