Abu Dhabi Launches Domestic Blockchain
Abu Dhabi-based Maqta Gateway LLC, a subsidiary of Abu Dhabi Ports, has made a significant stride recently when it comes to bringing the blockchain to businesses. Construction Business News reported on June 2, 2018, that the entity is deploying its own blockchain solution.
The blockchain-based technology is called Silsal and its purpose is to enhance the shipping industry’s efficiency so that the industry experiences better logistics for lower costs, more security, and the like. Furthermore, it is expected that the transition will reduce paperwork, generate real-time system updates, and accelerate the exchange of information. The Digital Innovation Lab of Maqta Gateway developed the platform and further, it has been field tested with strategic customers of Abu Dhabi ports. According to Dr. Noura Dhaheri, the CEO of Maqta Gateway, “Blockchain is a key step in the digitalization of trade.”