Tennessee-based logistics solutions provider Kenco Logistics is the latest to join the Blockchain in Transport Alliance (BiTA).
Formed in August 2017, BiTA aims to promote the adoption, education, and development of a standard framework around blockchain in the freight industry. It counts over 200 freight transportation companies as its members which includes the likes of FedEx, SAP, UPS, Salesforce, and Schneider, among others.
“Blockchain is exciting but unfamiliar territory for the supply chain, lacking in industry-set standards. BiTA enables different players within the supply chain to convene and work together to create the necessary guidelines,” said Kristi Montgomery, vice president of innovation at Kenco Logistics. “We’re honored to be a part of BiTA and to play a crucial role in that process – which will be all the more impactful because it is being driven by the industry.”
Kenco is one the first third-party logistics providers to join the consortium. It said that it will serve as an industry voice to help guide and develop the standards needed for blockchain to drive the supply chain forward.
“In addition to developing blockchain standards, education will be a primary focus of the Blockchain in Transport Alliance and to do both effectively, we need engaged members and parties from all areas of the supply chain,” said Chris Burruss, President of BiTA. “Kenco Logistics fills these roles nicely and is a natural fit for BiTA. The services they offer, from real estate, to distribution and fulfillment services, and even IT applications, Kenco Logistics touches so many aspects of the supply chain that they will provide unique perspective and insight to the Alliance and its members.”
