we are working to encourage the development of blockchain standards in freight

We are just getting started. Our first standards will be developed and published in 2018.

We are bringing together hundreds of companies across the trucking and logistics landscape to discuss and develop blockchain standards for the industry. We will kick this process off during our inaugural meeting at Georgia Tech on November 16, 2017. At that meeting, we will discuss major issues of concern, share ideas of what folks are working on, and form the framework for developing and publishing market standards. 

After the November meeting, we will have meetings at least twice a year. We also encourage offline conversations outside of our formal events and hope to encourage collaboration and commercial outcomes. 

If you are interested in having a say in how the industry will adopt a standard blockchain framework, we suggest you become a member and join us in Mid November. 

Major issues we will be addressing soon

Smart contracts

Whether it is a smart confirmation sheet or a forward contract, smart contracts that self-execute are the future of freight tendering. 

Freight payment

Collecting payment and settling freight bills is a painful process that is archaic and fraught with fraud and integrity issues. 

Asset maintenance and ownership history

Having a trustless and accurate record of asset history is imperative to ensuring compliance with safety-standards and helps asset buyers know the complete history of an asset from the time it leaves the factory floor. 

Gray trailer pools

With ELDs being implemented, drop and hook freight will become more desirable. Trailer pools are also nearly impossible to manage under current processes. Solving this issue with revolutionize the way carriers, shippers, and 3PLs manage their asset pools. 

Transparency and chain of custody of freight

New regulations and safety standards require everyone in the supply-chain to know what is happening with freight at all times, whom touched it, where it has been, and how it was maintained. 

Other ideas

We are a membership organization that encourages members to develop their own applications and share those concepts with other members. If you have an idea of an issue that blockchain technology can help solve, please tell us. BiTA is not involved in developing commercial blockchain applications- that is up to the members. If you have a concept or idea, let us know and we will bring it up at our next meeting.