MSC and Abu Dhabi Ports Sign Blockchain Collaboration

 22 Oct 2018 10.42am

Mediterranean Shipping Company (MSC) and Abu Dhabi Ports have announced they will collaborate to test the international blockchain solution Silsal.

The announcement, Abu Dhabi Ports said, is major milestone for the solution, and it will to run a Proof of Concept test for handling international trade documents.

According to a statement from Abu Dhabi Ports, the solution will provide a seamless and secure link between stakeholders across the trade community.  

 

 

Throughout the project, MSC will provide vital information and feedback, which will test the technology’s capability to exchange, identify and acknowledge cargo documents and certificates between Abu Dhabi and other ports.

 

 

It is also a significant step forward in the Abu Dhabi Economic Vision 2030, a project that seeks to transform the emirate into a digital logistics hub.

Read more about the potential of blockchain by reading a Port Technology technical paper 

The initiative is the latest phase of Silsal’s roll-out and will be run through the Maqta Gateway, an Abu Dhabi Ports’ subsidiary.

Captain Mohammed Juma Al Shamisi, CEO of Abu Dhabi Ports, claimed the announcement signalled Abu Dhabi’s intention to become a world leader in adopting smart technology.

PTI Insight - Blockchain: The Missing Links

He said:  “The vision of the UAE Leadership is for our nation to become a world leader in adopting blockchain, as per UAE Blockchain Strategy 2021, transforming digital transactions and saving time, effort and resources on a huge scale.

“Abu Dhabi Ports is proud of the role that Maqta Gateway and initiatives such as Silsal are playing in helping to realize this vision and we will continue to harness the power of innovative solutions and emerging technologies to further facilitate trade in the future.”

Diego Aponte, President and CEO of MSC Group, also commented: “We greatly value our partnership with Abu Dhabi Ports, working together to facilitate trade and improve our customers’ experience through technology and innovation.”

Read more: 

  Automation and Optimisation , Automated Decision Making, Digitalisation, Process Automation, Robotisation, Cargo Volumes and Throughput, Carriers, MSC, Finance, Global Economy/Trade, Going Places, Port Planning, Dredging, Shipping