Blockchain Business

Abu Dhabi Ports and Belgium’s Port of Antwerp to test their first blockchain project

October 17, 2018


Abu Dhabi Ports and Belgium’s Port of Antwerp to test their first blockchain project

Abu Dhabi Ports subsidiary Maqta Gateway LLC made a huge announcement, during which it kicked off its first international blockchain pilot testing project in partnership with Belgium’s Port of Antwerp.

The partnership announcement was made during GITEX Technology Week, which is held in Dubai. The cooperation marks United Arab Emirates capital’s continuous implementation of its digital transformation program.

With this step, Maqta Gateway will become first entity of the United Arab Emirates that implements a blockchain pilot project internationally with its “Silsal” remit, considered as the first Blockchain-based solution developed locally by an Abu Dhabi local entity. “Silsal” provides a seamless and secure link between stakeholders across the trade community using the electronic ledger system.

As reported, the sides will start testing the project, which will play a crucial role in supporting companies that conduct trade transactions between the UAE and Belgium.

Presentation of “Silsal” during GITEX Technology Week

Chief Digitaland Information Officer (CDIO) of Port of Antwerp Erwin Verstraelen talked about his company’s ambitions of being an open innovation hub that introduces new technologies.

“With Maqta Gateway and Abu Dhabi Ports we found a strong partner in searching for global collaboration initiatives, to come up with innovative solutions that enable safer and more efficient processes in the Port.”

According to CEO of Abu Dhabi Ports Captain Mohamed Juma Al Shamisi, the program will deliver fast, reliable, and secure trade transactions through active development and testing programs.

“We will continue to work towards using blockchain and other technologies further across all trade transactions in Abu Dhabi, driven by the long-term vision and direction of the nation’s leadership to deliver constant innovation in order to help transform the Emirate’s trade and logistics sectors”, he added.

Dr Noura Al Dhaheri, CEO of Maqta Gateway, added: “Silsal’s first international step today, working with the Port of Antwerp, is a manifestation of Abu Dhabi Ports’ commitment to secure Abu Dhabi’s global standing as a premier logistics, transport and trade hub, and support the Abu Dhabi Economic Vision 2030.”

It is worth mentioning that in September Smart Dubai launched a blockchain-based payment system for UAE government. This summer Dubai, the largest and most populous city in the United Arab Emirates, launched world’s first court of blockchain. The court’s functions are streamlining the judicial processes, removing document duplications and driving improved efficiencies across the legal ecosystem.

As informed in April, Sheikh Mohammed bin Rashid, Vice President and Prime Minister of the UAE and Ruler of Dubai announced that by 2021, 50% of government transactions on the federal level will be conducted using blockchain technology.