The multi-cloud storage and multi-protocol Platform Service Chainstack recently teamed up with the Blockchain in Transport Alliance (BiTA). Chainstack offers its service to empower business so that companies can build, deploy and manage the decentralized services and network rapidly. BiTA is an organization that determines the best standards and practices concerned with blockchain from the logistics, transportation and supply chain marketplace.
Industries and big organizations have lately been using blockchain technology to digitally track and identify transactions, shipments, and contracts. These operations work on the distributed ledger system (DLT) making the operations in the supply chain more reliable and transparent. It also improves customer experience and forms new streams of revenue by making improvements in numerous processes.
According to the President of BiTA, Chris Burruss, “Blockchain can transform the supply chain by improving transparency and innovation. We are pleased that Chainstack has joined the Alliance, and I believe its technology expertise will help BiTA develop and deploy blockchain standards.” The BiTA president further added that blockchain technology can improve the performance of all the companies in the industry and also bring a major improvement in the experience the companies provide to their customers. Burruss also stated that the alliance members are working together to fulfill this goal.
The multi-cloud storage platform of Chainstack and BiTA are collaborating to connect with companies that are deploying use cases of blockchain in production or test. The CEO of Chainstack Laurent Dedenis said that the transport and supply chain management industries are improving with the help of blockchain-enabled solutions, Freight Wavesreported.
The total of 450 members of BiTA collectively generates more than $1 trillion in revenue annually, which is why it is the largest commercially viable blockchain alliance worldwide. The primary aim of the members of the alliance is to educate the market from transportation, freight, affiliated industries, and logistics and come up with a standard framework.
Apart from the cloud-storage platform Chainstack, other big names that are associated with BiTa include FedEx, JD Logistics, Bridgestone Corp, GE transportation, United Parcel Service Inc., and SAP, the German heavyweight from the software industry, News BTCreported.
The post Chainstack Multi-Cloud Storage Platform Joins BiTA To Identify And Track Transactions Digitally appeared first on OWLT Market.
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