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GlobalTranz joins the Blockchain in Trucking Alliance

FreightWaves Staff
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Key Takeaways:

  • GlobalTranz Enterprises joined the Blockchain in Trucking Alliance (BiTA) to develop blockchain standards for the logistics industry.
  • BiTA aims to improve supply chain efficiency through real-time information sharing using blockchain technology.
  • GlobalTranz believes blockchain can standardize transactions, similar to past advancements like EDI, leading to better partner relations.
  • GlobalTranz's CEO sees blockchain as a significant advantage for all industry stakeholders, particularly shippers.
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GlobalTranz Enterprises Inc., a leading technology-driven freight management solution provider, announced it has joined the Blockchain in Trucking Alliance (BiTA), a group of industry executives and companies dedicated to developing and promoting blockchain technology standards throughout the logistics and trucking industry.

BiTA was formed in 2017 with the goal of bringing together the brightest minds from leading companies in the transportation industry to develop and embrace the first industry-specific blockchain standards. By providing more clarity and education around blockchain, BiTA intends to be the leading blockchain voice for the transportation industry.

At a basic level, blockchain technology is an open, distributed ledger or database, that digitally records the transaction history between parties involved. In transportation, blockchain can create a more connected and efficient supply chain by enabling real-time information sharing between shippers, carriers, brokers and more.

“Developing standard transactions using blockchain technology within our industry has potentially the same positive impact as that of X-12 EDI, EDIFACT, and other standards used today. By joining BiTA, we hope to work with others in the alliance to produce blockchain applications that can become an industry-wide standard leading to improve partner relations,” said Greg Carter, GlobalTranz’ CTO.

GlobalTranz CEO Bob Farrell sees the further development of blockchain technology in trucking and logistics as a significant advantage for stakeholders throughout the industry, particularly shippers, and is eager to begin working with BiTA. “GlobalTranz is excited to join forces with blockchain thought leaders to help grow and educate the logistics industry about this promising technology.”

To learn more about BiTA and blockchain in the trucking and logistics industry, visit https://bita.studio/.

GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics and expedited shipping services and has a customer base of over 25,000 shippers.

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FreightWaves Staff