Trinity Logistics has joined other transportation industry giants by partnering with the Blockchain in Transport Alliance (BiTA), a recently formed group to ensure the standardization of blockchain technology in logistics.
BiTA is a forum for promotion, education, and encouragement to develop and adopt blockchain applications in the trucking, transportation, and logistics industry. These resources will help those in the industry interested in leading the evolution through the efficiencies offered in blockchain technology.
Trinity recognizes blockchain’s significance as a disruptive technology, with the potential to transform the future of logistics with a new system for arranging and tracking freight services.
“We are very excited to see the initiative that has been taken to form this alliance so that industry leaders can move forward with blockchain technology in a cohesive way. So often the transportation industry is reactive to policy changes and technological advancements. This is a great opportunity for all of us to shape the industries future with this game-changing technology,” said Sarah Ruffcorn, Chief Operations Officer of Trinity Logistics.
By joining BiTA, Trinity will remain at the forefront of developments in blockchain technology and collaborate with others in the industry. BiTA’s forum will provide the latest education on how the technology or government regulations could impact Trinity’s carriers, shippers, and technology platforms.
Trinity Logistics joins over 750 companies that have applied for membership with BiTA. The alliance’s first blockchain standards in freight will be developed and published in 2018, addressing smart contracts, freight payment, asset maintenance and ownership history, transparency and chain of custody freight, and more.