Imaginnovate joins Blockchain in Transport Alliance

The latest company to join the Blockchain in Transport Alliance (BiTA) is Imaginnovate, which is headquartered in Visakhapatnam, India. The company has strong roots in the delivery of technology solutions to enterprises. 

“Imaginnovate believes that membership in BiTA will enable the company to collaborate with other industry leaders to create and implement effective blockchain standards for the transportation and logistics industry,” said Krishna Vattipalli, CEO of Imaginnovate.

Blockchain technology enables companies to identify and track transactions digitally and share this information across a distributed network of computers. For the transportation industry, blockchain enables participants to more effectively track goods and freight across the supply chain. Blockchain allows transportation and logistics companies to operate in an increasingly seamless and transparent manner. The technology can also help to create new revenue streams and value for customers by enabling a system of completing transactions, tracking shipments and managing fleets.

“On behalf of the members of BiTA, I welcome Imaginnovate to the Alliance,” said BiTA President Patrick Duffy. “Blockchain will transform the supply chain by introducing greater transparency, innovation and efficiency. Members like Imaginnovate are the key to BiTA’s success, because the collective knowledge, insight and experience of Alliance members will help enable the best uses of blockchain in the transportation industry.”