APL Logistics has become the latest member of the Blockchain in Transport Alliance (BiTA).

Blockchain technology is promising to transform the supply chain and change how goods are transported from manufacturers to freight forwarders, and ultimately to the hands of consumers. Companies which were previously only competitors, will now have the opportunity to use this technology to communicate and share information without assuming security risks. BiTA, a neutral organization, provides the platform where all these discussions and inter-companies’ cooperation can occur.

APL Logistics is exploring the innovative uses of blockchain technology within the supply chain. “APL Logistics recognizes the importance and future value of blockchain,” said May Chew, the company’s chief information officer. “Our industry must be aligned to develop standards in order to get us all closer to reaping the benefits that can be experienced from this blockchain movement. As a participant in this alliance, we seek to bring value by leveraging our 170 years of shipping and logistics experience.”

“APL Logistics is working on a number of cutting edge blockchain pilots covering several aspects of the supply chain,” said Soeren Duvier, managing director of BiTA in Asia. “We see solid potential in growing our government and industry coverage also in Asia following APL Logistics addition to our increasing list of memberships.”