2019-10-17 Meeting notes
- Marco Carvalho
Owned by Marco Carvalho
Date
Meeting Notes
Presentation from the President of the Blockchain in Transport Alliance (BiTA), Patrick Duffy.
- About BiTA
- Blockchain In Transport Alliance (BiTA)
- https://www.bita.studio/
- Founded in August 2017
- Global headquarters in Chattanooga, TN, USA
- Largest commercial blockchain alliance in the world
- members are primarily from the freight, transportation, logistics and affiliated industries
- 500 members, in over 25 countries that collectively generate over $1 trillion in revenue annually
- member-driven organization
- Develop industry standards
- Educating members and others on blockchain applications/solutions and distributed ledger technology (DLT)
- Thousands of companies have applied for membership.
- Digitization (i.e.. Digital transformation)
- Purpose
- Timeline
- Technology to start emerging start of next year (2020)
- Collaboration
- Working on smart contract specification
- BiTA Standards Council (BSC)
- Challenges
- GS1 vs BiTA
- Not looking to build applications, instead build out royalty standards to build the actual applications
- 40-50% container data will be of TradeLens
- IBM Food Trust includes over 200 participants
- Standards are helping to drive adoptions