INDIANAPOLIS – enVista, a leading global consulting and software solutions firm, today announces it has joined the Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards for blockchain in the transportation industry. BiTA’s members include Google, FourKites, FedEx, SAP and Uber Freight among dozens of other global brands. enVista will provide its deep expertise in providing global freight audit and payment visibility and end-to-end supply chain optimization.
According to BiTA, blockchain is a technology that enables identifying and tracking transactions digitally and sharing this information across a distributed network of computers. Blockchain will allow transportation and logistics companies to operate in a more seamless and transparent manner. It can also help to create new revenue streams and value for customers by enabling a system of completing transactions, tracking shipments, and managing fleets.
According to Chris Burruss, President of BiTA, “Blockchain can transform the supply chain by improving transparency and innovation. On behalf of the members of BiTA, I welcome enVista to the Alliance. enVista’s expertise in freight audit/payment and knowledge of the supply chain will help speed the development of blockchain standards.”
John Stitz, enVista Sr. Managing Partner, said, “enVista maintains a longstanding commitment to financial transparency and visibility within the freight payment space. It’s a logical step for our transportation experts to have a seat at the table when shaping best practices for blockchain as it becomes a key piece of supply chain technology.”
To provide greater transportation visibility to its clients, enVista launched its proprietary, cloud-based global freight audit and payment solution, myShipINFO®. myShipINFO® provides users with audit and pay freight bills for any mode of transportation to and from any location across the globe, in any currency or language, and turn that information into actionable intelligence for clients to improve end-to-end supply chain operations.
To learn more about enVista’s services and solutions, please visit www.envistacorp.com, or to learn what enVista’s thought leaders have to say about blockchain and its potential impact on the supply chain, read the recent blog entry – Blockchain 101 for Supply Chain and Logistics.
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 (USA); Sydney, Australia (Asia-Pacific Region) and London (European Region). For more information, please visit the BiTA website at www.bita.studio/.