XYO Network and BiTA: Defining the future of freight

The commercial freight industry of the future can be described in one word: Connected. As cargo makes its way across the world, vehicles — from trucks to drones to railroad cars — will “talk” to each other, exchange data, and even conduct financial transactions, with or without the guidance of humans.

We know this massive, efficient, inter-connected megasystem of freight and transportation is more than possible. But we’re still (literally) figuring out the logistics.

The Blockchain in Transport Alliance (BiTA) is fleshing out the rules, protocols and standards of how freight and blockchain will play together, and SAP, UPS and FedEX are just a few of the alliance’s 445 members in 23 countries.

Now they can count one more: XYO Network.

With our blockchain location network, we plan on delivering the location data that helps BiTA create blockchain standards for commercial transport.When a vehicle needs to reach a certain spot in its journey to kick off a provision in a smart contract, XYO data can provide the unimpeachable location verification.

No one knows exactly how autonomous the freight industry will be in the future. But whether we’re talking about massive trucks driven by humans or 747-sized drones guided through the skies by AI, blockchain and XYO will create a handy, trusted location foundation.