November 6, 2017 1:15 PM, EST

GlobalTranz Joins Blockchain in Trucking Alliance

GlobalTranz Enterprises Inc. has joined the Blockchain in Trucking Alliance, a group of industry executives and companies dedicated to developing and promoting blockchain technology standards in the logistics and trucking industry.

“Developing standard transactions using blockchain technology within our industry has potentially the same positive impact as that of X-12 EDI, EDIFACT and other standards used today. By joining BiTA, we hope to work with others in the alliance to produce blockchain applications that can become an industrywide standard leading to improve partner relations,” GlobalTranz Chief Technology Officer Greg Carter said in a statement.

At a basic level, blockchain technology is an open, distributed ledger or database that digitally records the transaction history between parties. In transportation, blockchain can create a more connected and efficient supply chain by enabling real-time information sharing between shippers, carriers, brokers and more, according to the company.

GlobalTranz is a freight management solution provider based in Phoenix.