Morpheus.Network joins Fedex, UPS, SAP, Salesforce and more in the Blockchain in Transport Alliance!
The Morpheus Network was designed in consultation with some of the world’s largest shipping, customs & banking firms to create a full-service, global, automated, supply chain platform with an integrated cryptocurrency payment system utilizing blockchain technology.
Morpheus.Network is pleased and excited to announce that we have joined the Blockchain in Transport Alliance!
What is Blockchain in Transport Alliance (BiTA)?
BiTA is a consortium of the foremost leaders in the freight industry forging a path towards industry standards in blockchain use. Their goal is to bring together leading companies in the freight technology industries that have a vested interest in the development of blockchain technology.
Rather than viewing blockchain technology as a disruptive force in global trade, BiTA aims to harmonize the industry — allowing members to work together in building standards that unify, educate, and create action.
What companies are part of BiTA?
The alliance brings together dozens of leading freight and logistics companies, with a singular goal of building a common framework that innovates and unifies the transport industry with blockchain. BiTA includes major industry leaders: FedEx, UPS, Salesforce, JD Logistics, Penske, and more. You can view the complete list of members here.
How will BiTA improve global trade?
Blockchain is considered global trade’s best bet for innovation. From providing even better improvements to vehicle maintenance and quality assurance, to minimizing fraud and theft in payments, applying blockchain to logistics requires a collaborative set of standards. BiTA aims to create a set of standards to improve smart contracts, freight payments, asset maintenance and ownership history, chain of custody of freight, and other critical areas across the industry.
How will the Morpheus.Network bring innovation to the transport industry?
As one of the newest members to join BiTA, the team at the Morpheus.Network is excited to work alongside our partners in developing a framework that will allow our supply chain platform to be built with industry standards from the ground up.
By joining BiTA, we’ve positioned ourselves even closer to succeeding with our goal to provide modern solutions to the inefficiencies in the supply chain industry. This also allows our team, as well as the users of our platform, the opportunity to voice their thoughts as we aim to make significant changes to the industry as a whole.
Becoming a part of BiTA also provides reassurance to upcoming Token Sale investors that we are committed to our goals and the roadmap ahead. Your belief in our quest to improve global trade is what truly motivates us.
You can learn more about the Blockchain in Transport Alliance here.
We look forward to working closely with other members to help lead, develop and embrace a common framework and standards as well as promote blockchain technologies in the logistics industry.