2019-10-17 Meeting notes

Owned by Marco Carvalho
Last updated: Oct 18, 2019

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