Blogs

We have been tracking the Blockchain movement in the Ocean Shipping Industry and we have seen an upwards trend in the development. What is the update on blockchain’s progress in the industry? Abu Dhabi and Antwerp Sign Blockchain MoU The Maqta Gateway in Abu Dhabi has signed a memorandum of understanding (MoU) with the Port of Antwerp to test blockchain technology to provide improved cargo visibility and streamline trade flows between the UAE and Belgium. The collaboration is the latest milestone in the Silsal project, an initiative launched in June 2018 which saw the Maqta Gateway become the first official Abu Dhabi entity to develop a blockchain-based solution. As part of the MoU, the parties will test the technology’s ability to exchange, identify and acknowledge cargo documents and certificates between the UAE and Belgium. Read More Rotterdam Launches Multi-Modal Blockchain Project The Port of Rotterdam, Samsung SDS, and ABN AMRO, have announced the launch of a container logistics pilot project based on blockchain technology. The ultimate goal for the three companies is to achieve the complete, paperless integration of physical, administrative and financial streams within international distribution chains. The development of the pilot, assigned to Rotterdam company BlockLab, found that there is still a lot of space in the logistics sector to implement digitization, which can be leveraged to achieve greater transparency and efficiency. The pilot, which begins in January 2019, involves the multi-modal transport of a container from a factory in Asia to a location in the Netherlands. Read More MSC and Abu Dhabi Ports Sign Blockchain Collaboration MSC and Abu Dhabi Ports have announced they will collaborate to test the international blockchain solution Silsal. This is a 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 Read last month's update on blockchain here.