US Customs uses blockchain oil tracking

The United States Customs and Border Protection (CBP) will be employing blockchain oil tracking in order to keep tabs on shipments to and from Canada.

According to a recent announcement, the US has chosen Mavennet, a Canadian blockchain developer, for a grant worth USD 182,700.

The Canadian company will be tasked with developing a functional blockchain platform to track the movement of oil shipments through the US-Canadian border. 

Blockchain oil tracking

In an official press release issued by the US Department of Homeland Security, Mavennet was named the winner of Phase One of the Silicon Valley Innovation Program (SVIP).

This new blockchain oil tracking project will be a natural continuance of Mavennet’s blockchain expertise. To this point, Mavennet has developed a…

What do you think?

0 points
Upvote Downvote

Bitcoin has collected $500K in Transaction fees within only 24 Hours

Nintendo Switch Bundle With Mario Kart 8 Deluxe Highlights Nintendo’s Black Friday Offers