Blockchain in Transport Alliance (BiTA) Welcomes Chainstack to Improve Supply Chains
Chainstack Joins Blockchain in Transport Alliance (BiTA) To Improve Supply Chain Solutions
Billions of dollars have been spent funding Blockchain startups that aim to disrupt entire sectors of the global economy. Supply chain is one of them as blockchain promises to digitally identify and track transactions, contracts, and shipments, which make operations more transparent and reliable.
Chainstack, a multi-cloud and multi-protocol Platform as a Service that empowers businesses to rapidly build, deploy and manage decentralized networks and services, 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.
Chainstack is headquartered in Singapore and was incorporated in early 2017. It is headed by Eugene Aseev and Laurent Dedenis, industry veterans with global experience in building large-scale software platforms. Chainstack’s user-friendly interface and a rich set of APIs helps businesses to implement enterprise-grade decentralized networks and quickly progress from proof of concept to production on their use cases.
Using distributed ledger systems will improve customer experience and create new revenue streams by improving numerous processes, according to Chris Burrus, president of BiTA.
“Blockchain can transform the supply chain by improving transparency and innovation. We are pleased that Chainstack has joined the Alliance, and I believe its technology expertise will help BiTA develop and deploy blockchain standards.”
“The transport and supply chain management industries are being enhanced by blockchain-based solutions. The prospect of optimizing processes and cost is huge, and to realize the full potential of blockchain, industry players will need a platform like Chainstack that provides ease of use in deployment and flexibility in cloud and protocol choice,” said Laurent Dedenis, CEO of Chainstack.
Founded in August 2017, BiTA has swiftly expanded into the largest commercial blockchain alliance in the world, with more than 450 members that cumulatively produce over $1 trillion in revenue yearly. BiTA members are essentially 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).