PHOENIX--(BUSINESS WIRE)--GlobalTranz Enterprises, Inc., a leading technology-driven freight management solution provider, today announced it has joined the Blockchain in Trucking Alliance (BiTA), a group of industry executives and companies dedicated to developing and promoting blockchain technology standards throughout the logistics and trucking industry.
BiTA was formed in 2017 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.
“Developing standard transactions using blockchain technology within our industry has potentially the same positive impact as that of X-12 EDI, EDIFACT and other standards used today. By joining BiTA, we hope to work with others in the alliance to produce blockchain applications that can become an industry-wide standard leading to improve partner relations,” said Greg Carter, GlobalTranz’ CTO.
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. “GlobalTranz is excited to join forces with blockchain thought leaders to help grow and educate the logistics industry about this promising technology.”
To learn more about BiTA and blockchain in the trucking and logistics industry, visit https://bita.studio/.
GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics and expedited shipping services. GlobalTranz is leading the market in innovative logistics technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in near real-time. Leveraging its extensive freight agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 25,000 shippers. In 2017, Transport Topics ranked GlobalTranz as the 13th largest freight brokerage firm in the U.S. For more information, visit http://www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.
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.