According to a press release of UAE based company Maqta Gateway, A subsidiary of Abu Dhabi Ports has partnered with Belgium's Port of Antwerp for a blockchain pilot aimed to facilitate international trade.
It is expected that the Blockchain trial will help the companies to handle trade documentation between the United Arab Emirates and Belgium by providing full cargo visibility and streamlining trade flows and supply chains.
As it was also stated, the main aim of the pilot is to find the solution to scale up blockchain systems in world trade, as well as provide transaction security and lower integration costs. The effort is expected to be completed by the Q4 2018.
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