Thu26Apr201811:00 amMaggiano's Cumberland Mall
Blockchain in Freight - Why is it Important?
Michael Vincent, EVP Commercial Solutions at FreightWaves, will speak to us about Blockchain in Freight and why it's important.
Members of the Blockchain in Transit Alliance (BiTA) understand that blockchain isn’t just an industry disruptor, it’s technology that will revolutionize the way people do business. BiTA wants to usher in this change in a uniform way that will benefit the entire industry. All companies within BiTA share a unified mission of developing a standards framework, educating the market on blockchain applications, and encouraging the use of said applications through exemplary implementation. In addition to establishing market standards, the Organization is focused on engaging with the industry and providing educational resources to ensure the full potential of the benefits of blockchain technology is carried through. Blockchain offers the opportunity to solve for transparency and create efficiencies across the industry. BiTA standards will address smart contracts, freight payments, asset maintenance and ownership history, chain of custody of freight, and other issues facing the industry.
About Mr. Vincent:
Michael Vincent is the EVP Commercial Solutions at FreightWaves and Membership at Blockchain in Transport Alliance (BiTA), the freight industry's first advocacy organization devoted to the development of blockchain standards and education. Since its inception in August 2017, BiTA has over 350 active members and 1,700 applicants; membership is comprised of a consortium of technology enterprises, manufacturers, carriers, and logistics technology organizations committed to implementing blockchain technology in transportation.
Michael is a seasoned transportation executive having previously ran operations for the largest floor-coverings 3PL in the world. He had previous executive experience in logistics as EVP - Operations, Sales and Marketing at XGS, having worked in the container business with Tropical Shipping and Roadway Express.