Transflo Joins Blockchain in Trucking Alliance
Transflo is a leading name in the field of telematic solutions and business process automation in the transportation industry.
Transflo, by Pegasus TransTech, has become a top service provider for companies in the U.S. and Canada. The company has provided mobile and cloud-based technologies, digitizing hundreds of millions of documents a year and helping to improve cash flow at various organizations.
Transflo is continuing on their path to become one of the most advanced and cutting-edge names in the field, recently announcing their newfound membership in the Blockchain in Trucking Alliance (BiTA).
BiTA is an initiative designed to promote the blockchain and educate the trucking industry about the potential this technology offers. The goal of the organization is to spark discussion, and to help companies adopt blockchain technology in their standard operations. By creating a common framework designed for carriers to work within, BiTA can help speed up the adoption of this technology in the freight industry.
Transflo serves as a major asset to BiTA, as they have the unique position of helping companies update their communication and document-processing operations in a daily basis. Since the blockchain can provide benefits in these areas, the company’s membership in the alliance presents some interesting new possibilities.
Blockchain technology structures data in blocks, providing a ledger that offers transparency regarding transaction history among partners. The greater implications of this technology is that it can be useful in validating economic transactions, automating contract resolution, and streamlining many daily operations. Using the blockchain could save companies time and money by helping them achieve greater efficiency.
BiTA has been vocal about the need for industry wide support and standards to make sure all carriers can benefit from the blockchain. Transflo is one of the top names when it comes to digitizing trucking and helping newer technologies become the norm.
BiTA has a number of members, including carriers, tech companies, shippers, brokers, and more. As the blockchain becomes more common, organization and planning will become simpler. Once the tech is refined to a point, it may be able to replace many of the organizational tools, structures, and influencers in the industry today.