Abu Dhabi Ports Launches First Domestic Blockchain Solution for Logistics

Maqta Gateway LLC, a wholly owned subsidiary of Abu Dhabi Ports, has become the first entity in Abu Dhabi to installation its own blockchain solution, construction enterprise information reports June 2.

Maqta Gateway has advanced and launched Silsal — a blockchain-based era that goals to improve efficiency in the delivery and logistics enterprise.

In keeping with construction business information, Silsal will to begin with be to be had to freight forwarders and their clients, with the brand new gadget being rolled out to “the rest of the change community as a complementary tool to the present mPCS (Maqta’s Port community system).”

the use of an inner blockchain, Abu Dhabi Ports hopes to reduce paperwork, facilitate actual-time status updates and boost up information exchange.

Silsal was evolved internally inside the digital Innovation Lab of Maqta Gateway and has been discipline examined with strategic clients of Abu Dhabi Ports, as construction commercial enterprise news reports. CEO of Maqta Gateway Dr. Noura Al Dhaheri commented:

“Blockchain is a key step inside the digitalisation of exchange.”

similarly to the blockchain, Maqta Gateway has created their very own system for digital identity which could encrypt all types of transportation documents. “This,” Dr. Noura Al Dhaheri says “will put off the want for access via passwords which could frequently be a security hazard.”

The logistics and delivery industry remains surprisingly inquisitive about growing blockchain solutions, with the sector economic forum estimating that the era should shop 20% of the whole costs of physical transportation international and FedEx CEO calling it the “subsequent frontier” for global supply chains.