Revenue and Customs: Blockchain

Treasury written question – answered on 1st November 2018.

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Photo of Chi Onwurah Chi Onwurah Shadow Minister (Department for Business, Energy and Industrial Strategy) (Industrial Strategy)

To ask the Chancellor of the Exchequer, pursuant to the Answer of 26 October 2018 to Question 182766 on Revenue and Customs: Blockchain, what the (a) specifications, (b) length of time and (c) outcomes were of the proof of concept.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

The pilot focussed on building a single ‘permissioned’ Blockchain that would could be used to inform a trader’s ‘Authorised Economic Operator’ status. The proof of concept ran for six weeks, and established that government could use Blockchain to securely share the results of sensitive risk checks to improve the efficiencies of certain customs processes. Any significant implementation of Blockchain would require significant further work by HMRC.

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