HCL, a global technology company, announced on Tuesday that it was all set to incorporate blockchain by aligning itself with Blockchain in Transportation Alliance (BITA)- an organization which is known for incorporating blockchain in the transportation industry.
Chris Burruss, President of BiTA, said, “Blockchain technology will transform the supply chain by introducing greater transparency, innovation, and efficiency. We are fortunate to have member companies like HCL Technologies, who have experience with blockchain applications. They will be a key player in helping us develop blockchain standards in transportation.”
Apart from this alliance, HCL also on its own, developed CoTrust Blockchain Application Platform which would use key enterprise blockchain engine that would facilitate fast development and deployment of blockchain applications. The platform includes features such as “managed platform, end-to-end security, automated on-boarding, and structured APIs.”
Ajay Bahl, Executive Vice President and Head of Public Services and Manufacturing Business (North America) at HCL Technologies, said, “HCL’s partnership with BiTA, and working alongside other global industry leaders in transportation, logistics, and supply chain, will allow us to engage in the development of standards for how blockchain technology will be used in such transportation activities as track and trace, provenance, smart contract management, compliance management, and fraud detection. By helping to develop a common framework and standards through working with the industry participants, we will promote broad adoption of this disruptive digital technology for transportation and logistics.”
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