The Nigerian Customs authority wanted to protect revenue by identifying fraudulent & counterfeit goods, licenses and approvals, & determine duties owed. Using Blockchain technology to enable transparency & distributed single source of truth among 6 organizations
6 different groups (NCS, Banks, Food and Drug Administration and Control, Standards organization) participated in platform solution with analytics and integration to existing data sources
Aber T Benjamin, Assistant Comptroller General Modernisation, Nigeria Customs Service (NCS), said: “We used Oracle’s blockchain to build a trusted platform for the automation of Customs Excise Trade business processes and procedures.
“Using this technology, we found the entire business environment can be migrated to blockchain to automate processes and create transparency and predictability. Once the transition to blockchain is completed, NCS expects revenue growth increase of about 50%.
“This technology helps our organisation to build global trust for Nigerian businesses through irrefutable data on goods manufactured in the country.”
- Used blockchain to easily identify counterfeit goods, fraudulent licenses
- Quickly and easily process claims and determine duty owed with blockchain
- 35% reduction in processing time, and enhanced collection of duties