VOLT Technology, a post-ICO startup using the power of blockchain to provide companies, individuals and couriers a decentralized platform that manages point-to-point (P2P) deliveries, announced this week its request to join the Blockchain in Transport Alliance (BiTA) has been accepted.
“We are very pleased to have joined BiTA and to be realizing our dream of working with like-minded companies toward ensuring the logistics industry is operated transparently and in a way that is accessible to everyone,” said Volt CEO Phillip Lee.
BiTA provides a forum for the development of blockchain standards and education within the freight industry. Volt Technology said it is proud to be accepted as one of the leading companies in freight technologies with a vested interest in blockchain and to become a member of an exclusive community that includes household names like UPS, FedEx and Uber Freight.
Deloitte tweeted back in May 2017 that in the future, 10% of global GDP would be built on top of blockchain applications. This may have seemed like an overly ambitious claim, but blockchain is still regarded as a technology that will have a huge effect on society. With more and more companies finding ways to harness its decentralized and secure capabilities, it is difficult to imagine blockchain going away any time soon. For the $8T logistics and transportation industry, its applications are huge and it will make keeping track of the nearly unimaginable amount of goods that get sent across the world each day more efficient, accurate and simple.
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, 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. Visit BiTA at https://bita.studio/.
About VOLT Technology
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