Logistics team unveils first global blockchain standard for transport sector

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An alliance of logistics professionals has formulated a global blockchain standard, amid increasing calls for regulatory alignment.

The Blockchain in Transport Alliance (Bita) Standards Council announced yesterday it had approved the first official standard and first framework for blockchain use in logistics.

The BiTA Standard 120-2019 Location Component Specification is Bita’s first data format specification, launched alongside The Tracking Data Framework Profile, developed to provide a roadmap for future data component development.

Chief executive of Omnichain Solutions Pratik Soni said: “The data standards ...