TAMPA, Fla.--(BUSINESS WIRE)--Continuing to execute on its mission to redefine transportation technology, Transflo has joined the Blockchain in Trucking Alliance (BiTA) to develop technology standards, promote educational efforts, and implement blockchain capabilities in the trucking and freight shipment industry.
A leader in enterprise mobility, telematics, and business process automation for the transportation industry, Transflo is uniquely positioned to contribute insights and expertise from its category-defining software and extensive transaction base. The company is on track to facilitate more than $54 billion in freight bills, send 75 million mobile communications, and digitize nearly 500 million documents annually.
Blockchain is a type of technology that structures data in blocks that serve as a transparent activity ledger, documenting transaction history among parties. The technology can be used to manage and validate different types of economic transactions. Transflo’s innovation teams have been exploring use cases about blockchain and the company’s electronic logging, mobile, and imaging solutions. Industry standards may help them bring new solutions to market.
“Software and technology continue to accelerate change across the transportation sector,” stated Frank Adelman, Transflo President and Chief Executive Officer. “With the right standards and industry support, blockchain may dramatically improve data quality and transform the way the industry does business. The BiTA mission and membership are compelling, and we’re excited to be an early member.”
BiTA members include influential technology firms, carriers, shippers, brokers, and OEMs. Working together with other companies in the organization, Transflo will help drive innovation in transportation commerce. The consortium expects to tackle initiatives that encourage the use of blockchain applications that improve contract management, shipment optimization, and record keeping.
“Transflo’s unique mobile, ELD, and document footprint provide important representation to the Blockchain in Trucking Alliance,” offers Craig Fuller, Co-founder of BiTA. “They’re a credible leader with a history of digitizing trucking processes. That’s expertise needed in blockchain, and we’re pleased to welcome them as a new member.”
Transflo® by Pegasus TransTech is a leading mobile, telematics, and business process automation provider to the transportation industry in the United States and Canada. Through its technology, the company delivers real-time communications to thousands of fleets, brokers, and commercial vehicle drivers. The company’s mobile and cloud-based technologies digitize over 400 million shipping documents each year, representing nearly $40 billion in freight bills. Organizations throughout the Transflo client and partner network use the solution suite to increase efficiency, improve cash flow, and reduce costs. Headquartered in Tampa, Florida, USA, Transflo is setting the pace of innovation in transportation software. For more information, visit www.transflo.com.
About Blockchain in Trucking Alliance
Founded in August 2017, the Blockchain in Trucking Alliance (BiTA) is a forum for promotion, education, and encouragement to develop and adopt blockchain applications in the trucking, transportation, and logistics industry. BiTA’s goal is for members to participate, discuss, create, and adopt industry standard uses of blockchain applications and to provide clarity and direction for the development of blockchain technology in the trucking industry in a manner that will create efficiency, transparency, and foster trust. BiTA standards are intended to create a common framework to help organizations develop and adopt blockchain technology. For more information, visit www.bita.studio.