HCL Technologies has joined the Blockchain in Transportation Alliance (BiTA), an organization dedicated to determining best practices and standards for blockchain in the transportation industry.
BiTA’s members include Descartes, Daimler, FedEx, SAP and Uber Freight among dozens of other global brands. HCL will bring its deep expertise in digital technologies to the Alliance and help develop blockchain-based solutions for the Industry.
“Blockchain technology will transform the supply chain by introducing greater transparency, innovation, and efficiency,” said Chris Burruss, President, BiTA.
To further promote broad adoption of blockchain, HCL developed the CoTrust Blockchain Application Platform that uses key enterprise blockchain engines, leveraging their base capabilities to enable rapid development and deployment of Blockchain applications. The CoTrust Blockchain Application Platform offers services with key features, such as a managed platform, end-to-end security, automated on-boarding, and structured APIs.
“HCL’s partnership with BiTA, and working alongside other global industry leaders in transportation, logistics and supply chain, will allow us to engage in the development of standards for how blockchain technology will be used in such transportation activities as track and trace, provenance, smart contract management, compliance management, and fraud detection,” said Ajay Bahl, Executive Vice President and Head of Public Services and Manufacturing Business (North America) at HCL Technologies.
“By helping to develop a common framework and standards through working with the industry participants, we will promote broad adoption of this disruptive digital technology for transportation and logistics,” commented Bahl.
BiTA engages with the industry and provides educational resources to promote the potential benefits of Blockchain technology. Over 1,000 companies have applied for membership.