Trinity Logistics, Seaford, 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, a release stated.
Blockchain allows documents to move around without the possibility of alteration. The technology also can be used in payments and other areas.
“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.
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.
Trinity Logistics is a Team Member Owned leading 3PL (third-party logistics) company specializing in freight arrangement and supply chain solutions.
The employee-owned company helps put the shipper and customer together, but does not own trucking equipment. Trinity also operates a port and distribution services office in New Castle.