Blockchain technology is promising to transform the supply chain and change how one good is being transported from its manufacturer to freight forwarders, and ultimately to the hands of the end-consumer. Companies which were previously only competitors will now have the opportunity to use this technology to communicate and share information without assuming security risks. BiTA, a neutral organization, provides the platform where all these discussions and inter-companies’ cooperation can occur.
APL Logistics is exploring the innovative uses of blockchain technology within the supply chain. “APL Logistics recognizes the importance and future value of Blockchain. Our industry must be aligned to develop standards in order to get us all closer to reaping the benefits that can be experienced from this Blockchain movement. As a participant in this alliance, we seek to bring value by leveraging our 170 years of shipping and logistics experience.” said May Chew, CIO, APL Logistics.
“APL Logistics represents a global leader in integrated logistics solutions working on a number of cutting-edge blockchain pilots covering several aspects of the supply chain and we are proud to have them as a member of BITA,” said Soeren Duvier, Managing Director of BiTA. “It is also gratifying to see APL Logistics recognizing the value that BiTA brings to the global transport industry. We see solid potential in growing our government and industry coverage also in Asia following APL Logistics addition to our increasing list of memberships.