Web3devs Joins BiTA – Blockchain in Transport Alliance

Memphis, Tennessee-based blockchain development shop joins other BiTA members to establish best practices and standards for blockchain in the transportation industry.

Web3devs joins BiTA

Memphis, TN based blockchain development shop joins other BiTA members to establish best practices and standards for blockchain in the transportation industry.

Web3devs LLC has joined the Blockchain in Transport Alliance (BiTA).

Web3devs LLC, a Memphis-based decentralized ledger technology development shop, announced that the company joined the Blockchain in Transport Alliance (BiTA), an organization comprised of logistics, transportation and supply chain companies. BiTA aims to develop best practices and industry-accepted standards for blockchain technology in the freight industry.

Blockchain is an open, distributed digital ledger that can record and share transactions between two or more parties efficiently, securely and permanently. Using a distributed ledger, Blockchain enables transportation companies to more accurately track shipments, routes and trucks while providing a highly secure platform that permits faster processing and payments. We are early in the mass adoption of blockchain technology. There are many industry standards to be developed and adopted.

“Web3devs is a valued citizen of the University of Memphis UMRF Research Park. Therefore, we congratulate it for joining BiTA,” said Ted Townsend, UMRF Research Park’s Chief Economic Development & Government Relations Officer. “Blockchain is one of the most exciting technologies developed in the past few decades. It will touch high-growth industries such as logistics, where the University’s research in this sector is nationally recognized.”

The majority of the Web3devs team works out of the University of Memphis UMRF Research Park. Web3devs is a decentralized team that began in 2017 with a WordPress plugin to allow anyone to write to the Ethereum blockchain. Since then, the team’s expertise has led to involvement in development projects, consulting work, speaking engagements and hackathons around the globe.

“Past blockchain projects have resulted in our [Web3devs] developers establishing best practices and frameworks. We are excited to join the BiTA community. Our Memphis roots have us identifying where we can help the logistics/supply chain industry adopt blockchain technology,” stated Scott Finney, co-founder of Web3devs.

Web3devs Joins BiTA

August 2019 Announcement

Additional BiTA members with a Memphis connection include FedEx, the University of Memphis, IMC Companies, LLC. and CTSI Global Logistics.

BiTA President Patrick Duffy said, “On behalf of the BiTA membership, I welcome Web3devs to BiTA. Its expertise in DLT will assist in the effort to develop standards for blockchain in the areas of transportation, logistics and supply chain.”

BiTA President Patrick Duffy and Scott Finney of Web3devs at Chicago BiTA Meetup

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About Web3devs LLC

Web3devs is a global blockchain development firm founded in 2017 by an experienced team of fintech, logistics, and security professionals. Web3devs strives to stay up-to-date on cutting edge blockchain technologies by actively contributing to open-source projects and physically attending (and routinely winning) hackathons around the world in order for them to create innovative, secure, and reliable blockchain-integrated applications.

About BiTA

Founded in August 2017, BiTA has quickly grown into the largest commercial blockchain alliance in the world, with nearly 500 members that collectively generate over $1 trillion in revenue annually. BiTA members are primarily from the freight, transportation, logistics and affiliated industries. Alliance members share a common mission to develop a standards framework, educate the market on blockchain applications and encourage the use of those applications. BiTA has offices in: Chattanooga, Tennessee (USA); Sydney, Australia (Asia-Pacific Region) and London (European Region). For more information, please visit www.bita.studio/.

About the University of Memphis

Founded in 1912, the University of Memphis is nationally recognized for its academic, research and athletic programs. The UofM educates more than 21,000 students and awards more than 4,000 degrees annually. The UofM is home to the Helen Hardin Honors College, the largest honors college in the state. Additionally, the FedEx Institute of Technology, based at the UofM, is a flagship global research initiative that partnered with the University to secure 19 technology patents in the last two years, including a record 10 in 2017. The prestigious Cecil C. Humphreys School of Law, which was listed as having the “Best Law School Facilities” in the nation, had a seven percent federal judicial clerkship rate for the Class of 2017, placing it among the top law schools in the United States. The UofM is also pleased to offer Tennessee’s only doctoral degree program in music through the Rudi E. Scheidt School of Music, which will be opening a new 40,000-square-foot music center. The Loewenberg College of Nursing, in its 52nd year, was nationally-recognized for diversity. As the largest Graduate School in the Mid-South, the UofM has 19 graduate programs ranked among the best in the nation by U.S. News & World Report while the publication ranked five UofM online programs nationally. The UofM Lambuth with its 57-acre, tree-filled, tranquil campus in Jackson, Tenn., was acquired in 2011. The University of Memphis has a close academic relationship with a number of Fortune 500 companies, including FedEx, St. Jude Children’s Research Hospital, AutoZone and International Paper, located in the City of Memphis.

About the University of Memphis UMRF Research Park

The University of Memphis UMRF Research Park, located in the heart of the University District, changes the conversation about what innovation means in Memphis. Bringing together a new generation of corporate citizens committed to research-driven growth and collaboration with the University of Memphis and its partners, UMRF Research Park is the first step in building the University District as a national center of technology innovation.

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