The Blockchain Adventure Begins
In a world where international shipping often feels like navigating through quicksand, a beacon of hope shines from the desert. A subsidiary of Abu Dhabi Ports has teamed up with the Port of Antwerp to launch a pilot program utilizing blockchain technology. Hellenic Shipping News reported this thrilling development on October 15.
What is the Silsal Project?
The project, aptly named Silsal, aims to revolutionize trade documentation through distributed ledger technology (DLT). It’s like the digital equivalent of having a well-organized desk—everything in its rightful place and easy to find. With Silsal, both Abu Dhabi and Antwerp seek to enhance cargo visibility and streamline the trade flow and supply chains between the two regions.
Goals of the Pilot
- Achieve full cargo visibility.
- Improve efficiency in trade documentation management.
- Facilitate secure exchanges of cargo documents and certificates.
Taking a leap into the digital age, this pilot promises to eliminate the chaos often associated with international logistics.
Back to the Future: When Silsal Was Born
The Silsal project isn’t new—it first emerged on the scene back in June 2018. However, it wasn’t just aiming for the stars from day one. Initially, it targeted freight forwarders and their clients, slowly expanding its reach to embrace the vast trade community.
A Glimpse into Abu Dhabi Ports
Operating 11 ports and terminals in the U.A.E. and Guinea, Abu Dhabi Ports is no lightweight. Contributing a staggering 3.6% to Abu Dhabi’s non-oil GDP growth, this maritime powerhouse is poised to change the trade landscape. CEO Mohamed Juma Al assures that partnering with “world-class international partners” aims to establish “fast, reliable, and secure” operations.
Future-Proofing with Blockchain
Of course, Abu Dhabi isn’t the only player in the blockchain game. Spain is catching up too, with plans for a blockchain-powered
