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BiTA Member

Spanish logistics provider ChainGO Tech joins Blockchain in Transport Alliance

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A Spanish start-up founded in 2017 to promote the digital revolution in the global logistics sector, ChainGO Tech has joined the Blockchain in Transport Alliance (BiTA). ChainGo Tech’s primary focus is on international trade and transport, such as the maritime shipping.

Blockchain is an open, distributed digital ledger that can record and share transactions between two or more parties efficiently, securely and permanently. Blockchain enables transportation companies to more accurately track shipments, routes and transport vehicles (in all modes) while providing a highly secure platform that permits faster processing and payments.

Blockchain applications are expanding globally. BiTA and its members are developing best practices and standards for blockchain in transportation/logistics. BiTA is also providing information and educational materials relating to blockchain technologies for the freight, transportation and logistics industries.

According to the International Maritime Organization, maritime transport is essential to the world’s economy; over 90 percent of the world’s trade is carried by sea and it is, by far, the most cost-effective way to move goods and raw materials en masse around the world.

However, the maritime industry has a number of key problems, including bureaucratic inefficiency and risk of fraud. Previous efforts to digitize global trade in the maritime sector (and within other transportation modes) have been met with trepidation due to the lack of clear and common objectives and trust between individual actors. Blockchain technology can help avoid these problems.

“Our platform is based on blockchain technology that guarantees the realization of verified transactions, transparency and full confidence in the authenticity of documents,” stated ChainGO Tech CEO Andrés Garrido. Blockchain provides transparency and immutability of information and is considered one of the technologies that is expected to disrupt the logistics industry.

Garrido added, “Partnering with BiTA, ChainGO Tech want to take part in defining and developing blockchain standards for transportation and logistics. Being involved with leading companies in the sector and emerging technological companies worldwide, all pushing in the same direction, is an incredible opportunity that will help all of us.”

Oliver Haines, Vice President-European Region for BiTA, said, "On behalf of BiTA and its members around the world, I welcome ChainGO Tech to the BiTA Community. We look forward to the company’s contributions to the Alliance. ChainGO Tech brings expertise in current supply chain practices, which is important for the establishment of a seamless path into blockchain application.”

“We are grateful to BITA, its staff and membership for this opportunity to offer our know-how,” Garrido said. “ChainGO Tech can make a contribution in this new era of digitalization and transformation.”

Based in Madrid and Valencia, ChainGO Tech offers innovative software solutions based on blockchain technology that manage the burdensome transport and cargo documentation process involved in sea, ground and air transportation. ChainGO Freight is the platform the company launched earlier this year. ChainGO Freight connects the many different players in the global supply chain with a safe, secure and efficient process backed by an immutable blockchain.

ChainGO Tech offers clients a complete platform dedicated to seamlessly managing and controlling documentation in cargo transport. The company has a novel approach, with an agnostic blockchain solution aimed at providing a high level of customization tailored to the needs of every client.

Blockchain in Transport Alliance welcomes Hong Kong-based Tigers

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Tigers, a Hong Kong-based global logistics and transportation company that specializes in technology-enabled supply chain solutions, e-fulfilment and transportation by air, sea, rail and road, has joined the Blockchain in Transport Alliance (BiTA).

Blockchain is an open, distributed digital ledger that can record and share transactions between two or more parties efficiently, securely and permanently. Blockchain enables transportation companies to more accurately track shipments, routes and trucks while providing a highly secure platform that permits faster processing and payments.

Blockchain applications in the transportation/logistics marketplace are expanding globally. BiTA is dedicated to developing best practices and standards for blockchain in transportation/logistics. The Alliance and its members are developing standards and education in blockchain technologies for the freight, transportation and logistics industries.

According to Andrew Jillings, the founder and chief executive officer of Tigers, “Tigers is looking forward to partnering with BiTA and being a member of an international organization that is developing standards for blockchain in the freight and logistics industry.” Jillings continued, “The supply chain industry is entering a digital revolution and blockchain is a key element of this. At Tigers, we are fully committed to digitalizing our business, and blockchain is a logical and natural addition to SmartHub: Connect’s suite of services, which provide clients with global visibility of their transportation, inventory levels, and e-commerce fulfilment.”

Oliver Haines, Vice President-European Region for BiTA, said, "On behalf of BiTA and its members around the world, I welcome Tigers to the BiTA Community. We look forward to the company’s contributions to the Alliance. Tigers brings expertise in current supply chain practices, which is important for the establishment of a seamless path into blockchain application.”

Tigers offers clients a full enterprise solution, from freight forwarding to inventory management, fiscal representation to omni-channel fulfillment, and the ability to trade products such as wine and luxury fashion items on the Tigers eShop. In 2018, Tigers launched SmartHub: Connect, a Microsoft Gold-certified technology platform using Microsoft Azure Data Warehouse and Firewall features for its fast-growing e-commerce fulfillment business. SmartHub: Connect is also available on a mobile application and is unique in the industry, combining freight, e-commerce and logistics in one Cloud-based portal.

BiTA blockchain standards bring the industry closer to seamless shipment tracking

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Today, the technology of blockchain has gained a firm foothold in the logistics and supply chain industry. Several blockchain pilot programs have been initiated across the ecosystem by companies that are looking to improve transparency and visibility in their supply chains – a sign of healthy cynicism to have front-row seats on the blockchain bandwagon.

Though this could be assumed to be an extension of the eternal fascination that companies have towards increasing operational efficiency and the decisive fear of missing out (FOMO) factor on futuristic technology, it is essential to define blockchain’s capabilities within the industry, rather than to fall back on bland rhetoric of textbook merits and theoretical possibilities.   

The Blockchain in Transport Alliance (BiTA), an association comprised of hundreds of stakeholders within the transportation and logistics sectors, was founded to comprehensively answer a simple question that has puzzled the industry for a very long time – “where is my shipment at?”

The idea of BiTA is to create a set of open blockchain standards – a framework that would act as a springboard for companies within the industry to develop blockchain-related applications. “Logistics processes are no longer within an enterprise or just within a few partners – they now span a whole network of participants across the transportation and supply chain industry. And the current systems and standards of these networks were never designed for the scenarios or are quite antiquated to cope,” said Ben Kothari, Chair of the BiTA Tracking Document Data Component Working Group.

To monitor the real-time movement of a shipment through blockchain, it is critical to define a whole array of components within supply chain entities, while also initiating stable relationships between different parties. Defining the core set of entities and creating contracts that they will work on is instrumental in helping businesses manage operations in a more streamlined and efficient way.

Kothari contended that defining every element within a transaction was critical to see progress, and that BiTA was on track to create deeper and richer definitions for entities over the course of this year. BiTA standards will help businesses understand, at a broader level, what the processes look like, the entities that operate within these processes, and the smart contracts or agreements that are built on top of them – helping companies operate without friction in a network.

“Once the definitions emerge, we’ll be able to create a foundation in terms of how these entities help in conducting transportation business, thus eventually answering the question of where a shipment is in real-time. Shipments traverse across multiple carriers, modes and channels, and creating industry standards are integral to addressing the tracking problem” said Kothari.   

Kothari explained that BiTA standards are relevant to the industry, as it was the first of its kind in the blockchain space, standing alone without banking on antiquated and legacy standards. BiTA has created a niche within the shipment tracking segment by focusing on solving issues related to transportation, rather than making the standards generic to suit every industry.

“There are several standards that are very broadly defined, thus ending up losing focus on the specific set of problems that need to be solved. BiTA comes into the picture with a laser-focus on the transportation industry, which makes it distinctive,” said Kothari.

Even with tailor-made standards for the transportation industry, there have been differing opinions on the need for “openness” in such standards – such as the proprietary blockchain platforms that the maritime industry is witnessing through TradeLens, a joint venture between Maersk Line and IBM.

Kothari insisted that creating proprietary blockchain-related applications – though are valuable to the blockchain movement at-large, is not solving the issue with transparency across the ecosystem. In the end, a proprietary blockchain network owned by Maersk would be hard pressed to serve the container line’s interest, thus defeating blockchain’s promise of equal ownership and transparency among network stakeholders.

“When you restrict participation in a blockchain program, what you essentially have is a distributed or point-to-point messaging platform. That does not add any new value to the system. All you create is another siloed environment that works on integrating and translating different messaging platforms and protocols,” said Kothari. “With proprietary programs, you will not be solving any problem, but will only end up introducing an extra component to the problem.”

BiTA’s roadmap this year involves building on the foundation it laid out last week through its blockchain standards. In essence, the overall intention is to progress to the point where the industry would see sense in permanently phasing out legacy EDI systems and depending on blockchain-based solutions for tracking shipments.

GLT Logistics joins Blockchain in Transport Alliance

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GLT Logistics, a third-party logistics company with a broad national carrier network, has joined the Blockchain in Transport Alliance (BiTA). The Alliance is an organization dedicated to developing best practices and standards for blockchain in the transportation industry.

Blockchain is an open, distributed digital ledger that can record and share transactions between two or more parties efficiently, securely and permanently. This technology is profoundly needed. Experts estimate that there is about $140 billion tied up in transportation-related payment disputes every day and processing costs have risen to as much as 20 percent of total company costs. Blockchain enables transportation companies like GLT Logistics to more accurately track shipments, routes and trucks while providing a highly secure platform that permits faster processing and payments. GLT prides itself on responsive customer service, a broad carrier network, and innovative technology. Participating in BiTA will only enhance the company’s stellar reputation.

“By joining BiTA, GLT Logistics will work with other transportation leaders in order to develop industry-changing technologies that will provide our customers with supplementary services, improved options, and more accurate and real-time information,” said Ricardo Gonzalez, Chief Technology Officer of GLT Logistics. “Blockchain is very rapidly changing the world and we want to be at the forefront of implementing this technology in the transportation industry.”

Arlen Stark, BiTA’s chief of staff, said, “On behalf of the members and staff of BiTA, I welcome GLT Logistics as a member of the Alliance. GLT’s expertise in third-party logistics will be invaluable as the Alliance develops standards for the transportation and supply chain marketplace.”

GLT Logistics is a third-party logistics company founded in Miami, Florida in 2002, as a broad carrier network focused on developing logistics and transportation solutions to simplify the inland freight shipping process. GLT specializes in helping customers reduce shipping costs, enhance carrier services and improve auditing and analytics through personal customer service.

Founded in August 2017, BiTA has quickly grown into the largest commercial blockchain alliance in the world, with nearly 500 members that collectively generate over $1 trillion in revenue annually. BiTA members are primarily from the freight, transportation, logistics and affiliated industries. Alliance members share a common mission to develop a standards framework, educate the market on blockchain applications and encourage the use of those applications. BiTA has offices in: Chattanooga, Tennessee (North American Region); Sydney, Australia (Asia-Pacific Region); and London (European Region).

Asset Balance Solutions joins Blockchain in Transport Alliance

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Asset Balance Solutions (ABS), a data strategy and visualization consulting company with strong ties to the transportation industry, recently became a member of the Blockchain in Transport Alliance (BiTA).

Applications of blockchain technology within the transportation industry are growing at an exponential rate, but so are the hurdles to incorporating such technology to existing platforms. ABS is excited to partner with other BiTA members to develop standards and education in blockchain technologies for the freight, transportation and logistics industries.

Recognizing the immeasurable potential to advance operational efficiency within the supply chain, ABS will be well-positioned to help foster this future by aligning the company’s deep knowledge of information flow within the transportation industry with the newly formed standards. Josh Kolar, the company’s Founder and Owner stated, “ABS sees tremendous value in our BiTA membership. With the BiTA community at the forefront in establishing new blockchain standards, these direct efforts will pave the way for the blockchain expansion and revolution in the overall transportation industry.”

Chris Burruss, BiTA President, said, "Asset Balance Solutions is the latest member of BiTA, and we look forward to its contributions to the BiTA Community. With interest in blockchain technology growing rapidly, there is an increasing need for standardization in freight, transportation and logistics around the world. The Alliance was established by experienced technology and transportation/logistics experts to build common standards and promote blockchain education. ABS brings a deep knowledge of current industry practices and standards, which will be critical to establishing a seamless path into blockchain application.”

Asset Balance Solutions (ABS) is a data strategy and visualization consulting company with strong ties to the transportation industry. ABS Founder Josh Kolar has 15+ years of real-world experience, including holding various positions at a major railroad and trucking companies within the Omaha, Nebraska area. While ABS primarily focuses on providing data strategy and visualization solutions to its clients, we will be looking to expand our services and expertise into the blockchain technologies space through our participation in creating and fostering adoption of these new standards.