The transaction involved a shipment from Bee Dee Industries in Hong Kong to Babyshop, Landmark Group’s family retail brand in the UAE.
Tristar Group won the award for Technology Solutions Provider of the Year at the Logistics Middle East Awards 2019 in Dubai, primarily due to its industry-leading blockchain implementation that has significantly enhanced its chemical logistics operation.
Blockchain technology is being leveraged at Tristar for business relationships as a single point of access for all documents/records, and the managing of trusted data with little or no use of paper.
According to a joint statement, the new platform aims to connect various stakeholders, including carriers, terminal operators, customs agencies, shippers and logistics service providers, to enable collaborative innovation and digital transformation in the supply chain.
The workshop, attended by 68 male and female employees from different departments in Dubai Customs, is part of Dubai Customs efforts to capitalise on blockchain technology and support the Dubai Blockchain Strategy.
While Silsal has already been tested internationally, the test with MSC will be the first proof of concept of its kind involving a global marine operator.
Maqta Gateway CEO says forwarders could save AED 3.2-million on every 50,000 shipments per year with blockchain solution.
TradeLens has been joined by 94 major players like freight forwarder Agility, CEVA Logistics, ocean carrier Pacific International Lines (PIL) and a network of 20 port and terminal operators that span 234 maritime gateways.
Blockchain will be an important aspect of operations as Port Khalifa prepares to go paperless says Abu Dhabi Ports.
Global companies and SMEs will be able to establish a registered presence in Dubai without needing to be physically located within the city or UAE.
Silsal will combine blockchain technology and unique digital user identities to provide a seamless and secure link between stakeholders across the trade community.
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