Tadmore Transportation, a freight brokerage firm headquartered in Toledo, OH, announced today that it has joined the Blockchain in Trucking Alliance (BiTA). BiTA was established in August 2017 to bring logistics leaders together to cooperatively develop industry blockchain standards.
Blockchain is a digital, distributed ledger of economic transactions and is a technology that can be applied to virtually any industry, including freight. Transactions are stored in “blocks” of data that are completely transparent, immutable, and easily audited by all members of the blockchain. The decentralization and security of information fosters trust between members and greatly improves transactional efficiency.
BiTA believes that blockchain can be the most transformative technology since the internet. Through collaboration with leaders in transportation, finance, and tech, BiTA plans to establish the first common framework and standards for the industry.
“Tadmore Transportation was founded on the principle of serving our customers, both owner-operator and shipper, and leveraging technology to enhance their operations. We are extremely excited to be a part of the blockchain revolution as it comes to the transportation sector,” said Pete Emahiser, President and CEO of Tadmore Transportation. “The Tadmore team is dedicated to assist the BiTA and TransRisk partnership, as we feel this is a universal solution to the problems that plague transportation today.”
BiTA will be a platform for education and collaboration: providing a space to promote education of blockchain technologies and their impact on logistics, as well as dialogue and thought leadership. The inaugural kick-off meeting is November 16th in Atlanta, GA, where members will discuss formal governance, organizational structure, and launch the executive council and committees.
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