Russia’s Federal Customs Service will start exchanging information through the blockchain platform of the Federal Taxation Service
The agencies will begin to make full use of the Machine-Readable Power of Attorney application in 2023
![Russia’s Federal Customs Service will start exchanging information through the blockchain platform of the Federal Taxation Service](https://storage.getblock.net/source/1/_1UJTrF6jtGYogk1yvg-kCwtp3m8p8B3.webp)
17.08.2022 - 12:50
268
1 min
0
What’s new? The Russian Federal Customs Service (FCS) and the Federal Tax Service (FTS) will begin exchanging machine-readable electronic powers of attorney through the FTS blockchain platform. According to the press release, the agencies signed a roadmap for testing a prototype of the Machine-Readable Power of Attorney (MRPA) application. The results of the experiment will be announced by the end of December 2022. In January 2023 the subsystem for MRPA management will be fully functional.
What else does the press release say? The aim of the experiment is the use by the Federal Customs Service of a unified database of machine-readable powers of attorney of interested persons. It will allow automating control over the expiration date of powers of attorney of foreign economic activity participants and will also allow checking them in electronic documents, according to the FTS website.
In the future, widespread use of electronic powers of attorney will allow the FCS to check the authority of persons acting on behalf of organizations to sign specific electronic documents. This will enable full automation and simplification of relevant customs processes.
It was previously reported that blockchain from the FTS will also allow monitoring of the effectiveness of preferential mortgage programs, as well as preferential business lending programs. The new technology will make it possible to consolidate information on state support.
Useful material?
Incidents
Scammers took advantage of the former US president’s recent announcement of a real DeFi protocol
Sep 4, 2024
Technologies
The upgrade is aimed at implementing a new decentralized project governance system
Sep 2, 2024
Incidents
The company placed $2б4 billion in bonds maturing in 2026, but their value has fallen dramatically since the entrepreneur’s arrest
Aug 30, 2024
Incidents
In both cases, depending on the outcome of the investigations, the messenger could be blocked
Aug 29, 2024
Market
The project will offer a decentralized alternative to traditional banking services
Aug 29, 2024
Trends
Within a week of its launch, the platform managed to overtake its main competitor, Pump.fun on the Solana network
Aug 28, 2024