ORBCOMM Inc. (Nasdaq:ORBC), a global provider of industrial Internet of Things (IoT) solutions, has announced that it has joined the Blockchain in Transport Alliance (BiTA), a forum for the development of blockchain standards, education and solutions for the freight industry founded in August 2017, the company said.
Leveraging its long-time expertise and leadership in developing IoT solutions for the transportation and logistics industry, ORBCOMM is the first telematics provider to be selected as a member of BiTA.
With ORBCOMM´s complete, integrated transportation solution offering for nearly all asset types visible in a single platform, the company is well positioned to play an integral role in driving the transition to shared distributed ledger technology to support logistics management, asset tracking, transaction processing, and more in the freight industry.
ORBCOMM will collaborate with BiTA´s members, including transportation service providers, shippers, OEMs, suppliers, vendors and insurance companies, to determine how to incorporate blockchain technology into the transportation supply chain, improving end-to-end visibility, streamlining manual paper operations, ensuring data integrity and security, enhancing communications, and optimizing efficiency.
ORBCOMM (Nasdaq:ORBC) is a global leader and innovator in the industrial Internet of Things, providing solutions that connect businesses to their assets to deliver increased visibility and operational efficiency. The company offers a broad set of asset monitoring and control solutions, including seamless satellite and cellular connectivity, unique hardware and powerful applications, all backed by end-to-end customer support, from installation to deployment to customer care. ORBCOMM has a diverse customer base including premier OEMs, solutions customers and channel partners spanning transportation, supply chain, warehousing and inventory, heavy equipment, maritime, natural resources, and government. For more information, visit www.orbcomm.com.