Today Reliance Partners, the fastest growing privately-held property and casualty insurance brokerage in the United States, announced its membership into the Blockchain in Transport Alliance (BiTA). Founded in 2009, Reliance Partners quickly became an industry leader in transportation and logistics insurance, and was recognized as the tenth fastest growing company in Tennessee. Reliance has added offices in Birmingham, Alabama, Buffalo, New York, Victoria, Texas, and Chicago, Illinois. Reliance’s executive team has deep experience in freight brokerage and logistics which they have leveraged to stay on the cutting edge of transportation risk management.
“Reliance Partners is excited to join BiTA and it will allow us to work even closer with many of our clientele, as blockchain will be a disruptive technology that will impact all areas of the supply chain,” said Chad Eichelberger, President and COO of Reliance Partners. “As an industry leader in the 3PL and truck insurance space, Reliance Partners recognizes the value of education and collaboration among other industry leaders in increasing transparency and developing standardizations that will benefit the entire industry in the years ahead,” said Eichelberger.
“Reliance’s leadership in the insurance space is a demonstration of their commitment to quality customer service and client empowerment. Risk mitigation is grounded in better transparency and information, and blockchain-powered data will help forward-thinking insurers identify preferred risk by shifting from underwriting whole fleets to underwriting individual drivers. The future of insurance and risk-management is grounded in transparency and data modeling. Reliance’s foundation around technology makes them a perfect fit for BiTA,” said Craig Fuller, BiTA Managing Director.
Founded in August 2017, the Blockchain in Transport Alliance (BiTA) 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 https://bita.studio/.