Bita blockchain platform

In joining the alliance, CP is supporting BiTA's mission of producing blockchain standards that allow for interoperability between participants in the global supply chain. Blockchain is an open, extensible platform capable of sharing shipping events, messages and documents across all the actors and systems in the supply chain ecosystem. It uses cryptography to ensure that network participants see only the parts of the ledger that are relevant to them, and that transactions are secure, authenticated and verifiable. Joining the alliance is part of CP's continued focus on developing and supporting technology throughout the supply chain.

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WATCH RELATED VIDEO: TradeLens and Blockchain Technology Supply Chain Demo

Wipro Joins BiTA to Drive Blockchain Adoption in Transportation

Though blockchain has had its fair share of advocates and detractors in the transportation and supply chain sectors since its advent, its relevance within the market cannot be questioned. With this, TradeLens accounts for shipping data of over half the number of container lines that sail across international waters — a remarkable stimulus to the possibilities of blockchain.

Though blockchain can be used to render paperwork in freight movement obsolete, McDaniel pointed out that it largely depended on the desire and willingness of government agencies. Nonetheless, the adoption needs to start somewhere, and it can start with creating visibility into logistics operations, by identifying the different stakeholders within a value chain. This can be done through a unique identifier that can be attributed to every stakeholder, thus helping with provenance tracking.

McDaniel believed that widespread adoption of blockchain is only possible once the technological infrastructure is built out. Aside from being exhaustive, international trade and customs procedures can cause delays in cargo movement, leading to costly detentions. McDaniel stated that the burden of paperwork is not just laborious, but also provides opportunities for corruption.

When questioned about the need for promoting open blockchain networks within the transportation ecosystem, McDaniel took a more neutral approach, explaining that it is about maximizing the likelihood of people using blockchain rather than reproving proprietary blockchain systems.

She trusted that once the technology has found mainstream approval, regulatory bodies could chip in with standards to streamline operations. Nonetheless, open blockchain standards are already being developed. The Blockchain in Transport Alliance BiTA , a consortium of over members across the logistics space, has pioneered the development of open blockchain standards that companies can use as a platform for their blockchain needs.

There should be no surprise seeing companies starting out with their own proprietary blockchain networks. DrayNow, the first real-time marketplace connecting intermodal freight with carriers, has joined the Blockchain in Transport Alliance BiTA.

BiTA is developing best practices and standards for blockchain in the transportation industry. Blockchain is an open, distributed digital ledger that can record and share transactions between two or more parties efficiently, securely and permanently.

Blockchain enables transportation companies to more accurately track shipments, routes and transport vehicles in all modes while providing a highly secure platform that permits faster processing and payments. BiTA is the leading organization establishing blockchain standards within transportation, which will result in more efficient freight movement, supply chain management and more.

We are proud to be a part of the organization promoting mass adoption of this technology in logistics. DrayNow provides technology-driven solutions for the freight industry, with a focus on intermodal. Led by industry veterans, the company operates the first intermodal freight-matching marketplace connecting freight to available carriers. The DrayNow Marketplace is accessed through a desktop interface where users can view truck capacity in real-time, post loads, track load status and obtain electronic documents immediately.

Keller will bring its extensive knowledge of safety and regulatory requirements to the Alliance and further explore blockchain-based solutions for the industry. Blockchain technology enables companies to identify and track transactions digitally and share this information across a distributed network of computers.

For the transportation industry, blockchain enables participants to more effectively track goods and freight across the supply chain. Blockchain also allows transportation and logistics companies to operate in a more seamless and transparent manner. It can also help to create new revenue streams and value for customers by enabling a system of completing transactions, tracking shipments and managing fleets.

Keller, which has a great depth of experience in fleet management solutions and standards. It will be a key player in helping develop blockchain standards in transportation, and ensuring those standards meet all regulatory requirements.

In addition to offering end-to-end fleet compliance and safety solutions, J. Keller is an intellectual property company housing more than 20 editors and consultants in the field of transportation. In turn, this helps operations run smoothly and avoid fines or down time. This is a breakthrough discussion. The three executives agreed that there is a collective interest in embracing uniform standards and getting governments on board with blockchain technology.

The question is how are you going to accelerate that process. Customs clearance is an area where blockchain can play an important role, one that requires making governments part of the conversation. Laney pointed to the long lines of trucks at the U. Chrystie stressed the need for blockchain standards to be open source. Along with other key elements, such as IoT and RFID tags attached to packages, blockchain would improve visibility, not only for shippers but also for customers who could watch in real-time as parts move through their manufacturing lifecycle.

Laney also commented on the use of blockchain to solve significant issues. We see the application of blockchain as a way to help us solve these issues to secure transportation networks and stem the tide of counterfeit goods. I know BiTA shares that goal as well.

It really speaks to the leadership and vision of these companies that they can acknowledge this new paradigm, and work together to build a common framework for the future.

Datapace, a blockchain-powered data marketplace with technical and policy-based data verification that has access to a worldwide network of sensors, has joined the Blockchain in Transport Alliance BiTA. Datapace is headquartered at Bell Labs in Villarceaux, France.

Blockchain technology is game-changing and transformational, benefiting companies and organizations that need accountability, scale, trust and security in their business processes, especially those that involve external collaboration and interaction in the transportation, logistics and supply chain marketplaces. The technology enables users to identify and track transactions digitally as well as share information across a distributed network of computers.

For the transportation and logistics industries, blockchain provides the opportunity to more effectively track goods and freight across the supply chain. Blockchain also will allow transportation and logistics companies to operate in a more seamless and transparent manner. It can also help create new revenue streams and value for customers by enabling a system to complete transactions, track shipments and manage fleets.

As a company, Datapace is dedicated to unlocking the enormous value of data. With its blockchain-powered data marketplace, Datapace provides the secure and automated exchange and monetization of the internet of things IoT , digital and other kinds of data. Datapace offers blockchain powered secure transactions and automated smart contracts to sell and buy data streams.

The Datapace data marketplace can be used to stream data from any source — IoT devices, physical assets, autonomous cars, drones and many more. It enables companies to integrate third-party data and monetize it through the same marketplace.

Datapace is the intersection of their interests, experience, technology preferences and passions. Saleh was working on five continents on telecommunication technologies, while Draskovic was involved in hardware and software open source projects in the IoT domain.

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Blockchain In Transport Alliance Standards Council

This website uses cookies for analytics, personalization and advertising. Click here to learn more or change your cookie settings. By continuing to browse, you agree to our use of cookies. BiTA is the largest commercial blockchain alliance in the world and develops blockchain best practices and standards in the transportation, logistics and supply chain industry. EPAM has identified 21 blockchain use cases across six industries, including agriculture, consumer packaged goods, manufacturing and retail, insurance, healthcare, life sciences and transportation and logistics. With over 30 engagements and 15 working prototypes, EPAM helps its customers create enterprise blockchain solutions from scratch and integrate enterprise IT ecosystems to external blockchains, resulting in increased traceability and greater customer trust and engagement.

BiTA sees blockchain as “promising to shake up” the $8 trillion logistics and Its chief technology officer, Mike Dieter, will sit on the.

Ruan Joins the Blockchain in Transport Alliance

BiTA is a standards and advocacy organization designed to educate, advocate, and establish standards for Blockchain applications in the trucking industry. BiTA, PLS Logistics Services, and hundreds of other logistics leaders seek to revolutionize the trucking industry through this partnership. By bringing together the most influential leaders in transportation, finance, and technology, BiTA will build the first set of transportation Blockchain standards. The Alliance seeks to provide clarity and standards around the Blockchain through education and advocacy of technology. BiTA intends to become the leader of Blockchain within the industry. PLS handles millions of loads annually across all major freight modes: flatbed, van, LTL, rail and barge, air and ocean. The PLS carrier network consists of over 40, pre-qualified trucking companies along with Class-1 railroads and major barge companies. PLS has been recognized as a top 25 freight brokerage firm. To learn more visit www.

About BiTA

bita blockchain platform

Although the payouts can be lucrative, shipping companies and retailers are losing out on a significant percentage of the profits due to inefficient practices, unnecessary middlemen costs, theft, cyber attacks and food spoilage. Blockchain offers an end-to-end solution for companies that want to run leaner, more organized and more efficient operations. A decentralized public ledger system that documents all changes to a record in real time, Blockchain can help make logistics companies more efficient via a public ledger system that records the motions of each shipping container. Armed with that data, companies can implement faster routes and eliminate unnecessary steps in the delivery process. Distributed and decentralized ledgers reduce bottlenecks and clerical errors, as well.

Though blockchain has had its fair share of advocates and detractors in the transportation and supply chain sectors since its advent, its relevance within the market cannot be questioned.

Logistics Plus Joins Blockchain in Transport Alliance (BiTA)

Arrive Logistics is the fastest growing freight broker in the United States. Since their founding in , they have grown from a person team to more than employees working out of Austin, TX, and Chicago, IL. 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. Through engagement of the brightest minds from the most influential leaders in transportation, finance and technology, BiTA will build the first set of transportation industry-specific blockchain standards.

Canadian Pacific joins Blockchain in Transport Alliance

Insolar , enterprise-grade Blockchain platform that uses distributed trust to enable seamless interactions between companies, has been accepted into the Blockchain in Transport Alliance BiTA. BiTA is an organization which aims to drive standards and enable Blockchain adoption. Its members are in the field of transportation, logistics, supply chain, freight, technology, and Blockchain. She said:. At Insolar, we believe we can make a valuable contribution, not only in terms of the technology that we are developing but with the vision that we have for the Blockchain arena as a whole. Some of the projects associated with BiTA include the supply-chain-as-a-service platform, bill of lading via Blockchain, and Blockchain-based biofuel supply chain tracking for the maritime industry, in addition to the creation of standards for shipment tracking using Blockchain. The alliance brings together the most influential leaders in transportation, finance, and technology with the aim of building the first set of transportation industry-specific Blockchain standards and promoting what it terms as the most transformative technology since the internet. Members of the alliance are creating a forum to develop a dialogue around Blockchain in transportation.

Blockchain in transport – Awaiting the breakthrough. Analyzing the impact of blockchain technology and identifying use cases within the transport industry.

But what is this elusive technology and how can you utilize it to enhance the security and efficiency of your supply chain? Blockchain is defined as an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. To simplify it, think of the blockchain like a spreadsheet.

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. GlobalTranz CEO Bob Farrell sees the further development of blockchain technology in trucking and logistics as a significant advantage for stakeholders throughout the industry, particularly shippers, and is eager to begin working with BiTA.

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We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy. DC Velocity Staff. No Comments. Technology is "the next frontier" for supply chain operations, CEO Smith says.

We are proud to announce that we have joined Blockchain In Transport Alliance BITA the world's premiere industry group focused on driving standards and adoption of blockchain. Though there are several drivers behind this shift , one of the most powerful is the advancement of behind-the-scenes technologies like artificial intelligence AI , machine learning ML and increasingly, blockchain. Think about any shipment: From point A to point B, you have multiple parties touching the freight and needing to see what they need to see. So there are many participants who often know little about one another, and yet they have business to conduct, ranging from small, low-value shipments to larger, or very large and very high value shipments.

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  1. Lamaan

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