Corcentric, a provider of procurement and financial process automation solutions, announced it has joined Blockchain in Transport Alliance (BiTA), an organization that promotes the development and adoption of blockchain applications in the trucking, transportation and logistics industries.

Corcentric's membership will strategically position the company to invest in the pioneering blockchain technology with BiTA, officials said. As a leading industry provider of procurement and finance solutions that transform how companies purchase, pay and get paid, Corcentric will contribute to BiTA's mission to provide clarity and direction for the development of blockchain technology in the trucking industry in a manner that will create efficiency, transparency and foster trust.

"We are thrilled to join BiTA's extensive network of professionals in the trucking, transportation and logistics industry. Membership provides a platform to develop a dialogue around the adoption of blockchain for streamlining procurement and payment functions across the enterprise," said Matt Clark, President and Chief Operating Officer of Corcentric. "Blockchain enables enterprises to securely share value and data seamlessly across organizations. Applications of this technology intersect directly with our diverse P2P solutions offering – streamlining payments and creating an immutable record of ownership of assets."

This year, the company unified its AmeriQuest and Corcentric brands under the Corcentric name.