Alliances plan joint efforts to advance blockchain technology for the global transport markets
The Wall Street Blockchain Alliance (WSBA), the nonprofit trade association promoting the comprehensive adoption of blockchain technology across global markets, and the Blockchain in Transport Alliance (BiTA), the principal trade association focused on the development of blockchain standards and education for the freight and transport industries, today announced a partnership to define the impact of blockchain technology for the global transport markets.
WSBA and BiTA will co-develop materials related to the financing of the global physical supply-chain, and will leverage the industry knowledge and resources from member participants to develop risk-management and supply-chain finance conferences, certifications and educational initiatives.
As part of this collaboration, the organizations are planning an industry conference in June 2018 that will cover topics such as blockchain technology use cases, smart contracts, and the benefits and challenges of blockchain technology in the financial and transport industries.
“In the freight and transport space, blockchain technology offers the ability to create extraordinary efficiencies and help to foster mutually rewarding relationships for all industry participants,” said Craig Fuller, Managing Director, BiTA, and CEO, FreightWaves. “Partnering with WSBA affords us the opportunity to bring together our combined, highly influential and forward-thinking memberships to impact widespread adoption across both industries, in the United States and globally. The potential for this conference to affect change is truly unprecedented.”
“The WSBA is very pleased to be collaborating with the BITA to guide the evolution of the global transport markets in a future with blockchain technology,” said Ron Quaranta, chairman of the WSBA. “Each organization shares a vision of educating our relative marketplaces on blockchain technology, as well as guiding and promoting its forthcoming adoption. We are very excited about the possibilities our joint efforts will yield.”
A members-only event, the conference is slated for June 2018 in New York City. Conference details will be announced in the coming weeks.
About the Wall Street Blockchain Alliance
The Wall Street Blockchain Alliance (WSBA) is an industry leading 501(c)(6) non-profit trade association created for financial market professionals, by financial market professionals. Its mission is to guide and promote comprehensive adoption of blockchain and distributed ledger technology across global markets.
About the Blockchain in Transport Alliance
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 transportation industry in a manner that will create efficiency, transparency, and foster trust. BiTA standards are intended to create a common framework to help organizations develop and adopt blockchain technology.