EPAM Joins Blockchain In Transport Alliance, The World's Largest Commercial Blockchain Association

Including solutions for transportation and logistics, EPAM identifies 21 real-world blockchain use cases across six industries that increase transparency and security and streamline critical business processes for its clients

NEWTOWN, Pennsylvania, Aug. 19, 2019 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software development services, today announced that it has joined the Blockchain in Transport Alliance (BiTA). BiTA is the largest commercial blockchain alliance in the world and develops blockchain best practices and standards in the transportation, logistics and supply chain industry. As one of BiTA's member organizations, EPAM will leverage its software engineering expertise to help the alliance drive standards and enable blockchain technology adoption.

"With all the buzz and hype in the market, some companies assume that blockchain is the ultimate be-all, end-all solution for any business challenge. At EPAM, we're working closely with our customers to help them truly understand how they can utilize distributed ledger technology, in combination with our other solution offerings, to increase efficiency and unlock new business models," said Jitin Agarwal, VP, Enterprise Products, EPAM. "With over 25 years of software engineering expertise, we've helped our customers through each wave of technology change, and we're excited to work with BiTA and other industry partners to help our clients navigate this emerging technology and realize the real business benefits of blockchain."

EPAM has identified 21 blockchain use cases across six industries, including agriculture, consumer packaged goods, manufacturing and retail, insurance, healthcare, life sciences and transportation and logistics. With over 30 engagements and 15 working prototypes, EPAM helps its customers create enterprise blockchain solutions from scratch and integrate enterprise IT ecosystems to external blockchains, resulting in increased traceability and greater customer trust and engagement.

"On behalf of the members of BiTA, I welcome EPAM Systems to the Alliance," said BiTA President Patrick Duffy. "EPAM's real-world blockchain expertise will be valuable as the organization moves forward in its development of additional standards for the global transportation marketplace."

To learn more about EPAM's blockchain expertise, visit www.epam.com/blockchain. Information about the Blockchain in Transport Alliance (BiTA) can be found at www.bita.studio.

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