Most projects discussed up until this point were commercialized by one company (or start-up), which eventually can result in platform silos (without any compatibility with other blockchain-based SaaS application/platform vendors). In my view, most of these projects are making the same mistakes as we witnessed 10 years ago, when every company made custom solutions for each of their customers, instead of designing to industry standards or using standard applications that could be easily customized.
Today, this is something that most prominent leaders in the trucking industry are trying to prevent. In light of that, they have set up a consortium, called the Blockchain in Transport Alliance (BiTA). Founded in August 2017, the consortium is forging a path toward industry standards for blockchain use within the trucking industry. All companies within BiTA are working together to develop a standard framework, educating the market on blockchain applications and...