Abu Dhabi builds blockchain bridge to Belgium

posted by Francis Churchill
16 October 2018

An Abu Dhabi Ports subsidiary has become the first in the emirate to implement an international blockchain, the firm has said.

Maqta Gateway LLC, wholly owned by Abu Dhabi Ports, has begun piloting the technology in a partnership with the Port of Antwerp in Belgium.

The system, called Silsal, will used the distributed ledger technology to support trade between companies in the UAE and Belgium.

The pilot project will be a proof of concept to show the technology’s ability to exchange, identify and acknowledge cargo documents and certificates between the two ports. It hopes this will improve cargo visibility and streamline trade flows and supply chains.

Maqta Gateway claims its blockchain solution is the first developed in Abu Dhabi to be used internationally.

Noura Al Dhaheri, CEO of Maqta Gateway, said: “We realised early on that blockchain technology can provide the very things necessary for reliability and integrity in the increasingly complex global supply chain.

“Silsal’s first international step today, working with the Port of Antwerp, is a manifestation of Abu Dhabi Ports’ commitment to secure Abu Dhabi’s global standing as a premier logistics, transport and trade hub, and supports the Abu Dhabi Economic Vision 2030.”

The Silsal blockchain system will be rolled out in several stages, first to freight forwarders and then to the wider trade community as part of the Maqta Port’s digital system.

A number of other companies are already developing blockchain for shipping, notably IBM and Maersk who recently announced the creation of a collaborative venture to commercialise the technology.

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