MSC And Abu Dhabi Ports Explore International Blockchain Solution

MSC has undertaken a number of experimental blockchain projects to explore the potential uses of this technology across its business. The latest milestone is an initiative with Abu Dhabi Ports as announced by our partner in October 2018.

Maqta Gateway, an Abu Dhabi Ports subsidiary, is now carrying out pilot testing of the international blockchain solution Silsal in partnership with MSC. The project will test the capabilities of the technology to exchange, identify, and acknowledge cargo documents and certificates between Abu Dhabi Ports and other port operators.

“This innovative pilot project may help pave the way for improved documentation flows and streamline supply chains for companies,” said Andre Simha, Chief Information Officer of MSC. “As a major carrier, we welcome new partnerships which may reduce delays, improve inventory management, and identify issues faster, resulting in significant cost savings for all parties involved.”

While blockchain has become something of a buzzword in many industries, sending goods between continents can, of course, involve multiple organizations and many hundreds of different communications, which can result in delays, misunderstandings and other complications. These are among the types of issues that blockchain can perhaps help address.

Reference: msc.com

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Do you have info to share with us ? Suggest a correction

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.