The logistics arm of JD.com, a Chinese retail and internet giant, has joined Blockchain in the Transport Association (BiTA).
In a statement made yesterday, the company stated that JD Logistics, He said that he joined the association to share knowledge and applications of Blockchain technology with other international shipping companies, including BiTA members UPS, FedEx, Penske and many more.
The announcement said that JD Logistics, which was established in 2017, is the first Chinese logistics company in the union.. The company said it plans to use Blockchain in cross-border logistics and communications in optimizing supply chains. It also added that it will help improve collaboration with technology in the industry.
News, shipping giant FedEx BiTA It came a day after it announced its membership.
Blockchain technology is increasingly seen as a potential tool to be used to bring efficiency, transparency and low cost to the logistics industry.
Last month Skuchain and NTT Data Corporation partnered to develop Blockchain applications for supply chains. The partners said they will seek to complete a system that combines blockchain with the internet of things (IoT) to help solve problems with traditional supply chain methods.
Global shipping giant Maersk is looking to increase collaboration among its competitors. He stated that his Blockchain work with IBM has been reversed. On January 16, the company told CoinDesk that it aims to help ensure transparency and ensure a smooth playing field among participants.
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