Team Worldwide, a diversified global logistics provider that offers “best in class” logistics, freight forwarding, customs brokerage, truck transportation and other solutions for its customers around the globe, has joined the Blockchain in Transport Alliance (BiTA). The Alliance is dedicated to determining best practices and standards for blockchain in transportation/logistics.
Team Worldwide recognizes that technology has taken its place at the forefront of industry for fulfilling customers’ transportation service needs. “Prioritization of technology is required to remain successful in today’s marketplace,” stated CEO and President of Team Worldwide, Jason Brunson. “We must always be prepared to leverage emerging technology such as blockchain to provide an ever-increasing level of service.”
Interest in blockchain technology is growing rapidly; and globally there are an increasing number of blockchain-related pilot projects in freight, transportation and logistics. The President of BiTA, Chris Burruss, stated: "On behalf of BiTA, I welcome Team Worldwide to the BiTA team, and I anticipate that the company will be an active member of the BiTA Community. This Alliance was established by experienced technology and transportation/logistics experts to build common standards and promote education about blockchain.”
“Team Worldwide’s investments in emerging technologies such as blockchain help to ensure that we can continue to meet our clients’ evolving needs, provide better service, while improving efficiency,” said Randy Loper, Vice President of Technology, Team Worldwide. “Our BiTA membership will allow us to provide input into and monitor development of the evolving blockchain standards. This will facilitate Team Worldwide’s incorporation of blockchain solutions into our advanced global logistics technology platform as the blockchain standards are set and the technology matures.”
About Team Worldwide
Team Worldwide, a global yet locally-minded freight forwarder and 3PL company, provides service to its customers via the operating divisions of Team Air Express, Team Ocean Services, Team Transportation, Team Customs Brokerage, Team Logistics and Team Worldwide, Ltd. Established in 1979, Team Worldwide meets the logistical and compliance needs of customers through its system of over 40 North American offices and 170 agent locations of Team International Global Alliance. Offerings include domestic and international air cargo service, domestic surface transportation, warehousing/distribution capabilities, and other ancillary services that provide Team’s customers a competitive advantage in the marketplace.
Team Worldwide’s unique business model of providing local solutions while realizing the global supply chain impact has differentiated the company from its competitors. The name Team has become synonymous with reliability, innovation and quality. For more information, please visit www.teamww.com.
Founded in August 2017, BiTA has 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 is developing standards and education in blockchain technologies for the freight, transportation and logistics industries.
Within BiTA, members are creating and will adopt industry standards that will be the basis for developing blockchain applications. The Alliance also provides educational opportunities through webinars, meetings and other means to keep the industry engaged and informed of blockchain use cases and technological changes. BiTA has offices in Chattanooga, Tennessee and Singapore. For more information, please visit BiTA at www.bita.studio.