KPMG LLP, one of the “Big Four” professional services firms, announced on Monday that it partnered with the Blockchain in Transport Alliance (BiTA) to contribute to the development of distributed ledger technology (DLT) standards in the transportation industry. According to BiTA members, the industry is now encountering challenges related to shipping practices, handling complex processes within smart warehouses, and dealing with business models.

DLT can address most of these tasks, but freight and technology businesses have to create a common foundation in order to standardize blockchain implementation. Today, companies operating in the transportation and freight industry are becoming more interconnected, but it is…

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