Hublock, a software solution based on data-sharing layer today announced it has joined the Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards relating to blockchain in the transportation/logistics/supply chain marketplace.
Hublock will apply its deep engineering knowledge and experience in logistics expertise to BiTA in order to help create blockchain solutions for the industry.
Blockchain helps transportation companies digitally identify and track transactions, contracts and shipments as part of a distributed ledger system, making operations more transparent and reliable. This can help organizations improve customer experiences and create new revenue streams by improving fleet management and other areas.
Finding new uses for blockchain in the transportation industry will fit in under Hublock’s focus on using data-sharing to solve industry issues. Data-sharing is Hublock’s approach to use data to create optimized solutions and automated workflows for logistics companies. Using technologies such as blockchain with machine learning to enhance business performance. As part of BiTA, Hublock will look for ways to leverage blockchain and data-sharing in areas such as supply chain management.
“For more than twenty years that I have been managing transport companies in several European countries and during that time I have encountered various problems in the logistics sector that force our clients to incur unnecessary expenses. These problems are often the result of an outdated IT technology that is not adapted to the needs of the market and in consequence prevents our clients from developing. Together with our partners from the logistics sector and our clients we want to use hublock to create a system that would enable the use of the latest IT solutions, such as blockchain, internet of things (IoT) and artificial intelligence (AI) so that the needs arising from the dynamically developing B2B and B2C market could, thanks to hublock, be integrated with existing IT solutions for the logistics sector, said Matthias Grimling, CEO & Founder, Hublock.io
About the Blockchain in Transport Alliance
Founded in August 2017, BiTA has quickly grown into the largest commercial blockchain alliance in the world, with more than 450 members that collectively generate over $1 trillion in revenue annually. BiTA members are primarily from the freight, transportation, logistics and affiliated industries. Alliance members share a common mission to develop a standards framework, educate the market on blockchain applications and encourage the use of those applications. BiTA has offices in Chattanooga, Tennessee, Singapore and London. For more information, please visit the BiTA website at www.bita.studio.
Hublock is a platform enabling effortless global real-time communication between all participants of logistical processes. Our software solutions allow to gather wide-range of data from external partners and logistics companies, allowing them to reduce costs and optimize own assets using automated workflow customized for each asset (milestone, stage, package, driver, warehouse).
At Hublock, we look deeper to help companies make data-based decisions. As a result, logistics companies are able to fully utilize vehicle space, eliminate empty runs, speed up the delivery process and solve the issue of undelivered parcels.
Hublock Europe locations – Hamburg (Germany), Cracow (Poland), Tallinn (Estonia)