Corcentric, a provider of procurement and financial process automation solutions, has announced that it has joined Blockchain in Transport Alliance (BiTA), an organization that promotes the development and adoption of blockchain applications in the trucking, transportation and logistics industries.
The membership will position the company to invest in pioneering blockchain technology with BiTA. Providing procurement and finance solutions to transform how companies purchase, pay and get paid, Corcentric will contribute to BiTA’s overarching mission 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.
Matt Clark, President and COO of Corcentric, commented: “We are thrilled to join BiTA’s extensive network of professionals in the trucking, transportation, and logistics industry. Membership provides a platform to develop a dialogue around the adoption of blockchain for streamlining procurement and payment functions across the enterprise. Blockchain enables enterprises to securely share value and data seamlessly across organizations. Applications of this technology intersect directly with our diverse P2P solutions offering – streamlining payments and creating an immutable record of ownership of assets.”
Founded in August of 2017, BiTA promotes the development and adoption of blockchain applications in the trucking, transportation, and logistics industries, including establishing industry-wide standards. Members include truckload, LTL, and parcel carriers, as well as shippers, tech start-ups and incumbents, insurance companies, law firms, and other industry participants who have an interest in integrating blockchain technology into their organizations.