Saudi Customs has aligned with Tabadul, a Riyadh-based firm, to track shipments on the blockchain. The new project is aimed at integrating Fasah, Saudi customs officials’ existing shipment tracking platform, with TradeLens, a blockchain-based shipment tracker solution developed by Maersk and IBM.

The blockchain-based TradeLens platform is expected to improve efficiency and reduce overall costs. The Customs Department also believes that the integration of the platform with Fasah will incorporate greater traceability and reduced auditability.

According to RTT News, the initiative will help in reducing shipping time by 40%. It has also reported that Saudi Arabia is looking forward to becoming a logistics hub by implementing blockchain in supply chain tracking.