Transmute to Launch Second Tech Demo with US CBP in November 2024
September 10 2024 - 10:00AM
Business Wire
Leading Brands Join to Showcase Advanced E-Commerce Data
Exchange
Transmute, a leader in supply chain data management and
visibility solutions, is proud to announce the upcoming launch of
their E-Commerce Technology Demonstration with United States
Customs and Border Protection Agency (CBP). Building on last fall’s
successful Steel Tech Demo, this event features participation from
major government agencies and top commercial partners, including
A.N. Deringer, Inc., BASF, Global Legal Entity Identifier
Foundation (GLEIF), and GS1 US.
The test heralds a new era of efficiency and optimization for
global E-commerce transactions, particularly de minimis shipments.
A ballooning number of de minimis shipments entering the US
provides the potential for bad actors to smuggle illicit and
counterfeit goods across the border. Contracted via US Department
of Homeland Security’s (DHS) Silicon Valley Innovation Program (DHS
SVIP), Transmute has spent five years building open, interoperable
data standards to equip CBP with near real-time access to digitally
signed and structured trade data.
“Supply chains remain plagued by over-reliance on paper and PDF
documents. The result has been fragmented data silos that don’t
speak the same language, and opacity that threatens security and
precludes resilience,” says Karyl Fowler, CEO of Transmute.
“Transmute’s approach to digitizing cross-border data flows
empowers organizations to take control of their supply chains. And
we’re proud to showcase our capabilities in the upcoming E-Commerce
Tech Demo with our partners at US CBP.”
In conformance with the US CBP’s commitment to interoperability
standards under their ACE 2.0 initiative, Transmute’s Platform
automatically transmutes existing data formats into interoperable
verifiable credentials. The platform then seamlessly connects data,
providing users with cohesive, actionable insights that enable
organizations to proactively identify new revenue opportunities and
minimize risks.
Transmute’s Platform has undergone rigorous testing to ensure
readiness for operational rollout, the E-Commerce Tech Demo being
one of the final synthetic data tests with US CBP. Participation
from commercial actors and government agencies signals a widespread
commitment to safeguarding de minimis shipments and demonstrating
cooperation with the US government in pursuit of safer, more
efficient trade.
“Modernizing our trade processes and authorities is essential if
we are going to keep pace with the volume and speed of today’s
trading environment,” said AnnMarie R. Highsmith, Executive
Assistant Commissioner of CBP’s Office of Trade. “Global
interoperability standards established by CBP and its partners
through the W3C will usher in a new era of supply chain
transparency and data system flexibility.”
The E-Commerce Tech Demo is scheduled for November 2024 and will
offer commercial partners the ability to test Transmute’s Platform
capabilities for sending digitally verifiable pre arrival shipment
information to CBP, using synthetic data. Transmute remains
dedicated to advancing the integration of verifiable data solutions
in various sectors, driving innovation and creating a more secure,
connected world.
About Transmute
Transmute Platform transforms data from every stage of
digitization and paper into secure, interoperable, machine
readable, and context rich data. Leveraging
cryptographically-secure verifiable credential and decentralized
identifier technology, Transmute empowers users to ensure data
integrity, authenticity, and privacy throughout its lifecycle. With
a commitment to innovation and security, Transmute is
revolutionizing the way data is managed and shared within the
manufacturing and e-commerce industries.
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