BiTa To Promote Blockchain Technology in Transportation Industry
A fresh Blockchain consortium BiTA has emerged with the intention to encourage and promote the development and adoption of Blockchain technology in trucking, transport and logistics industry.
BiTA or Blockchain in Trucking Alliance came into existence this month only, in August, 2017, and has various reputed participating members, namely TransRisk, Triumph Business Capital, U.S. Xpress, P&S Transportation, and Convoy as Members.
With the aid of members, BiTA’s aim is to promote industry standard adoption of Blockchain applications and provide more clarity around Blockchain and its development in the transport industry.
CEO of TransRisk and Co-Founder of BiTA, Craig Fuller, stated:
“We formed the Blockchain in Trucking Alliance to develop common standards around blockchain applications in the trucking industry. The technology holds great promise, but to encourage its proliferation, we felt that developing industry standards were paramount.”
The latest one to join the BiTA consortium is McLeod Software, a leading provider of trucking software applications
On this latest association, Craig Fuller said: “McLeod Software is a major leader and innovator in trucking software applications, and because their software is core to so many market participants, they will be key to standardizing blockchain applications and smart contracts. We are ecstatic they have elected to join us in this journey in developing the next great technology.”
Working around Blockchin technology, this consortium can be anticipated to be a major evolution in trucking, logistics and transport industry. As believed, Blockchain technology could foster trust by creating efficiency and transparency in the industry.
Ken Craig, Vice President of Special Projects for McLeod Software, said:
“McLeod is very happy for the chance to join the Blockchain In Trucking Alliance, and we look forward to working with this great group of companies to advance the goals of making blockchain both practical and efficient for transportation companies.”
“We believe that the ability to participate in Blockchains with automation and good connectivity to existing systems could become a critical element of our customers’ business.”
BiTA’s intention is to build the first set of transportation industry-specific Blockchain standards.
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