NASCENT, provider of technology solutions to the Intermodal Transportation industry, has announced its membership in the newly formed Blockchain in Transport Alliance (BiTA), an organization that aims to ‘create a forum for the development of blockchain standards and education for the freight industry’.
Founded in August of 2017, 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 start-ups and incumbents, insurance companies, law firms, and other industry participants who have an interest in integrating blockchain technology into their organizations.
READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM
allcoinsnews.com
Corcentric, a provider of procurement and financial process automation solutions, has announced that it has joined Blockchain in Transport Alliance (BiTA), an organization that promotes the development and adoption of blockchain applications in the trucking, transportation and logistics industries.
For decades the freight industry has failed to keep pace with technology – often falling miles behind. It’s a shocking truth considering freight transportation is arguably the backbone of the world economy, generating over $800 billion in annual revenue in the US alone, with the global logistics sector expected to generate over $15 trillion by 2023.