Axle Logistics is now one of the newest members of the Blockchain in Transport Alliance (BiTA). The Knoxville based third party logistics company continues to keep its eye on the future by staying ahead of industry trends and initiatives. The blockchain movement is no different for this innovative and forward-thinking organization.
New to many, Blockchain is a form of a technology that acts as a digital ledger recording data and transactions across multiple computers. Because this is stored at many locations, it functions more as a shared network where the blocks of data cannot be altered retroactively. The focus is to ensure information symmetry where transactional data is only accepted once an agreement is established. Once data has been verified, it is added to a block of information tied to the rest of the blocks in a series. This creates a “chain” of information.
BiTA was formed by experienced tech and transportation executives to create a forum for the development of blockchain standards and education for the supply chain industry. The goal is to bring together leading companies in the freight technology industries that have a vested interest in the development of blockchain technology.
By engaging a group of the most significant and experienced organizations throughout the transportation, technology and finance industries, BiTA is dedicated to building the first set of transportation specific blockchain standards while also providing an educational platform around the ever evolving blockchain technology.
Axle Logistics joins more than 90 leading logistics and transportation organizations who are partnered with BiTA.
About Axle Logistics
Axle Logistics is a non-asset based, third-party logistics (3PL) company with a focus on providing safe, reliable, advanced logistics services – Truckload, LTL, Intermodal, and Warehousing – to a wide variety of customers throughout the continental U.S., Canada and Mexico.
Axle Logistics was built with the overall vision of bringing a sense of comfort and convenience to an industry often filled with inefficiencies by providing specialized customer service and a unique overall philosophy and approach to logistics management.