DLT Labs’ expertise in delivering blockchain enterprise solutions will provide BiTA with a valuable resource toward achieving its goal of developing blockchain standards for the freight industry
DLT Labs announced today it has joined the Blockchain in Transport Alliance (BiTA), a forum for the development of blockchain standards and education for the freight industry. As experts in transformative technologies, DLT Labs will work closely with BiTA members to set new standards for the use of blockchain technology in the transportation space.
Toronto, Canada-based DLT Labs is a global leader in the design, development and integration of enterprise solutions using distributed ledger technology. DLT Labs said it has the largest and most experienced full-spectrum blockchain team in the world and its products span a wide range of blockchain solutions for corporate and government enterprises.
“We are delighted to join BiTA,” said DLT Labs’ CEO, Loudon Owen. “Standards make the world go around. Bringing together so many key players in the transportation sector to develop BiTA’s freight industry standards is an extraordinary achievement, and we are confident the results will be excellent.”
“Our blockchain technical training program is at the forefront of industry,” added Owen, “and the production of educational programs for the BiTA membership is one important area where we intend to contribute to BiTA.”
In addition to a complete array of blockchain designers and developers, DLT Labs has developed a proprietary framework to design and deliver distributed enterprise solutions with high scalability, security and throughput. DLT has experience with multiple blockchain protocols, including Hyperledger Fabric, Ethereum, Corda and Holochain, among others.
“Blockchain fundamentally changes the way we manage data, transact and trust one another,” said Owen, “and the cost savings alone for the freight industry will be substantial.”
“We believe blockchain provides great value in solving industry pain points, but there needs to be clarity and standards around its use and BiTA intends to provide that through education and promotion of the technology,” said Chris Burruss, president of BiTA. “DLT Labs brings a great deal of talent and expertise to BiTA, and their contribution will help BiTA and its membership build the world’s first transportation industry-specific blockchain standards.”
By engaging the brightest minds from the most influential leaders in transportation, finance and technology, BiTA is focused on providing educational resources and open forums to those in the industry interested in leading the evolution of the trucking industry through the efficiencies offered in blockchain technology.
With this announcement, DLT Labs joins a consortium of 250-plus companies that have joined BiTA within the last six months and have a vested interest in the development of blockchain technology.
Founded in August 2017, the Blockchain in Transport Alliance (BiTA) is a forum for promotion, education, and encouragement to develop and adopt blockchain applications in the trucking, transportation, and logistics industry. BiTA’s goal is for members to participate, discuss, create, and adopt industry standard uses of blockchain applications and to provide clarity and direction for the development of blockchain technology in the trucking industry in a manner that will create efficiency, transparency, and foster trust.
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