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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.”

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John Paul Hampstead

John Paul conducts research on multimodal freight markets and holds a Ph.D. in English literature from the University of Michigan. Prior to building a research team at FreightWaves, JP spent two years on the editorial side covering trucking markets, freight brokerage, and M&A.