New Consortium Seeks Blockchain Adoption for Trucking

Announcements, Blockchain, FinTech, Group, Innovation, News | August 21, 2017 By:

A new consortium called “Blockchain in Trucking Alliance” (BiTA) has been established to help educate, advocate, and establish standards for blockchain applications in the trucking industry.

BiTA’s goal is for members to participate, discuss, create, and adopt industry standard uses of blockchain applications. It will also hope 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 seeks to provide education and promotion of the technology. The new consortium intends to be the leading blockchain voice for the trucking industry.

“We formed the Blockchain in Trucking Alliance to develop common standards around blockchain applications in the trucking industry,” said Craig Fuller, CEO of TransRisk and Co-Founder of BiTA. “The technology holds great promise. But to encourage its proliferation, we felt that developing industry standards was paramount.”

BiTA also announced that McLeod Software, a leader and innovator in trucking software applications, has joined the consortium, joining other members including Triumph Business Capital, TransRisk, P&S Transportation, U.S. Xpress and Convoy.

“McLeod is very happy for the chance to join the Blockchain In Trucking Alliance, and we look forward to working with this great group of companies to advance the goals of making blockchain both practical and efficient for transportation companies,” said Ken Craig, vice president of Special Projects for McLeod Software. “We believe that the ability to participate in blockchains with automation and good connectivity to existing systems could become a critical element of our customers’ business.”