UPS member of the BITA Blockchain?

The BITA consortium, focused mainly on the road and marine transport industry, has accepted the giant UPS as a member of its Blockchain?.

This transport blockchain? will help develop standards to track and monitor parcels as well as facilitate payments.

UPS's director of innovation, Linda Weakland, said it would allow the company to improve the efficiency and transparency of marine transactions.

"The technology has the potential to increase transparency and efficiency among shippers, carriers, brokers, consumers, suppliers and other players in the supply chain."

Another area explored by UPS is customs brokerage. The new technology would eliminate paper processes and replace them with a platform used by both customers and partners.

What is BITA?

BITA debuted in August 2017 to use Blockchain? technology in transportation.

One of the co-founders, Craig Fuller, said:

"We formed the Blockchain? Trucking Alliance to develop common standards around Blockchain? applications in the trucking industry, from speeding transactions to securing data transfers. Technology is very promising, but to encourage its proliferation, we believe that the development of industry standards was paramount. UPS Logistics brings in-depth industry experience and comprehensive logistics knowledge to help our industry innovate with integrity with this new technology. "