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2019-10-17 Meeting notes

2019-10-17 Meeting notes

Oct 18, 2019

Date

Oct 17, 2019

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