ITS Logistics announces they have joined the Blockchain in Trucking Alliance. This will allow ITS Logistics to play a role in creating a common framework and standard for blockchain technology as it proliferates into the freight and logistics industry.
“Together with our industry and technology partners in BiTA, ITS Logistics looks forward to unlocking the potential of this technology platform and its application within the logistics industry,” said David Espinosa, Director of IT.
By providing more clarity and standards around blockchain through education and promotion of the technology, BiTA intends to be the leading blockchain voice for the industry.
Through engagement of the brightest minds from the most influential leaders in transportation, finance and technology, BiTA will build the first set of transportation industry-specific blockchain standards. BiTA is focused on providing educational resources and open forums to those in the industry interested in leading the evolution of the trucking industry through the efficiencies offered in blockchain technology.
Technologies which proliferate in the logistics industry are grounded in commonly accepted standards—including BOLs, EDI, ISO, and Ascii. Like these standards, BiTA believes blockchain will benefit from having the same set of market standards.
“Blockchain has the potential to revolutionize our delivery platform by improving accuracy and efficiency, and lowering costs to businesses and consumers. As we drive forward toward this exciting frontier, coordination and collaboration will be the key. ITS Logistics feels that the BiTA is the best vehicle to provide the requisite collaboration of efforts for our long-term success,” said Espinosa.
ITS Logistics is a third-party logistics company (3PL) that provides personalized supply chain solutions with an asset-based dedicated fleet, warehousing and distribution services, and nationwide multi-modal freight brokerage. Founded in 1999, ITS Logistics operates daily throughout the U.S. and proudly offers unparalleled service backed by strong family values and work ethic.
Founded in August 2017, the Blockchain in Trucking Alliance (BiTA) is a forum for promotion, education, and encouragement to develop and adopt blockchain applications in the trucking, transportation, and logistics industry. BiTA’s goal is for members to participate, discuss, create, and adopt industry standard uses of blockchain applications and to provide clarity and direction for the development of blockchain technology in the trucking industry in a manner that will create efficiency, transparency, and foster trust. BiTA standards are intended to create a common framework to help organizations develop and adopt blockchain technology. For more information, visit www.bita.studio.
Stay up-to-date with the latest commentary and insights on FreightTech and the impact to the markets by subscribing.