Cologne-based blockchain company Ubirch announced it has joined the Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards for blockchain in the transportation industry. BiTA’s members include Descartes, Daimler, FedEx and Uber Freight among dozens of other global brands. Ubirch will bring its deep expertise in cyber security technologies to the Alliance and help develop blockchain-based solutions for the Industry.
Ubirch is already working hand in hand with strong industry partners. Cooperation with Lufthansa Industry Solutions and mobile security specialist Giesecke & Devrient Mobile Security shows how logistics and supply chain can work together in the digital age. Blockchain in connection with the Internet of Things (IoT) enables tracking of condition, position and other data-points, directly from containers, ships, forklifts, AGVs or trucks, allowing for a data-driven aupply chain and parametric transport insurance that reacts immediately when something goes wrong. For example, using an air cargo container, Ubirch, together with Lufthansa Industry Solutions, demonstrate how this works with 5G, damage-detection on the Edge and secure data transmission.
Stephan Noller, CEO at Ubirch, said, “Ubirch’s partnership with BiTA, as well as working alongside other global industry leaders in transportation, logistics and supply chain, will allow us to engage in the development of security standards for how blockchain technology will be used in such transportation activities as track and trace, provenance, smart contract management and fraud detection. By helping to develop a common framework and standards by working with other industry participants, we will promote broad adoption of this disruptive digital technology for transportation and logistics.”
“Blockchain technology will transform the supply chain by introducing greater transparency, innovation and efficiency,” said…