JD.com has made up its mind to make the most of blockchain within Transport Alliance.
The company told the key purpose of that move was to share its knowledge as well as applications of blockchain technology with a slew of international freight businesses, including BiTA.
BiTA was founded for the purpose of working out and promoting blockchain solutions for global freight as well as logistics companies.
Founded in 2017 it’s the first China’s logistics enterprise to team up with the alliance, as follows from the announcement. The company told that it’s geared up to utilizing blockchain to optimize supply chains, communications and cross-border logistics and communications. It’s also believed to enhance collaboration on the tech in the sector.
The news emerged a day after FedEx, shipping firm had confessed it’s the member of BiTA.
Blockchain is being considered to be a potential means to ensure transparency, efficiency to say nothing of lower costs to the logistics sector.
By the way, in December last year NTT Data Corporation and Skuchain teamed up to create blockchain apps for supply chains.