NFI Joins Blockchain in Trucking Alliance (BiTA)
CHERRY HILL, N.J. (PRWEB) April 18, 2018 -- NFI, a leading supply chain solutions provider, recently became a member of the Blockchain in Transport Alliance (BiTA).
BiTA was established in August 2017 by experienced technology and transportation experts with the purpose of developing a platform for dialogue, building common standards, and promoting the education of blockchain technologies. Thousands of companies have applied for membership across the freight market landscape, including some of the largest providers in the supply chain industry.
As a leader of innovation in supply chain technology, NFI continues to expand various technological initiatives, including automation, robotics, and sophisticated transportation management systems. Through its membership with BiTA, NFI looks to further strengthen connectivity and collaboration with its partners.
“NFI offers a unique approach to technology, engineering, and transportation solutions, and we are excited to partner with BiTA,” said Gerard Darby, SVP and CIO at NFI. “Our company’s commitment to continuous improvement, particularly in regards to transparency, aligns with BiTA’s objectives to foster blockchain benefits like efficiency and visibility.”
“We believe blockchain may hold unlimited potential within the supply chain process to improve communication among customers, suppliers, carriers, financial institutions, and consumers,” said Anne Thomas, VP, Financial Systems and Business Processes. “Aside from creating visibility and trust between shippers and customers, it could also present operational benefits like reduction in delays and human error.”
With a comprehensive suite of supply chain solutions that spans dedicated transportation, distribution, transportation management, port drayage, intermodal, brokerage, global logistics, and commercial real estate, the importance of transparency across its services is continually growing. By joining BiTA and further exploring the potential of blockchain, NFI aims to enhance visibility and efficiency for its customers and partners.
“We are excited to welcome NFI to the BiTA family,” said Chris Burruss, President of BiTA. “NFI has consistently been ranked as one of the top logistics companies in North America. Their involvement in our blockchain standards work will be invaluable.”
Learn more about BiTA by visiting their website.
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About NFI -- NFI is a fully integrated North American supply chain solutions provider headquartered in Cherry Hill, N.J. Privately held by the Brown family since its inception in 1932, NFI generates nearly $2 billion in annual revenue and employs more than 10,000 associates. NFI owns facilities globally and operates 41.5 million square feet of warehouse and distribution space. Its dedicated and drayage fleet consists of over 4,000 tractors and 8,900 trailers. Its business lines include dedicated transportation, distribution, transportation management, port drayage, intermodal, brokerage, global logistics, and commercial real estate. For more information about NFI, visit http://www.nfiindustries.com or call 1-877-NFI-3777.
About Blockchain in Transport Alliance – Founded in August 2017, the Blockchain in Transport Alliance is a forum for promotion, education, and encouragement to develop and adopt blockchain applications in the trucking, transportation, and logistics industry. BiTA's goal is for members to participate, discuss, create, and adopt industry standard uses of blockchain applications and to provide clarity and direction for the development of blockchain technology in the transportation industry in a manner that will create efficiency, transparency, and foster trust. BiTA standards are intended to create a common framework to help organizations develop and adopt blockchain technology. For more information, visit http://www.bita.studio.
Lynn Del Vecchio, NFI Industries, http://www.nfiindustries.com, 856-470-9871, [email protected]
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