Use Cases

Blockchain technology in Customs, Port and Border Security.

Smart contracts are self-executing code that can offer for 'Bottom-of-the-Pyramid' economic actors (SMEs) increased speed, efficiency, and trust that the contract will be executed as agreed.

Transportation and logistics.

To trade globally, UK SMEs face many challenges, such as accessing and completing the correct regulatory forms and complying with ever demanding data standards (KYC, ALM, GDPR). Issues VAT/Taxes, unreported delays in transport and processing payments, and language barriers, can severely impact an SME’s ability to trade efficiently.

Globally there are over 400million SMEs, representing around 90% of businesses and more than 50% of employment. SMEs are the backbone of economies around the world. BEIS state that in the UK there are currently 530,000 companies exporting. According to research by Sage, another 375,000 UK SMEs have exportable goods but are not currently doing so. If the UK were to facilitate international trade with these firms, it could unlock an annual £290billion in the economy.

Blockchain is a game-changer for SMEs looking to expand in overseas markets. International trade documentation is being digitised with Blockchain providing transparency and consensus mechanisms which replaces multiple instances of verification and physical checking. The significance of DLT to SMEs, is that it enables the digital transfer of value without the need for a trusted third party. The essential capability is enabled by Zero-Knowledge Proof, in laymans terms “you do not need to be there to know it occurred”.

The major factors driving high levels of interest in Blockchain solutions include smart contracts, digital identities and increasing government initiatives. Smart contracts are self-executing code that can offer for ‘Bottom-of-the-Pyramid’ economic actors (SMEs) increased speed, efficiency, and trust that the contract will be executed as agreed.
Blockchain based Port, Customs and Border Security projects are rapidly being developed and deployed all over the world by trade and transport companies.

Blockchain based solutions are increasingly a standard part of the Customs landscape as they become more data-driven, digital and automated. By utilising the blockchain, Customs are able to collect the necessary data in a secure, scaleable and shareable way, with all data tied to the commodity such as seller, buyer, price, quantity, carrier, finance, insurance, status and location of the commodity.

In turn Customs authorities will become part of the wider blockchain and become more embedded within both domestic and international trade processes. Data conveyed by the blockchain will be integrated automatically into Customs systems and checked against the data submitted by traders and transporters.

The world is already moving towards an environment where Customs automatically clear the goods within the blockchain itself enhancing revenue compliance and cooperation between Tax and Customs. The Katlas blockchain platform represents a huge step forward for Customs as it offers several opportunities for collecting accurate data to automatically detect fraud and collecting taxes and duties.

Blockchain technology enables the sharing and updating of asset information by securely and scalably linking transactions in a decentralised, peer-to-peer, network.

Katlas Blockchain is a Tier 1, Open Source, Turing complete blockchain platform designed to ensure that data is trackable but not hackable with transactions happening with the highest velocity and maximum throughput.

Another way to imagine Katlas blockchain is as a distributed ledger that removes the requirement for a trusted third-party to audit transactions.

Blockchain technology records information on transactions in real time in blocks which are cryptographically linked to each other to produce a secure, scaleable and shareable record of activity.

Katlas blockchain has a lightweight design ideally suited to the limitations of a resource-constrained multi-vendor port, border and customs environment.

The Katlas role-to-role consensus mechanism with its lightweight data structure enhances performance in terms of latency, energy, storage, and computation volume and velocity lending itself to a wide range of blockchain-based, AI enhanced port based scenarios and applications.

Blockchain adoption is now global and its use cases are developing rapidly in many different fields. Measurement. Verification and Reporting of carbon use and other key metrics can drive the reduction in wasteful processes and incentive positive behaviour.

Joe Bloggs, Director

Organisations now have the opportunity to explore and test the technology through proof of concepts and pilots using our easy-to-learn-and-use "Blockchain in a Box".

With the fast growing global recognition of the enormous potential of blockchain, and with IoT, 5G, AI, ML and 3D print technology advancing so quickly, there has never been a better time to learn more about how this exciting technology could help you.

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