Alliance to Develop Blockchain Standards for Transportation
FR8 Revolution, creators of a marketplace for open deck carriers and shippers, has announced that it has joined the Blockchain in Trucking Alliance – BiTA. Blockchain in Trucking Alliance is a forum for promotion, education, and encouragement to develop and adopt blockchain applications in the trucking, transportation, and logistics industry.
BiTA’s goal is for members to participate, discuss, create, and adopt industry standard uses of blockchain applications and 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 aims to build the first set of transportation industry-specific blockchain standards. The alliance will be focused on providing educational resources and open forums to companies that are dedicated to the evolution of the trucking industry through the efficiencies offered by blockchain technology.
Matt Kropp, CEO of FR8Star, said: “We look forward to collaborating with innovators in the trucking and transportation industry on creating a common framework for applications to digitally document secure transactions within a blockchain network,” “Our company’s mission is certainly aligned with BiTA’s goal of providing greater clarity, transparency, speed and trust among supply chain stakeholders.”
As a specialized transport marketplace for moving flatbed and oversize/overweight loads, the FR8Star platform provides pricing estimates, optimal shipping routes and real-time freight tracking for shippers. FR8Star’s qualified open deck carriers bid on and are awarded high-value loads using the marketplace that also offers fuel advances and instant pay upon freight drop-off.