Customs: Distributed Ledger Technology

(asked on 19th February 2018) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the merits of using distributed ledger technology for any new customs system after the UK leaves the EU.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 27th February 2018

HMRC are actively considering the use of distributed ledger technologies alongside other technical options for both tax and the Customs and Excise systems. The department is currently running a proof of concept exercise in support of one of their Customs initiatives and will provide further updates as this work progresses.

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