TAMPA, Fla., September 28, 2017 – Continuing to execute on its mission to redefine transportation technology, Transflo has joined the Blockchain in Trucking Alliance (BiTA) to develop technology standards, promote educational efforts, and implement blockchain capabilities in the trucking and freight shipment industry.
A leader in enterprise mobility, telematics, and business process automation for the transportation industry, Transflo is uniquely positioned to contribute insights and expertise from its category-defining software and extensive transaction base. The company is on track to facilitate more than $54 billion in freight bills, send 75 million mobile communications, and digitize nearly 500 million documents annually.
Blockchain is a type of technology that structures data in blocks that serve as a transparent activity ledger, documenting transaction history among parties. The technology can be used to manage and validate different types of economic transactions. Transflo’s innovation teams have been exploring use cases about blockchain and the company’s electronic logging, mobile, and imaging solutions. Industry standards may help them bring new solutions to market.
“Software and technology continue to accelerate change across the transportation sector,” stated Frank Adelman, Transflo President and Chief Executive Officer. “With the right standards and industry support, blockchain may dramatically improve data quality and transform the way the industry does business. The BiTA mission and membership are compelling, and we’re excited to be an early member.”
BiTA members include influential technology firms, carriers, shippers, brokers, and OEMs. Working together with other companies in the organization, Transflo will help drive innovation in transportation commerce. The consortium expects to tackle initiatives that encourage the use of blockchain applications that improve contract management, shipment optimization, and record keeping.
“Transflo’s unique mobile, ELD, and document footprint provide important representation to the Blockchain in Trucking Alliance,” offers Craig Fuller, Co-founder of BiTA. “They’re a credible leader with a history of digitizing trucking processes. That’s expertise needed in blockchain, and we’re pleased to welcome them as a new member.”