ORBCOMM, a global provider of industrial Internet of Things (IoT) technology, has joined the Blockchain in Transport Alliance (BiTA), a forum for the development of blockchain standards, education and solutions for the freight industry founded in August 2017.
As the first telematics provider to be selected as a member of BiTA, ORBCOMM’s is well positioned to play an integral role in driving the transition to shared distributed ledger technology to support logistics management, asset tracking, transaction processing, and more in the freight industry.
ORBCOMM will collaborate with BiTA’s members, including transportation service providers, shippers, OEMs, suppliers, vendors and insurance companies to determine how to incorporate blockchain technology into the transportation supply chain.
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Chris Burruss, President of BiTA, said: “We believe ORBCOMM will be a key contributor and resource for BiTA given its history as an innovator and leader in delivering transformative technology to the transportation and logistics industry.
“We look forward to working with ORBCOMM to develop and embrace standards addressing interoperability and compatibility between solutions used across the supply chain.”
Marc Eisenberg, ORBCOMM’s Chief Executive Officer, said: “We are pleased to be the first telematics provider to join BiTA, which we see as a great opportunity to drive the development of blockchain solutions that create further efficiency, transparency and security across the transportation supply chain.
“We are committed to providing our customers with the industry’s most complete, integrated transportation solution offering, and leveraging shared ledger technology is an important next step in making the freight business easier, more seamless and secure across multiple platforms and touchpoints.”