Blockchain for Imports and Exports ran by Abu Dhabi Ports

A subsidiary of maritime industry developer Abu Dhabi Ports - Maqta Gateway, has developed its own blockchain solution for international trade and logistics
04 June 2018   567

According to the Emirates News Agency report, this blockchain solution, dubbed ‘Silsal’, is now the first of its kind platform in Abu Dhabi and will allow the real-time tracking of cargo and paperless documents when  saving time and rising overall efficiency of international trade on a decentralized ledger. It was developed to overcome the gap between exporters and importers in an industry that is as known averse to digitization and change by decreasing the need for manual paperwork, communication and physical visits with faster, real-time information exchanges over a decentralized ledger.

The international shipping industry is ready for disruption with the World Economic Forum (WEF) admitting that blockchain technology could potentially save 20 percent of the total physical transportation expenses, cutting costs by up to $1 trillion in global trade.

Blockchain is a key step in the digitalization of trade. Through Silsal, we will be offering the trade community secure and integrated access to blockchain technology, with the added value of cost and time savings through real-time track and trace, reduction in paperwork and ease in extracting vital information to receive live updates.
Dr. Noura Al Dhaheri
CEO, Maqta Gateway

The platform will also allow to encrypt and secure all essential transport documentation such as the bill of lading, booking, delivery and transport orders. The blockchain deployed by the Digital Innovation Lab of Maqta Gateway, was tested with strategic clients of Abu Dhabi Ports prior to run and will see a commercial rollout to freight forwarders and their customers initially. Later, the technology will be suggested to the rest of the trade community as a ‘complementary tool’ alongside the present  Maqta’s Port Community System, a move that will fast-track acception.

Ledger Team to Find Issue in New Nano S Software

Last update's security improvements have affected the amount of device memory
15 February 2019   114

Ledger hardware wallet developers stated that an unforeseen problem was found in software version 1.5.5 for the Nano S model. Improvements in the security context have affected the amount of device memory.

When planning for this update we didn’t anticipate the impact it would have on Ledger Nano S capacity. This was not planned obsolescence, simply put, we messed up. We apologize and we’re committed to making it right.
 

Ledger Team

The project team apologized for the incident and promised to fix the problem during the second quarter of 2019.

The project also announced the addition of Nano S support in the Ledger Live mobile app on Android.

Earlier, researchers at Wallet.fail discovered a number of vulnerabilities in the Trezor and Ledger hardware cryptocurrency wallets. As a result, they were able to conduct a series of successful attacks on wallets during the Chaos Communication Congress in Leipzig.