Shipping Giant UPS Joins Blockchain in Trucking Alliance

Global shipping major UPS was accepted as member of the Blockchain in Trucking Alliance (BiTA) as of early November 2017. BiTA is a Blockchain consortium that is mainly focused on the trucking and shipping industry.

In its announcement, the consortium claimed that UPS will assist in the development of standards around the use of Blockchain in systems used to track or monitor packages, facilitate payments between shipping parties and other industry applications.

According to UPS director of enterprise architecture and innovation, Linda Weakland, there are several possible applications of Blockchain that the company plans to explore when it joined the consortium like improving the efficiency and transparency of shipping transactions…

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