- Maqta Gateway expands Silsal remit, becoming first Abu Dhabi entity to implement a blockchain pilot project internationally
- Partnership with Port of Antwerp help test Proof of Concept to scale up blockchain technology in Trade systems, helping secure transactions and reducing system integration costs
- Maqta Gateway was the first Abu Dhabi entity to develop and launch its own blockchain technology project, in June 2018
Maqta Gateway LLC, an Abu Dhabi Ports subsidiary, unveiled at GITEX Technology Week that it began implementing the first international blockchain pilot testing project in partnership with the Port of Antwerp, Belgium.
Today’s announcement marks the latest milestone for “Silsal” project, which is considered to be the first Blockchain-based solution to be developed locally by an Abu Dhabi local entity. The innovative solution provides a seamless and secure link between stakeholders across the trade community using the electronic ledger system.
As part of a Memorandum of Understanding signed between Maqta Gateway and the Port of Antwerp to exchange experiences and promote collaborative innovation, the two parties will test this advanced project. The latest test of the Silsal project will play a vital role in supporting companies conducting trade transactions between the UAE and Belgium, providing full cargo visibility and streamlining trade flows and supply chains. The pilot project will test the capabilities of the technology to exchange, identify and acknowledge cargo documents and certificates between Abu Dhabi Ports and the Port of Antwerp. Read More >