Zero human intervention in cross-border trade is something the finance ministry says it is exploring, using blockchain technology and artificial intelligence (AI) for cargo movement.
Beside saving cost and time, it could help India vastly improve its ranking on the ‘trading across borders’ parameter under the ease of doing business ranking by the World Bank.
The department of customs is exploring the methods mentioned earlier, as also use of robotics and machine learning. This is in line with the government’s digitisation agenda.
“Through these, a cargo or consignment will be cleared without human interface at all,” said a senior official.