The Blockchain in Transport Alliance (BiTA) is pleased to announce that Sharelogis Trade Services China Ltd., the leading China-based provider of logistics services and supply chain solutions, has joined the Alliance. Joining BiTA expands Sharelogis’ opportunities to be at the forefront of blockchain technology standards.
New and improved technology continues to rapidly bring changes to the transportation and logistics marketplaces. In May 2017, Deloitte predicted that 10 percent of global GDP would be built on top of blockchain applications. For logistics and transportation, the technology may have an even bigger impact, promising to revolutionize this critically important $8 trillion global industry.
Blockchain is a distributed ledger technology that provides consensus, provenance, finality and immutability of business transactions and digital assets. These characteristics enable participants in a blockchain ecosystem to benefit from increased trust, greater transparency and reduced friction.
“Working within the Alliance will give Sharelogis opportunities to partner with other BiTA members in Asia and across the world to co-create value that will directly enhance opportunities for our customers through continued technological innovation,” said Steven Du, President and CEO of Sharelogis. “Over the next decade, blockchain will change the way many of our customers and their industries perform. Sharelogis looks forward to being involved in BiTA.”
Soeren Duvier, Managing Director in Asia for BiTA, said, “China, is, of course a huge market. Blockchain has the potential to be as important to the Chinese economy as it can be to the rest of the world. We welcome Sharelogis as a BiTA member and look forward to its contributions to the BiTA Community.”
Sharelogis Trade Services was founded in China earlier this year as a Class A freight forwarding company, and currently has 30 offices in China and 200 agents worldwide. The company offers freight management (air, ocean, road, rail and breakbulk), customs management, insurance, trade services (import/export), fairs/events logistics (exhibition forwarding) and courier express.
BiTA provides a platform for the development of blockchain standards, its commercialization and education for those in the freight, transportation and logistics industries, as well as those impacted by those industries. Founded in August 2017 by experienced technology and transportation executives, BiTA has grown into the largest commercial blockchain alliance in the world, with 450 members that collectively generate over $1 trillion in revenue annually.
With interest in blockchain technology growing rapidly, there are an increasing number of blockchain-related pilot projects developing worldwide. The Alliance has offices in Chattanooga, Tennessee and Singapore. For more information, please visit BiTA at www:bita.studio/.