Bita blockchain in trucking alliance

Data Gumbo Corp. Data Gumbo offers the logistics sector the power of GumboNet. Our network solves these pain points by providing a secure, immutable system of record that can be shared to deliver contractual flexibility and frictionless payments. GumboNet is a trusted transactional network that can be used to automate contract execution between multiple counterparties using field data to verify contract terms have been met. As a neutral, third-party and unchangeable data log, the network is transforming how players in transportation perform business.

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WATCH RELATED VIDEO: Patrick Duffy from Blockchain in Transportation Alliance (BiTA): Interview at Port Miami

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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. Contact: Jaclyn Melka Tel: jaclynmelka rimlogistics. View our Case Studies ». President's "E" Award. Created to afford suitable recognition to persons, firms, or organizations which contribute significantly in the effort to increase US exports. All Rights Reserved. Made by Launch Digital Marketing. May 22, Case Studies No challenge is too big, no detail is too small.

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Canadian Pacific joins Blockchain in Transport Alliance

Toronto, Ontario, Canada. March 1, — Livingston International Inc. The membership will allow Livingston to provide input into an evolving set of industry standards for rapidly developing blockchain technology that will serve as the core of digitized business transactions in the world of international freight. As a leader in customs and compliance, we want to ensure we can take a leading role in how blockchain shapes our industry.

BiTA is an organization that promotes the development and adoption of blockchain applications in the trucking, transportation and logistics industries.

About BiTA

Learn how blockchain technology is improving the world of transportation and logistics, making companies more efficient and profitable! From dispute resolution to administrative efficiency and order tracking, blockchain has the answer to the the problems that have been plaguing the transportation industry for decades. Let's explore some of these issues. Let's explore the ways blockchain technology is already improving our industry:. Organizations like BiTA are working on creating universal standards for blockchain's mass adoption in the transportation and logistics industry. Companies in the commercial transportation industry sink or swim based on their ability to adapt to consumer needs, and implement new technologies that help them increase efficiency and lower the costs of shipping. In the past year, blockchain technology has emerged in the world of trucking and logistics as a solution to to some of the major inefficiencies that have plagued the industry for decades. For most business owners, blockchain is no more than a buzzword, and its applications can be obscure and difficult to understand. But what is blockchain technology?

EROAD Joins Blockchain in Transport Alliance

bita blockchain in trucking alliance

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PLS Logistics Services Partners With The Blockchain In Trucking Alliance (BiTA)

The Blockchain in Trucking Alliance BiTA is a new industry group created to design blockchain standards and education for the freight transportation industry. Blockchain is a digital ledger technology that provides an immutable record of transactions that can be shared and audited by buyers, sellers and related partners. While the technology started out in the finance field, it has since been adopted in the supply chain and logistics industry for its potential to improve supply chain visibility and efficiency. Members include technology vendors, original equipment manufacturers, tier 1 suppliers, consultants, banks, carriers, shippers, third-party logistics companies and freight brokers. A blockchain network could allow trucking companies to share universal trailer pools, renting time on physical assets in a way that is similar to how travelers rent rooms using the Airbnb online real estate marketplace, says Craig Fuller, co-founder of BiTA and chief executive officer of TransRisk, Chattanooga, Tenn. Blockchain technology could also allow shippers and brokers to create self-executing "smart contracts" that automatically provide fuel reimbursements when truckers fill up their tanks, or pay drivers as soon as they deliver their freight.

Logistics Plus Joins Blockchain in Transport Alliance (BiTA)

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. In addition to establishing market standards, BiTA is focused on engaging with the industry and providing educational resources to ensure the full potential of the benefits of blockchain technology is carried through.

Blockchain is a technology that's ideally suited to the transportation industry and one we believe—insist really—will prove transformational in its impact.

Omnichain Solutions Joins Fellow Supply Chain Leaders in the Blockchain in Transport Alliance

UPS has joined the Blockchain in Trucking Alliance BiTA , a forum for the development of blockchain technology standards and education for the freight industry. UPS said it sees the need to create industry standards and protocols to enable blockchain platforms to operate together with established technologies. In a release the company stated that In the future, blockchain standards and intercompany collaboration will support the logistics strategies that enable UPS customers to participate in global trade and finance. UPS views blockchain as a truly disruptive technology that could change many facets of global commerce, the statement added.

Why RevUnit is joining the Blockchain in Transport Alliance (BiTA)

RELATED VIDEO: How FedEx Is Benefiting From Blockchain

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. With nearly members from freight, transportation, logistics and affiliated industries, BiTA is focused on education, advocacy, networking and commercial outcomes around blockchain and other emerging technologies.

What is BiTA?

With interest in blockchain technology growing like wildfire, there have been blockchain-related pilot projects sprouting up all over the world. BiTA was set up to create a platform for members to discuss and set standards across these projects and the industry. Soeren Duvier, managing director of BiTA in Asia, said: "CargoX has successfully raised significant capital to support the development of solid ideas into business cases for shipping industry documentation. CargoX developed a decentralized platform based on the Ethereum network, and it has a pipeline of promising future products in place to be developed rapidly for the supply chain industry. Together with insurance companies and banks CargoX is already actively developing an equivalent to the Letter of Credit and we are also working on Switch Bill of Lading for the conventional cargo shipping industry. We will be building an ecosystem where companies can offer their logistics services freely and accept payment in USD or cryptocurrency equally. Increased levels of trust and historic transaction traceability, based on the nature of the blockchain itself, support the vision of such a future for logistics services.

Blockchain utilizes a decentralized ledger to record transactions across many computers so the record cannot be altered retroactively without the alteration of all subsequent blocks and the agreement of the network. Similar to Wikipedia, anyone with access may modify the ledger. However, all parties must concur before changes are accepted. It could remove a great deal of waste from the supply chain.

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