Indian technology company, HCL Technologies, has joined the Blockchain in Transportation Alliance (BiTA), an organisation focused on best practice for blockchain in the transportation industry. Other members include Daimler, FedEx and SAP.
“Blockchain technology will transform the supply chain by introducing greater transparency, innovation, and efficiency,” says Chris Burruss, President at BiTA. “We are fortunate to have member companies like HCL Technologies, who have experience with blockchain applications. They will be a key player in helping us develop blockchain standards in transportation.”
“Our partnership with BiTA, and working alongside other global industry leaders in transportation, logistics, and supply chain, will allow us to engage in the development of standards for how blockchain technology will be used in such transportation activities as track and trace, provenance, smart contract management, compliance management, and fraud detection,” comments Ajay Bahl, Executive Vice President and Head of Public Services and Manufacturing Business (North America) at HCL Technologies. “By helping to develop a common framework and standards through working with the industry participants, we will promote broad adoption of this disruptive digital technology for transportation and logistics.”
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