Blockchain in Trucking Alliance to create blockchain standards for freight industry
While the technology started out in the finance field, it has since been adopted in the supply chain and logistics industry for its potential to improve supply chain visibility and efficiency.
The Blockchain in Trucking Alliance (BiTA) is a new industry group created to design blockchain standards and education for the freight transportation industry.
Blockchain is a digital ledger technology that provides an immutable record of transactions that can be shared and audited by buyers, sellers and related partners. While the technology started out in the finance field, it has since been adopted in the supply chain and logistics industry for its potential to improve supply chain visibility and efficiency. Members include technology vendors, original equipment manufacturers, tier 1 suppliers, consultants, banks, carriers, shippers, third-party logistics companies and freight brokers.