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SINGAPORE, July 16, 2018. APL Logistics has joined the Blockchain in Transport Alliance (BiTA) in recognition of the technology’s ability to communicate and share information without assuming security risks.

APL LogisticsAPL Logistics says it is exploring the innovative uses of blockchain technology within the supply chain and BiTA provides the platform where all such discussions and inter-company cooperation can occur.

“APL Logistics recognizes the importance and future value of Blockchain. 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,” said APL Logistics CIO May Chew. “As a participant in this alliance, we seek to bring value by leveraging our 170 years of shipping and logistics experience," she added.

BiTA managing director Soeren Duvier noted: “APL Logistics represents a global leader in integrated logistics solutions working on a number of cutting-edge blockchain pilots covering several aspects of the supply chain and we are proud to have them as a member of BITA.”

APL Logistics designs and operates smart globally integrated supply chains. Officially incorporated in 1977, the company is a US$1.6 billion global supply chain services provider. In 2015 Kintetsu World Express purchased the company from Neptune Orient Lines for US$1.21 billion.

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