Bita blockchain in trucking
Cryptocurrencies have taken the market by storm over the past year and change. This gain may very well be the greatest single-year return we'll ever see in an asset class. Though numerous catalysts played a critical role in pushing digital currency prices higher, much of the credit rightly belongs to blockchain technology , which was introduced to the world in mainstream fashion when bitcoin debuted in For those of you unfamiliar with blockchain, we're talking about the digital, distributed, and decentralized ledger that underpins most cryptocurrencies and is responsible for transparently recording all transactions without the need for a financial intermediary, such as a bank. The existence and evolution of blockchain is a result of perceived inefficiencies with the current financial system.
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Bita blockchain in trucking
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- Supply Chain and Logistics Blog
- Tachyon joins Blockchain in Transport Alliance
- Blockchain will work in trucking — but only if these three things happen
- CargoX, the producer of Smart B/L, joins BiTA
- TRAFFIX joins Blockchain in Transport Alliance
- Blockchain Technology for Smarter and Safer Logistics and Transportation
- ShipTrack Joins Blockchain In Transport Alliance (BITA)
- TRUX announces Blockchain in Transport Alliance membership
Supply Chain and Logistics Blog
Choptank Transport, an award-winning, nationwide third-party logistics 3PL provider announced today that it has joined the Blockchain in Trucking Alliance BiTA to help shape the future of logistics technology.
Choptank has invested heavily in the latest transportation technologies as the needs and expectations of its customers have grown. Transparency, efficiency and real-time information exchange is no longer optional in the supply chain… it now is a requirement for most shippers. BiTA www. By providing more clarity and standards around blockchain through education and promotion of the technology, BiTA intends to be the leading blockchain voice for the industry.
We know the possibilities that these technologies will bring and expect them to increase exponentially. Working smarter and more efficiently is one of Choptank's main objectives, and being recognized for it is a bonus.
Through engagement of the brightest minds from the most influential leaders in transportation, finance and technology, BiTA, along with Choptank Transport and many other supply chain experts, will build the first set of transportation industry-specific blockchain standards. Get ready, logistics is about to transport us into the future.
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Tachyon joins Blockchain in Transport Alliance
Company News. For more than three decades, our mission has been to put people first—our customers, our carriers, and our team, and joining BiTA is just an extension of that mission. By being at the forefront of the rise of blockchain technology in this sector, it is just one way that we are working to set the stage for success for our customers for years to come. Our mission is to stay on top of the curve when it comes to technology in the transportation sector, which is why we have joined the Blockchain in Transport Alliance to help form the standards and assist in developing blockchain technology in the supply chain world. Its ability is virtually limitless, and we cannot wait to be part of this innovative and growing technology in the transportation sector. He quickly started working to change the system of regulations and inefficiencies that offered very few benefits to customers and trucking companies.
Blockchain will work in trucking — but only if these three things happen
There is little doubt that blockchain — the newest buzz word in technology — has the potential to change the way transportation carriers interact and transact with each other. Support of this enterprise solution, which documents transactions that are important to the safe and efficient moving of freight, is gaining traction, and the number of retailers, manufacturers, and carriers embracing blockchain and its benefits is growing. Increased demand for security and transparency within the supply chain is driving interest in the ability to have a continually updated, unchangeable ledger of economic transactions on a peer-to-peer network. Blockchain still encompasses the various familiar transactions in the supply chain, but it adds a level of protection as each transaction is validated and recorded. No one party on the network can modify or delete any record without consensus from the others. This creates a permanent, digital history as products move from the point of origin to the final mile. The transportation industry has always been a critical link within the supply chain, and it has a significant role to play as blockchain technology advances.
CargoX, the producer of Smart B/L, joins BiTA
The firm's expertise in transportation law will benefit the organization and its members as we develop the standards that will lead to widespread adoption of blockchain technology in transportation. We are incredibly honored to join BiTA and associate with the strategic team that is leading the way in blockchain developments. We strive to add value to that drive for a better supply chain. Learn more today.
TRAFFIX joins Blockchain in Transport Alliance
Every industry consortium has a bit of a personality. One could describe the Blockchain in Transport Alliance BiTA as pragmatic and commercial with the aim of improving profitability. FreightWaves operates the consortium on a day-to-day basis on behalf of its members. Other alliances within the industry include the IBM and Maersk joint venture, and the Accenture consortium that consists of major shippers and Anheuser-Busch. Both of these focus on supply chain tracking and transparency.
Blockchain Technology for Smarter and Safer Logistics and Transportation
Transparency18 is focused on the launch of standards development, thought leadership and informational sessions about blockchain technology and implementation. About BiTA: Founded in August of , BiTA promotes the development and adoption of blockchain applications in the trucking, transportation and logistics industries, including establishing industry-wide standards. Members include truckload, LTL, and parcel carriers, as well as shippers, tech startups and incumbents, insurance companies, law firms, and other industry participants who have an interest in integrating blockchain technology into their organizations. Visit BiTA at www. About RIM logistics: Founded in , RIM logistics has been a leader in the logistics space, putting best practices to work for our customers. The company has a strategic global presence and more than employees specializing in air and ocean domestic and international freight forwarding, warehousing and distribution, domestic operations, project management, customs brokerage, cargo insurance, consolidation, cross trade and compliance consulting. RIM logistics, ltd.
ShipTrack Joins Blockchain In Transport Alliance (BITA)
BiTA was formed in with the goal of bringing together the brightest minds from leading companies in the transportation industry to develop and embrace the first industry-specific blockchain standards. By providing more clarity and education around blockchain, BiTA intends to be the leading blockchain voice for the transportation industry. At a basic level, blockchain technology is an open, distributed ledger or database, that digitally records the transaction history between parties involved. In transportation, blockchain can create a more connected and efficient supply chain by enabling real-time information sharing between shippers, carriers, brokers and more.
TRUX announces Blockchain in Transport Alliance membership
A blockchain is a digital and decentralized ledger that is maintained across a network of computers and protected through encryption. Its transparency and incorruptibility helps facilitate transactions and agreements between different parties. Blockchain technology can bring added visibility, traceability, and security to global supply chains. All companies within BiTA share a unified mission of developing a standards framework, educating the market on blockchain applications, and encouraging the use of said applications through exemplary implementation.
Insight and Intel From Industry Experts. Look into any dispute between supply chain nodes, whether it's an incorrect manifest or a more litigious issue, and you'll typically find a disagreement of facts at the core. Company A claims that they ordered a certain amount of products at a certain price, but Company B maintains the order was different. Company A claims they paid a certain invoice before a due date, but can't provide Company B with proof to avoid the late charge. These obstacles to transparency would be quickly and easily eliminated with an impartial arbiter, but that would take valuable time and resources to put into place—or, at least, that used to be the case. The blockchain is now that impartial arbiter, and it's transforming the way logistics keeps and accesses its records. But before blockchain can be the solution, proper regulations need to be agreed upon—which is why Blockchain in Transport Alliance , or BiTA, was formed.
Blue Horseshoe, a global software and services firm specializing in supply chain and logistics, has joined the Blockchain in Transportation Alliance BiTA. BiTA focuses on defining and setting blockchain standards in the trucking, transportation and logistics industry. Blockchain is a digital ledger that identifies and tracks transactions.
what an abstract mentality