Chainstack, a multi-cloud and multi-protocol Platform as a Service that empowers businesses to rapidly build, deploy and manage decentralized networks and services, has joined the Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards relating to blockchain in the transportation/logistics/supply chain marketplace.
Blockchain helps companies digitally identify and track transactions, contracts and shipments as part of a distributed ledger system, making supply chain operations more transparent and reliable. This can help organizations improve customer experiences and create new revenue streams by improving numerous processes.
“Blockchain can transform the supply chain by improving transparency and innovation,” said Chris Burruss, President of BiTA. “We are pleased that Chainstack has joined the Alliance, and I believe its technology expertise will help BiTA develop and deploy blockchain standards.” Burruss also stated, “Blockchain technology has the potential to improve performance for every company within the industry, and more importantly improve the experience those companies provide their customers. Alliance members are working together towards this important goal.”
Chainstack joined BiTA in part to connect with companies deploying blockchain use cases in test or production. “The transport and supply chain management industries are being enhanced by blockchain-based solutions. The prospect of optimizing processes and cost is huge, and to realize the full potential of blockchain, industry players will need a platform like Chainstack that provides ease of use in deployment and flexibility in cloud and protocol choice,” stated Chainstack CEO Laurent Dedenis.
About Chainstack
Chainstack, an Acronis spin-out, is headquartered in Singapore and was incorporated in early 2017. It is headed by Eugene Aseev and Laurent Dedenis, industry veterans with global experience in building large-scale software platforms. Chainstack’s user-friendly interface and rich set of APIs helps businesses to implement enterprise-grade decentralized networks and quickly progress from proof of concept to production on their use cases.
Chainstack is making it simple and cost-effective for innovative businesses to leverage the potential of decentralized solutions. With interoperability, security, analytics, and a host of other enterprise-grade features only a click away on the platform, global business consortia can accelerate the development of transformative business processes and solutions.
About the Blockchain in Transport Alliance
Founded in August 2017, BiTA has quickly grown into the largest commercial blockchain alliance in the world, with more than 450 members that collectively generate over $1 trillion in revenue annually. BiTA members are primarily from the freight, transportation, logistics and affiliated industries. Alliance members share a common mission to develop a standards framework, educate the market on blockchain applications and encourage the use of those applications. BiTA has offices in: Chattanooga, Tennessee (USA); Sydney, Australia (Asia-Pacific Region) and London (European Region). For more information, please visit the BiTA website at www.bita.studio/.