Error message

Deprecated function: The each() function is deprecated. This message will be suppressed on further calls in _menu_load_objects() (line 579 of /home/s1wiulrpidl0/public_html/includes/menu.inc).

Abu Dhabi Ports Launches First Domestic Blockchain Solution for Logistics

News ID: 

18060656
Maqta Gateway LLC, a wholly owned subsidiary of Abu Dhabi Ports, has become the first entity in Abu Dhabi to deploy its own blockchain solution, Construction Business News reports June 2.
Abu Dhabi Ports Launches First Domestic Blockchain Solution for Logistics-Forwardernews

Maqta Gateway has developed and launched Silsal — a blockchain-based technology that aims to improve efficiency in the shipping and logistics industry.
According to Construction Business News, Silsal will initially be available to freight forwarders and their customers, with the new system being rolled out to “the rest of the trade community as a complementary tool to the existing mPCS (Maqta’s Port Community System).”
Using an internal blockchain, Abu Dhabi Ports hopes to reduce paperwork, facilitate real-time status updates and accelerate information exchange.
Silsal was developed internally in the Digital Innovation Lab of Maqta Gateway and has been field tested with strategic customers of Abu Dhabi Ports, as Construction Business News reports. CEO of Maqta Gateway Dr. Noura Al Dhaheri commented:“Blockchain is a key step in the digitalization of trade.”
In addition to the blockchain, Maqta Gateway has created their own system for digital identity that can encrypt all types of transportation documents. “This,” Dr. Noura Al Dhaheri says “will eliminate the need for access to passwords which can often be a security risk.”
The logistics and shipping industry remains highly interested in developing blockchain solutions, with the World Economic Forum estimating that the technology could save 20% of the total costs of physical transportation worldwide and FedEx CEO calling it the “next frontier” for global supply chains.

Author: 

Maxwell William

Source: 

Cointelegraph

MISSION

The Forwarder News (FN) Portal has colected news, analyze and making information from all Logistics, Supply Chain, Freight forwarding, Maritime, Rail & Train, Truck, Air and Technology news agency in ...

More

VISION

To be recognized as the world's leading and most trusted Supply Chain and Logistics portal, reaching News no matter where they are.

More

Advertisment

Nam eleifend hendrerit parturient orci lorem ipsum ipsum non eros cursus. The DrupalCon London Team had the task of narrowing 341 fantastic proposals into a schedule of 60 sessions, balanced across 5 ...

More

Contact Us

info@forwardernews.com

► Contact Form