Korea Customs Service Eyes Blockchain For Fraud, Smuggling Prevention

- Advertisement -

The South Korean government agency in charge of customs has said that it will use blockchain technology, AI, and big data systems in order to better fulfill its mandate.

On March 7, the South Korean government’s Customs Service reportedly revealed that it is planning to use blockchain technology for real-time information sharing, with the goal of preventing smuggling and trade finance fraud. The emerging technology will also be used to build information networks connected to supply chains for the same purpose.

In addition, the agency intends to use other nascent technologies to improve its operations.

It will employ AI-integrated x-rays to scan for incoming contraband as well as intelligent closed-circuit television systems and drones to monitor and track ships that are suspected of transporting illegal goods.

The Korea Customs Service also plans to establish a big data analysis center to more quickly and accurately identify illegal goods being brought into the country.

Between 1990 and 2017, the total volume of the country’s imports and exports rose from about 3 million to roughly 27 million, creating a need for greater efficiency in customs operations.

- Advertisement -

In reference to the announcement, the Korea Customs Service commissioner Kim Yung-moon stated, “Adopting new technologies to respond to the ‘fourth industrial revolution’ is an overriding agenda for us as trade form is becoming more complicated.”

Adam Reese is a Los Angeles-based writer interested in technology, domestic and international politics, social issues, infrastructure and the arts. Adam is a full-time staff writer for ETHNews and holds value in Ether and BTC.

Like what you read? Follow us on X @Bitnewsbot to receive the latest South Korea, Customs Service or other Ethereum application news.

- Advertisement -



Previous Articles:

- Advertisement -

Latest News

BPX Gains FCA Nod to Trade Tokenized Securities in the UK

BPX, a startup focused on trading tokenized securities, received several authorizations from the UK’s...

Shopify, Coinbase Launch USDC Payments; Mastercard Expands Crypto Access

Shopify and Coinbase allow merchants to accept USDC stablecoin payments, making crypto transactions easier...

Coinbase Launches Wrapped ADA and LTC on Base, COIN Hits New High

Coinbase has introduced wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Ethereum...

ClickFix Attacks Surge 517% in 2025, Fake CAPTCHAs Spread Malware

ClickFix attacks using fake CAPTCHA verifications have risen by 517% in early 2025, according...

FHFA Orders Fannie, Freddie to Consider Crypto as Mortgage Collateral

The U.S. Federal Housing Finance Agency ordered Fannie Mae and Freddie Mac to consider...

Must Read

Forex Trading Vs Crypto Trading: Which One Should You Choose?

So you're trying to decide between two types of trading: Forex and cryptocurrency.Forex trading is the big player in the trading world, with lots...