FR8 Revolution, creators of the FR8Star.com marketplace for open deck carriers and shippers, announced today it is has joined the Blockchain in Trucking Alliance (BiTA), a forum for the development of blockchain technology standards.
BiTA (http://www.bita.studio) will build the first set of transportation industry-specific blockchain standards through engagement of the brightest minds from the most influential leaders in transportation. The alliance, which is the first of its kind, is focused on providing educational resources and open forums to companies that are dedicated to the evolution of the trucking industry through the efficiencies offered in blockchain technology.
“We look forward to collaborating with innovators in the trucking and transportation industry on creating a common framework for applications to digitally document secure transactions within a blockchain network,” said Matt Kropp, CEO of FR8Star. “Our company’s mission is certainly aligned with BiTA’s goal of providing greater clarity, transparency, speed and trust among supply chain stakeholders.”
FR8Star.com is the leading specialized transport marketplace for moving flatbed and oversize/overweight loads. The platform provides pricing estimates, optimal shipping routes and real-time freight tracking for shippers. FR8Star’s qualified open deck carriers bid on and are awarded high-value loads using the marketplace that also offers fuel advances and instant pay upon freight drop-off.
FR8Star will participate in the inaugural BiTA Executive Council Meeting on November 16, 2017 in Atlanta, GA.
The Blockchain in Trucking Alliance, founded in August 2017, 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 trucking 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.
FR8 Revolution develops cloud-based, data-driven tools that improve efficiencies, reduce costs and provide unparalleled transparency in the open deck freight transportation industry. The FR8Star.com marketplace enables shippers to move legal and oversize/overweight loads with reliable pricing estimates, optimal shipping routes and real-time freight tracking. Specialized open deck carriers can easily develop quotes and bid on high-value loads using a free freight rate calculator that factors all third-party expenses including state permit and escort costs. FR8Star eliminates unnecessary factoring fees to carriers by providing fuel advances at pickup and instant pay at drop-off.
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