ITL, a Chicago-based company specializing in warehousing and logistics, recently became a member of the Blockchain in Transport Alliance (BiTA).
“Producing efficiencies is important not only for ITL, but for our customers as well, which is why ITL joined BiTA,” said Craig Meyer, ITL’s Director of Information Technology. “Any opportunity that allows the company to save time and produce less back and forth in emails is a win for all involved parties. We feel that blockchain has the potential to help ITL and its customers; processes will become more streamlined with more transparency. Partnering with BiTA can help further achieve our goals to better serve our customers.”
With interest in blockchain technology growing rapidly, there are an increasing number of blockchain-related pilot projects in freight, transportation and logistics around the world. BiTA was established in August 2017 to create a platform for members to discuss and set standards across these projects and the freight marketplace.
Chris Burruss, BiTA president, said, “We are proud to have ITL as a BiTA member, and look forward to its contributions to the BiTA Community. The Alliance was established by experienced technology and transportation/logistics experts to build common standards and promote blockchain education about blockchain.”
International Transload Logistics (now branded as ITL) was founded in 1998 by John Roetter and Miles Douglass. It started with the opening of a 10,000 square foot warehouse – the company has since achieved steady growth to over 800,000 square feet with a proven 3PL track record that includes expansive facilities to accommodate its customers. The company is proactive and anticipates problems that may occur during transportation to prevent rail, per diem, storage and limiting chassis charges. ITL is continually investing in technology and systems to advance its automation and processes.
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 participate, discuss, create and adopt industry standards that will be the basis for developing blockchain applications. The Alliance also provides educational opportunities through webinars 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.
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