In a recent news release, Abu Dhabi Ports announced its partnership with its Belgian counterpart, to provide full cargo visibility and streamline trade flows by using an electronic Blockchain system. The pilot project has been titled as “Silsal” and will ensure better traceability of cargo goods between Abu Dhabi ports and Belgium’s Port of Antwerp.

The first phase of the pilot project will handle the transfer of International documents from Abu Dhabi Port to Belgium’s Port of Antwerp, using blockchain. As per the report, the next step will be the verification of the documents by the stakeholders. After the successful verification, the information will be uploaded to blocks for their easy retrieval at any time. Here the stakeholders will act as individual nodes of a Blockchain. They can access the entire network of the transaction – anytime, anywhere.

Through this pilot project, the degree of usability of Blockchain technology will be easy to acknowledge. The company expects to automate and bring transparency to the exchange, identification, and acknowledgment of shipped items, in case the project achieves the desired success.

The initiative taken by the Abu Dhabi Ports is for supporting Abu Dhabi Economic Vision 2030, said Dr. Noura Al Dhaheri, CEO of Maqta Gateway, a subsidiary of Abu Dhabi ports. The port intends to reduce the time taken as well as the costs involved in trading cargos between Abu Dhabi ports and Belgium’s Port of Antwerp. Furthermore, the pilot project is a demonstration to support its vision in making Abu Dhabi garner a global leader of premier logistics, transport and trading.