In this episode we have five guests, yes, five. A V-Next first. They come from 2 global German companies you may of heard of, Siemens and Henkel. We talk about their ambitious goals to create an inclusive digital ecosystem, their journey, and their lessons learned along the way.
Why taXchain?
There are many different processes in the tax, customs & trade area that require change. Through new technologies there is a lot of potential to digitalize – for example – inefficient and heavy paper-based processes, that are defined by authorities in order to provide proof of ‘original’ documents.
TaXchain will setup an industry wide standard in the area of tax & customs among companies, suppliers and authorities for data and information exchange on one platform, using Blockchain technology. Your first use case is issuing and demanding Long-Term Supplier Declarations. With your digital solution you also see the potential to digitalize trade data management in terms of efficiency, robustness, and control, which will provide information on the origin of material that is needed to decide if a product is eligible for a free trade agreement or not.