Maqta Gateway, a subsidiary of Abu Dhabi Ports (ADP) is to carry out its first testing of blockchain solution Silsal with a maritime operator in partnership with MSC.
The solution aims to provide a seamless and secure link between stakeholders across the trade community using the electronic ledger system.
MSC will provide information and feedback on the pilot project, which will test the capabilities of the technology to exchange, identify, and acknowledge cargo documents and certificates between ADP and other ports.
Andre Simha, chief information officer at MSC, said: “This innovative pilot project should help pave the way for improved documentation flows and streamline supply chains for companies.
“We welcome new partnerships which reduce delays, improve inventory management, and identify issues faster, resulting in significant cost savings for all parties involved.”
As part of the pilot project, Maqta Gateway will use Silsal to run a Proof of Concept test for the handling of international trade documentation using blockchain technology.
First unveiled in June 2018, Silsal has been rolled out in phases and will be offered first to freight forwarders and their customers, and subsequently extended to the rest of the trade community as a complementary tool to Maqta Port Community System.
Captain Mohamed Juma Al Shamisi, CEO of ADP said: “The vision of the UAE Leadership is for our nation to become a world leader in adopting blockchain, as per UAE Blockchain Strategy 2021, transforming digital transactions and saving time, effort and resources on a huge scale.”
Dr Noura Al Dhaheri, CEO of Maqta Gateway, noted that Silsal is “the first unveiled blockchain solution of its kind between our Emirate and the world”.
Silsal was developed internally in the Digital Innovation Lab at ADP.