How is Blockchain going to benefit the logistics industry? That’s a question Penske Logistics wants answered.
And that’s something that has caught the interest of the team at Penske Logistics in the U.S.
The company has just announced that it has entered the Blockchain in Transport Alliance (BiTA) as a corporate member.
“We’ve joined BiTA to take part in better understanding the benefits of blockchain for our customers and to be a part of crafting the standard framework in the development and implementation of blockchain technology,” – Andy Moses, Penske Logistics senior vice president of global products.
BiTA is a new organization formed less than a year ago and it provides a forum to promote and educate, while encouraging the development of blockchain applications, within the transportation industry.
Penske Logistics say they see potential blockchain benefits for its customers operating in the manufacturing, food, beverage sectors as well as other industries.
Benefits may be achieved by further digitizing and securing supply chain and logistics processes, improving order accuracy, as well as tracking physical assets like vehicles, trailers, trucks, or containers and securing freight bill pay and audit transactions across Penske’s extensive freight brokerage and dedicated carriage operations. – Penske Logistics
We will keep you updated with further details on this story as additional info comes to hand.