BestTransport links with Blockchain in Transport Alliance
WORTHINGTON, Ohio (Dec. 20, 2017) – BestTransport.com today announced it has joined the Blockchain in Transport Alliance (BiTA), a forum for the development of blockchain technology standards and education for the freight industry.
BestTransport sees the need to create industry standards and protocols to enable blockchain platforms to operate together with established technologies such as BestTransport’s transportation management solutions, or TMS.
For some time, BestTransport has seen the need for closer collaboration between shippers, carriers and intercompany relationships. The company believes blockchain standards will promote and elevate shipper-carrier working partnerships to the benefit of all stakeholders, including domestic and global trade and finance.
“Blockchain has multiple applications in the transportation and logistics industry, especially as related to freight and equipment visibility, insurance, payments, audits including truckload, LTL and parcel freight,” said Scott Cummans, CEO of BestTransport. “The technology has the potential to increase transparency and efficiency and lower overall cost across the entire supply chain from raw material providers to the end consumer.”
BestTransport continues to invest in both software technologies and people to build Solutions Beyond Software and views blockchain as a truly disruptive technology that can change many facets of the domestic and global transportation and logistics industry, including finance.
BestTransport is particularly interested in exploring blockchain applications in its TMS truckload and LTL business. For nearly 20 years, a key BestTransport objective has been developing a strategy to digitize transactions. Blockchain technology would help by improving transaction accuracy and replacing existing paper-heavy and manual processes that exist outside of a TMS solution. This will benefit all parties involved in the transactions and be done in a highly secure environment, and it would generate valuable efficiencies for all stakeholders along the supply chain.
BestTransport’s goal is to leverage blockchain technology to facilitate execution and visibility of trusted transactions between BestTransport’s shipper clients, the shipper’s customers and carriers, facilitating the movement of freight along the supply chain. Blockchain, a digital database using blocks linked and secured by cryptography, can be used to keep record of information and assets. This includes physical assets, such as freight, and transportation equipment, or virtual assets, such as digital currencies.
BestTransport (www.besttransport.com) is a leading provider of cloud-based Transportation Management Solutions (TMS), and Transportation and Logistics consulting services which enable manufacturers, distributors, suppliers and carriers to efficiently plan, execute and manage all aspects of their operations. BestTransport’s TMS reduces a company’s overall transportation spending, enables tighter cost management, provides enhanced shipment visibility and benchmarking, and it facilitates collaboration between shippers and carriers. More than $1.5 billion in annual freight spending is moved through BestTransport to and from thousands of domestic and international locations.
About Blockchain in Transport Alliance
Founded in August 2017, the Blockchain in Transport Alliance (BiTA) 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 transportation industry in a manner that will create efficiency, transparency and foster trust. BiTA standards are intended to create a common framework to help organizations develop and adopt blockchain technology. For more information, visit www.bita.studio.