ECT, leading 3PL, makes alliance with Blockchain in Transport Alliance
Both East Coast Transport (ECT) and the Blockchain in Transport Alliance (BiTA) believe blockchain is one of the most significant developments for the industry since the creation of the internet. 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.
ECT, is a full-service 3PL management company, has joined BiTA to part of that development.
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.
So many great transactional technologies that proliferate our industry are grounded in commonly accept- ed standards – including BOLs, EDI, ISO, and Ascii. Like these standards, BiTA believes blockchain will benefit from having the same set of market standards.
Founded in August 2017, 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.
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