HCL Technologies joins Blockchain in Transportation Alliance

By OEM Update Editorial June 12, 2018 1:43 pm IST

Company develops software platform to enable rapid development and deployment of Blockchain applications

HCL Technologies has joined the Blockchain in Transportation Alliance (BiTA), an organisation dedicated to determining best practices and standards for Blockchain in the transportation industry. BiTA’s members include Descartes, Daimler, FedEx, SAP and Uber Freight among dozens of other global brands. HCL will bring its deep expertise in digital technologies to the Alliance and help develop Blockchain-based solutions for the Industry.

Blockchain is a technology that enables identifying and tracking transactions digitally and sharing this information across a distributed network of computers. For the transportation industry, Blockchain allows the ability to more effectively track goods and freight across the supply chain. 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.