Syfan Logistics, a third-party logistics and transportation company, has joined the Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards for blockchain in the transportation/logistics/supply chain marketplace.
BiTA’s members include Descartes, Daimler, FedEx, SAP and Uber Freight among nearly 500 other companies/organizations. Syfan Logistics will bring its deep expertise in third-party logistics to the alliance and help develop blockchain-based solutions for the industry.
Blockchain technology enables transactions to be identified and tracked digitally and shared across a distributed network of computers. In the supply chain, blockchain enables participants to more effectively track goods and freight. Blockchain will allow transportation and logistics companies to operate in a more seamless and transparent manner. It can also help to create new revenue streams and value for customers by enabling a system of completing transactions, tracking shipments and managing fleets.
“Through our partnership with BiTA, we will be working alongside other leaders in the industry,” Syfan Logistics President Greg Syfan said. “It will allow us to help develop standards for how blockchain technology will be used.”
“Blockchain can transform the supply chain by improving transparency and innovation,” said Chris Burruss, President of BiTA. “On behalf of the members of BiTA, I welcome Syfan Logistics to the Alliance. Its expertise in third-party logistics will help BiTA develop and deploy blockchain standards.” Burruss also stated, “Blockchain technology has the potential to improve performance within the industry and improve the experience companies using blockchain provide their customers. Alliance members are working together towards this important goal.”
About Syfan Logistics
Syfan Logistics and its fleet of Syfan Transport trucks are based in Gainesville, Georgia, just north of Atlanta. Syfan serves the most demanding shipping needs for temperature-controlled, dry or ﬂatbed loads with on-time pickup and delivery throughout the continental United States, Mexico and Canada. For more information call 855-287-8485 or visit www.syfanlogistics.com.
About the Blockchain in Transport Alliance
Founded in August 2017, BiTA has quickly grown into the largest commercial blockchain alliance in the world, with more than 450 members that collectively generate over $1 trillion in revenue annually. BiTA members are primarily from the freight, transportation, logistics and affiliated industries. Alliance members share a common mission to develop a standards framework, educate the market on blockchain applications and encourage the use of those applications. BiTA has offices in: Chattanooga, Tennessee (USA); Sydney, Australia (Asia-Pacific Region) and London (European Region). For more information, please visit the BiTA website at www.bita.studio/.
Stay up-to-date with the latest commentary and insights on FreightTech and the impact to the markets by subscribing.