Lee NH, November 14, 2017 - Profit Tools (www.ProfitTools.net) the innovative leader in Intermodal Transportation Optimization Solutions, today announced that it has joined the Blockchain in Trucking Alliance (BiTA).
Founded in August 2017 by transportation and technology executives, BiTA was established to develop uniform blockchain standards and educational programs for the transportation and supply chain industries. Over four hundred companies have applied, including some of the largest logistics, 3PL, and technology companies. Member companies will collaborate to create standards and influence how blockchain applications will be used in the transportation industry.
At a high level, blockchain technology creates a transparent and immutable ledger, digitally documenting the transaction history between all parties involved in the blockchain. The information is stored as a shared, continually evolving database. Blockchain technology is decentralized and secure, promoting trust between all parties involved in virtual interactions.
As it relates to the transportation industry, blockchain supports real-time, transparent information sharing between shippers, carriers, brokers, vendors, and more. From updating tracking information to expediting payments and contracts, blockchain creates a smarter and more connected supply chain.
“For over 20 years, Profit Tools has delivered innovative technology to help carriers automate and grow their businesses,” said Brian Widell, Founder and CEO, Profit Tools. “Blockchain, artificial intelligence and other new technologies will enable higher levels of operational efficiency and profitability. We are thrilled to join this group of industry leaders and help make blockchain technology successful in the transportation industry.”
You can learn more about BiTA, their standards, and how to get involved here.
For more information on Profit Tools, visit www.ProfitTools.net.
About Profit Tools
Profit Tools is an innovative, award-winning provider of artificial intelligence powered Intermodal Transportation Optimization Solutions. Leading intermodal trucking companies rely on Profit Tools software every day to streamline operations, increase profit and gain a competitive advantage. Profit Tools enables intermodal trucking companies to automate operations, dispatch, billing and customer service and build their brokerage business.
Recently, Profit Tools was named one of the Top 10 Transportation Management Solution Providers by Logistics Tech Outlook and is also a winner of the TMT News Technology Award. Profit Tools continues its success in delivering the best intermodal software by listening to customers and proactively developing solutions that help improve their bottom line, while delivering industry-leading customer service. For more information about Profit Tools, visit www.ProfitTools.net or call 603.659.3822.