XYO Network announces BiTA membership

XYO Network, the people-powered location network that’s bringing blockchain to the real world, today announced it has joined the Blockchain in Transport Alliance (BiTA).  Founded in August 2017, BiTA has grown into the largest commercial blockchain alliance in the world, with 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. 

XYO helps add location reliability data and best practices to blockchain transportation standards. The XYO Network’s technology means Smart Contracts can access the real world by using its ecosystem to determine whether and an object is at a specific XY coordinate at a specific time.  “The advent of blockchain is rapidly bringing innovation to the commercial freight industry and XYO’s partnership with BiTA will help us identify insights, trends and real-world use cases for our location-based verification technology,” said Markus Levin, XYO’s Co-Founder.  

A consortium of companies and organizations involved in freight, transportation and logistics, BiTA is developing industry benchmarks for blockchain, educating the market about blockchain, and advancing blockchain technology and its applications within the supply chain. 

“We are delighted to welcome XYO to the BiTA community,” said Chris Burruss, president of BiTA. “Smart contracts that are executed and arbitrated using blockchain have the potential to lower risk and costs for both carriers and shippers. The XYO Network technology delivers authentic, verifiable and trusted coordinates and data needed to execute smart contracts and we look forward to engaging with them as we move forward.”

About BiTA

With interest in blockchain technology growing rapidly, there are an increasing number of transportation and logistics blockchain pilot projects worldwide. Within BiTA, members participate, discuss, create and adopt industry standards that will be the basis for developing blockchain applications. This is being accomplished through workgroups staffed by members who work in various disciplines such as smart contracts, freight payments, freight forwarding, insurance, banking, asset management, transparency and numerous other ideas continuously under development. 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

About XYO Network

XYO Network is a vast, geospatial, blockchain-powered location network that provides accurate, certainty-driven location data on everything from cars to smartphones. Using tracking devices created and sent out into the world as well as by updating existing IoT devices and mobile phones, the XYO Network ecosystem delivers the authentic, verifiable and trusted coordinates and data needed to execute smart contracts, run smart cities, foster financial transactions, and power a legion of high-stakes, location-centric applications. XYO can deliver complex, multi-layered, 3D-level location data from anywhere on the planet. For more information about XYO, please visit

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John Paul Hampstead, Associate Editor

John Paul writes about current events and economics, especially politics, finance, and commodities, and holds a Ph.D. in English literature from the University of Michigan. In previous lives John Paul studied Shakespeare in London and Buddhism in India, but now he focuses on transportation and logistics in the heart of Freight Alley--Chattanooga. He spends his free time with his wife and daughter herding cats, collecting books, and walking alongside the Tennessee River.

One Comment

  1. All you need to know about CYO is in this video.
    THIS is their head of marketing? THIS is how they approach investors with real money? Using a pathetic video like this? Well I for one am pumped full of investor and consumer confidence. They may or may not have a great concept behind their White Paper, but they have absolutely ZERO marketing or business model acumen.
    Run, don’t walk, to your nearest crypto exchange and dump this clown show operation.

  2. Sorry you feel as though this is a sham. 5 years from now you may not feel the same. Progress my friend is inevitable and Geo tec. Is the way of the future. Xyo isnt a get rich idea. Its an investment in our future.