Maqta Gateway, an Abu Dhabi Ports subsidiary, is to carry out initial trials of its Silsal blockchain solution with leading container line, Mediterranean Shipping Company (MSC). Silsal is designed to provide a seamless and secure link between trade community stakeholders using an electronic ledger system. MSC will provide information and feedback on the international pilot project, which will test the capabilities of the technology to exchange, identify, and acknowledge cargo documents and certificates between Abu Dhabi Ports and other ports.
Andre Simha, Chief Information Officer at MSC Mediterranean Shipping Company, 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.”
First unveiled in June this year, Silsal is being 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. 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.