Korea’s Lotte Global Logistics joins BiTA

Lotte Global Logistics, a logistics and shipping company headquarted in Seoul, Korea, and established in 1988, has joined the Blockchain in Transport Alliance (BiTA). Lotte is a full-service logistics provider, offering warehouse management, operating intermodal import/export terminals, performing parcel delivery, and moving freight by air, rail, and truckload. 

Lotte Global Logistics also offers a smart phone application to provide better, more satisfying services to its customers, carries out research and development of advanced delivery systems such as drone services, and works to provide the best delivery services through 15 mega terminals, 90 branch offices and more than a thousand local offices across the country. Over the past two decades, Lotte Global Logistics has established overseas logistics points all over the Americas, Asia and Europe.

Lotte Global Logistics is continually making adjustments to the fast changing global business environment through business diversification and innovative restructuring, and careful development of new business solutions and ideas based on a “value added approach” to trigger future growth engines.

Founded in August of 2017, BiTA promotes the development and adoption of blockchain applications in the trucking, transportation and logistics industries, including establishing industry-wide standards. Members include truckload, LTL, rail, and parcel carriers, as well as shippers, tech startups and incumbents, insurance companies, law firms, and other industry participants who have an interest in integrating blockchain technology into their organizations. About 400 companies have already joined the alliance.

“We’re very excited to welcome Lotte Global Logistics to the BiTA community,” said Craig Fuller, managing director of BiTA. “Adding a Korean logistics veteran with deep experience in many segments of the supply chain will be a boon to our membership, especially as we strive to build blockchain data standards that are truly end-to-end.”

Stay up-to-date with the latest commentary and insights on FreightTech and the impact to the markets by subscribing.

Show More

John Paul Hampstead, Associate Editor

John Paul writes about current events and economics, especially politics, finance, and commodities, and holds a Ph.D. in English literature from the University of Michigan. In previous lives John Paul studied Shakespeare in London and Buddhism in India, but now he focuses on transportation and logistics in the heart of Freight Alley--Chattanooga. He spends his free time with his wife and daughter herding cats, collecting books, and walking alongside the Tennessee River.