Hassett Express, a Chicago-based company that specializes in shipping and logistics, announced it has joined Blockchain in the Transport Alliance (BiTA). BiTA is an organization focused on the development of blockchain standards and training for the freight transport industry.
Transportation of shipments from point A to point B and each intermediate step involves multiple parts and points of contact. Blockchain is a technology that will help connect participants – and information – through the transport transaction. "We are excited about the potential of the blockchain and we believe it is important to involve other members of BiTA to develop the framework for future applications," said Traci Richard, Vice President of Technology and Strategic Planning at Hassett.
New and improved technology continues to rapidly bring changes in the transport and logistics markets. In May 2017, Deloitte predicted that 10% of global GDP would be built on the basis of blockchain applications. For logistics and transportation, technology could have an even greater impact, promising to revolutionize this global $ 8 trillion sector.
Blockchain is a distributed register technology that provides consent, provenance, purpose and immutability of commercial transactions and digital assets. These features allow participants in a blockchain ecosystem to benefit from greater trust, greater transparency and reduced friction.
"On behalf of the BiTA members, I want to welcome Hassett Express to the Alliance," said BiTA president Chris Burruss. "As blockchain digitizes, decentralizes, protects and incentivises transaction validation, it will radically change the transport / logistics industry.With the contribution and assistance of companies such as Hassett Express, BiTA members will develop industry standards that will determine the use of blockchain in transportation for years to come. "
About Hassett Express
Hassett Express, LLC, is a leader in fixed-term transport and logistics solutions and accelerated. Being a WBE based in Chicago, Hassett's success for over 35 years is based on our commitment to our employees, our customers and our community. We focus on our strengths of industry experience, safe and reliable transportation and a high level of customer service, while supporting the changing needs of our customers through the implementation of new technologies and process. Hassett is a SmartWay transport partner certified both in logistics and as a carrier.
Founded in August 2017, BiTA has quickly become the largest commercial blockchain alliance in the world, with over 450 members generating a total of over $ 1 trillion in revenue every year. The members of the BiTA come mainly from the freight transport, logistics and transport sectors. Alliance members share a common mission to develop a regulatory framework, educate the market on blockchain applications and encourage the use of such applications.