LiteLink Technologies Inc. ("LiteLink Tech") (CSE :: LLT) (FRA: C0B) (litelinktech.com), a leading provider of enterprise blockchain solutions, announced today that it has joined Blockchain in the Transport Alliance (BiTA). BiTA was established to establish a set of standards and to instruct companies within the freight / transport / logistics / supply chain market. By becoming a member of BiTA, Litelink Tech gets the opportunity to join the unified office to promote and educate an entire industry on blockchain technology.
Blockchain technology allows you to identify and track transactions digitally and to share them on a distributed computer network. In the supply chain, blockchain allows participants to more effectively monitor goods and goods. Blockchain will allow transport and logistics companies to operate in a more transparent and transparent manner. It can also help create new revenue streams and customer value, enabling a transaction completion system, shipment tracking and fleet management.
Established in August 2017 by technology and transportation executives, BiTA educates and encourages the use of blockchain technology applications to the benefit of the entire freight transport industry and the customers it serves. The BiTA member community is made up of hundreds of companies known as UPS, FedEx and Salesforce. Each of these members believes that the blockchain is crucial to the next frontier of growth for the freight transport industry. Alliance members work collectively to develop a set of standards that will contribute to the supply chain revolution.
"We are honored to work in tandem with so many members with the same mindset who are trying to improve the logistics behind the freight industry and beyond," said Aslik Karim, CEO of LiteLink Tech. "Our blockchain work experience has allowed us to identify niche opportunities we are developing in anticipation of rapid industry progression over the coming months."
According to Chris Burruss, President of BiTA, "Blockchain has the potential to transform the supply chain by improving transparency and innovation, so in the name of joining the BiTA, I would like to welcome LiteLink Technologies Inc. to the # 39; Alliance.Its experience in blockchain applications will help BiTA develop and implement blockchain standards. "
The new affiliation with BiTA offers LiteLink Technologies the opportunity to join discussion boards in real time, collaborate on the future of blockchain technology and talk at events such as the BiTA Fall Symposium, held on November 14 at the Gaylord Texan Resort & Convention Center in Grapevine, Texas.
LiteLink Technologies is currently working to develop "1Shift Logistics", an end-to-end logistics management solution platform that targets the fragmented logistics market. This problem is therefore exacerbated by suppliers who use outdated legacy systems that require a manual labor force to complete simple and routine tasks. LiteLink has found a combination of blockchain and artificial intelligence that removes the controversy, adds security and analysis in real time to bring costs in terms of efficiency at the table.
LiteLink Technologies will present its cutting-edge technology to an audience of more than 1,000 decision makers in the freight transport sector in the MarketWaves18 FreightWaves event, which will be held shortly before the Bita Fall Symposium. Providing a live demonstration of the 1Shift platform will give early adopters in the freight sector the opportunity to see, touch and feel the 1Shift platform and testify to it at full speed. 1Shift will offer a real time tracking and transparency system for all transport intermediaries, as well as providing peer feedback and regulation. Based on real-time data availability, 1Shift users will be able to make tactical and strategic decisions to create a more efficient and streamlined supply chain.
About LiteLink Technologies Inc.
LiteLink Tech is a blockchain solutions provider that acquires and develops companies dedicated to improving the future of the blockchain. Leveraging a vast network of product development and digital media communities, LiteLink Tech builds and creates partnerships with blockchain technology startups that transform simple and innovative ideas into companies that charge the industry.
Information about Blockchain in Transport Alliance
BiTA has quickly become the largest commercial blockchain alliance in the world, with nearly 500 members generating a total of over $ 1 trillion in revenue each year. The members of the BiTA come mainly from the freight, transport, logistics and affiliation 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. The BiTA has offices in: Chattanooga, Tennessee (USA); Sydney, Australia (Asia-Pacific region) and London (European Region). For more information, visit the BiTA website at www.bita.studio/.