U.K. revenue and customs watchdog postpones the trial of its blockchain solution in the wake of Brexit.
The question about the distributed ledger project for customs needs was raised in the Q&A section on the United Kingdom Parliament’s website. On Jan. 30, Member of Parliament (MP) Eddie Hughes asked whether the government plans to use blockchain for customs systems after the U.K. leaves Europe. He also requested an update on a previously announced trial of the technology.
In response, the financial secretary to the U.K. Treasury, MP Mel Stride, explained that the project involved the development of a permissioned blockchain “that could be used to inform a trader’s ‘Authorised Economic Operator’ status.” Stride also…
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