New Blockchain Standard Will Improve Supply Chain Efficiency

Omnichain Solutions in the News: The Blockchain in Transport Alliance (BiTA) Standards Council board has approved its first official standard to improve supply chain efficiency.

“The data standards published provide the initial framework for interoperability across a currently fragmented and siloed ecosystem that reaches across many different enterprises, systems and various protocols,” says Pratik Soni, CEO of Omnichain Solutions and the chair of the Location Data Component Working Group.

Previously, there had been no consensus on the framework over how applications could be built. Companies were using their different perspectives on what tracking and visibility entails.

The alliance plans to work together to create a common global language for supply chain businesses that will help drive efficiencies and increase machine-to-machine processes.

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