Fleet Complete, a global commercial vehicle IoT solutions provider, has joined the recently formed Blockchain in Trucking Alliance (BiTA) as a service charter member.

BiTA aims to promote the adoption, education, and development of a standard framework around Blockchain in the trucking industry. Founding partners include McLeod Software, Triumph Business Capital, U.S. Xpress, Convoy, 10-4 Systems, and TransRisk, among others.

With its global expertise in telematics, mission-critical mobile resource management, and IoT communications, Fleet Complete said that it will join other members to enable the creation of governing principles for the blockchain's adoption in trucking. It said that it echoes BiTA's belief that blockchain is one of the biggest technological developments for the future of the freight transportation industry, delivering self-executing transactions to liberate accounting systems and create transparency for all parties involved.

"Joining BiTA was a natural decision for us," comments Tony Lourakis, CEO of Fleet Complete. "We are passionate about making complicated business operations simple and easy for our customers through innovative technologies and industry leading customer support. BiTA's goal to facilitate the adoption of Blockchain transactions in trucking coincides with our objectives. We believe our customers and partners will benefit from this collaboration, which will bring powerful fleet management innovations."

Founded in August 2017, BiTA will provide a platform to members to participate, discuss, create, and adopt industry standard uses of Blockchain applications, providing clarity and direction for the development of blockchain technology in the trucking industry in a manner that will create efficiency, transparency, and foster trust. It aims to build the first set of transportation industry-specific blockchain standards.

"We are thrilled that Fleet Complete has joined BiTA to help develop industry standards that global telematics and transportation technology companies will use for decades to come. Mobile IoT adoption of Blockchain standards is a major step in ushering in the world of self-executing smart contracts in the logistics and freight industries. Fleet Complete's leadership in the telematics space will help to set the market standard for Blockchain in trucking," states Craig Fuller, Co-Founder of BiTA.

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