NASCENT, a technology solutions provider for the Intermodal Transportation industry, has joined the Blockchain in Transport Alliance (BiTA).
Founded in August of 2017, BiTA aims "to create a forum for the development of blockchain standards and education for the freight industry." Members include truckload, LTL, and parcel carriers, as well as shippers, tech startups and incumbents, insurance companies, law firms, and other industry participants who have an interest in integrating blockchain technology into their organizations.
"Nascent brings unique experience in technology development that will be invaluable to us as we work to build blockchain standards for the supply chain. I am pleased to welcome Nascent Technology to the BiTA family," said Chris Burruss, President of BiTA.
NASCENT expects blockchain technology to play a significant role in its architecture and on-going development as it plans its next wave of value-driven applications aimed at terminal automation and freight management.
"The promises of blockchain represent efficient solutions to the long-standing problems of trust and security in the digital world," said Sam Longetti, NASCENT's Software Director. "The highly-secure distributed ledger of blockchain enables the embedding of transactions, events, and contracts within digital code where they cannot be altered. Also, the 'peer-to-peer' contractual relationship reduces administrative overhead, making the resulting systems more efficient."
