LOS ANGELES – Aug. 7, 2018 –Omnichain Solutions (Omnichain),a supply chain technology startup that leverages the power of Blockchain,announces it has joined the Blockchain in Transport Alliance (BiTA).Composed of experienced tech and transportation organizations and executives,BiTA’s mission is to lead the development of Blockchain standards and educationthroughout the supply chain industry. It plans to open the dialogue and bringtogether thought leaders in Blockchain for supply chain.
On joining BiTA, Pratik Soni, co-founder and CEO, Omnichain, said, “Today’sglobal supply chain has struggled too long with disconnected operations, whichnot only lead to inefficiencies, but also hurt financial outcomes. But now, theindustry is starting to recognize the enormous potential that exists in aconnected digital value chain, making Blockchain a major buzzword amongdecision makers. Omnichain is excited to join BiTA in progressing thetechnology and educating organizations in how to move beyond the hype and makeBlockchain a real, beneficial tool for their businesses.”
Founded by supply chain and technology innovators, Pratik Soni and RayYoung, Omnichain was developed with the vision to connect fragmented, linearsupply chains with a digital record of all goods movement and inventory levelsfrom source to shelf. Omnichain’s patented solution uses Blockchain technologyto provide consumer packaged goods (CPG) brands, e-tailers and retailersseamless data flow from end to end. With real-time insight into online andstore-level demand, Omnichain’s clients can make proactive decisions inmanufacturing planning and replenishment, capture more sales and increasebusiness growth.
To learn more about the factors driving supply chain inefficiencies andhow holistic, supply chain management through Blockchain can help, visit www.omnichains.com.
Founded in August of 2017, BiTA promotes the development and adoption ofblockchain applications in the trucking, transportation and logisticsindustries, including establishing industry-wide standards. Members includetruckload, LTL, and parcel carriers, as well as shippers, tech startups andincumbents, insurance companies, law firms, and other industry participants whohave an interest in integrating blockchain technology into their organizations.Visit BiTA at https://bita.studio/.
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