Abu Dhabi subsidiary, Maqta Gateway has launched its own blockchain technology called Silsal to increase operational efficiency
Maqta Gateway has been the first Abu Dhabi entity to launch a blockchain technology. Silsal will provide a seamless and secure link between all stakeholders from the trade community by combining unique digital user identities and blockchain technology, according to WAM.
In its initial launch, Silsal will be made available to freight forwarders and their customers before being rolled out to the rest of the trade community. The aim behind the technology was to bridge the gap in the market for exporters and importers.
The technology aims to simplify the operational process by reducing paperwork, calls, and physical visits, providing easier access to transaction status updates, and faster information exchanges.
Captain Mohamed Juma Al Shamsi, CEO of Abu Dhabi Ports said, “At Abu Dhabi Ports we strive to invest in cutting-edge technological innovations that bring immense benefits to the trade community.
This achievement will help to further augment Abu Dhabi’s position as a centre for innovation in logistics and trade.”
Dr. Noura Al Dhaheri, CEO of Maqta Gateway, said, "Technology is a crucial driver for the future of the shipping, logistics and trade industry and blockchain is a key step in the digitalisation of trade.
“Through Silsal, we will be offering the trade community secure and integrated access to blockchain technology. Not only have we introduced our own blockchain offering, but we have also invented our own form of digital identity.
This will eliminate the need for access through passwords, which can often be a security risk." (Source: WAM)