Wipro, a leading globally active IT, consulting and business process services company, has joined the Blockchain in Transport Alliance (BiTA) in a move it said is intended to “spearhead the development of blockchain standards and drive blockchain adoption in the transportation industry”.
A Blockchain can be described as a digitised ledger of records held securely but which can be accessed and added to by those within the community authorised to do so.
Formed in 2017, BiTA is an industry group dedicated to establishing blockchain standards for the freight industry. It offers a forum for the development of blockchain standards and education for the freight industry. The group provides a platform for the development of common frameworks and standards using which industry participants can build innovative blockchain applications.
According to Wipro, it intends to use this platform to help support the creation of platform-agnostic blockchain standards for the logistics industry.
Srini Pallia, president of the Consumer Business Unit at Wipro, observed: “Our membership with BiTA is reflective of our commitment to be an integral part of blockchain-driven transformation in the transportation industry.
“We will collaborate with BiTA and our customers to take a business use-case approach and leverage blockchain to solve complex new-age logistics and transportation issues.
“We also look forward to actively contributing to the standards for the use of blockchain in the transportation and logistics industry, and working closely with our global customers to bring these standards to action in their blockchain journey,” Pallia said.
Craig Fuller, BiTA’s managing director, added: “Our aim was to bring together leading companies operating in the freight technology industries that are interested in the development of blockchain technology.
“We look forward to working closely with Wipro’s blockchain experts to drive enterprise scale blockchain adoption for global transportation organisations, specifically around use cases such as supply chain traceability, trade finance, provenance, fraud detection and compliance management.
“Owing to Wipro’s strong domain and technology expertise, and dedicated focus on blockchain, we look forward to its support and contribution to define, design and develop blockchain standards definition for the transportation industry.”
Members of BiTA include truckload, Less-than-truckload (LTL) and parcel carriers, as well as shippers, tech start-ups, insurance companies, law firms and other industry participants who have an interest in integrating blockchain technology into their organisations.
It was confirmed in May that freight forwarding giant Panalpina had joined BiTA. Another big logistics leader, UPS, joined late last year, it was announced in November.
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