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Abu Dhabi Ports adds blockchain system

Abu Dhabi Ports’ subsidiary Maqta Gateway has become the first Abu Dhabi entity to develop and launch its own blockchain-based system, called Silsal. The new setup will combine blockchain and unique digital user identities to securely link stakeholders within the transport chain.

{mprestriction ids="1,2"}Silsal will provide access to transaction status updates, reducing the need for paperwork, calls and physical visits. Initially, the technology will be offered to freight forwarders and their customers, and subsequently extended to a wider range of stakeholders as a complementary tool to the existing mPCS (Maqta’s Port Community System).

This project was developed internally in the Group’s Digital Innovation Lab, and has been field tested with a selection of Abu Dhabi Ports’ customers.

“Technology is a crucial driver for the future of the shipping, logistics and trade industry and blockchain is a key step in the digitalisation of trade,” said Dr Noura Al Dhaheri, CEO of Maqta Gateway.

“Through Silsal we will be offering the trade community secure and integrated access to blockchain technology, with the added value of cost and time savings through real-time track and trace, reduction in paperwork and ease in extracting vital information to receive live updates.”

“Not only have we introduced our own blockchain offering, but we have also invented our own form of digital identity. This will eliminate the need for access through passwords which can often be a security risk.”

Maqta Gateway will also use the system to encrypt all transport documentation, including the Bill of Lading, as well as delivery, booking and transport orders, to streamline communication among relevant parties.{/mprestriction}

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