Slync joins Blockchain in Transport Alliance
Slync, an enterprise blockchain platform for shippers, carriers and brokers, has joined the Blockchain in Transport Alliance (BiTA), the industry consortium for developing and promoting industry standards in blockchain use.
BiTA says its mission is to provide more clarity and education around blockchain applications and encourage its adoption through exemplary implementation.
“The freight and logistics industry is ripe for disruption with new technologies. Blockchain is one technology that will revolutionise the way the industry operates and create new value and efficiencies for all parties across the supply chain,” said Chris Kirchner, CEO and co-founder of Slync.
“The application of blockchain represents a significant milestone for the freight industry.
“The forum BiTA provides to collaborate with other industry leaders on performance expectations and implementation will be invaluable as we work to deliver more value for our customers and partners.”
Slync’s enterprise blockchain solution enables all partners in a supply chain to validate and manage transactions in a less expensive and more efficient way.
Using blockchain technology, Slync creates an immutable audit record of any series of events within a supply chain, specifically focused on domestic and international shipment transactions.
Other current BiTA members include UPS, FedEx, Schneider, Penske and SAP.