A subsidiary of Abu Dhabi Ports has partnered with Belgium's Port of Antwerp for a blockchain pilot aimed to facilitate international trade.
The proof-of-concept (PoC) trial will be conducted by Maqta Gateway using its own blockchain platform, Silsal, which was launched in June to address inefficiencies in the shipping industry and better connect importers and exporters.
According to a press release, the trial is expected to help the companies handle trade documentation between the United Arab Emirates and Belgium, "providing full cargo visibility and streamlining trade flows and supply chains."