International transportation company Penske Logistics has become the latest company to join the transport blockchain the Blockchain in Union Transport Alliance (BiTA).
Penske has become a corporate member of the Alliance on January 15. The organization aims to encourage the development of blockchain technology in the transport sector, creating applications for supply chain and logistics processes, as well as asset tracking and transaction logs. The company said in its press release.
Now the company can work on creating applications for its own manufacturing unit and also transporting food and beverages.
Senior Vice President of Penske Andy Moses announced that the company is interested in exploring blockchain technology in cooperation with the Alliance:
“We joined BiTA in order to show the advantages of the blockchain our customers and participate in the development of a standard structure and introduction of technology.”
In addition to Penske and other companies in the Alliance include United Parcel Service. Last year, UPS announced that it plans to join the development of standards for blockchain-based platforms and advise on the use of technology to facilitate payments.
Earlier, the consortium was called the Blockchain in Trucking Alliance and has specialized exclusively in auto shipping. However, replenishment of the railway companies and other transport-related groups was the reason for the renaming of the Alliance.