Market Overview

Blockchain and Transport: XYO Network Joins BiTA

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The XYO Network's Location Technology Teams Up with the Freight
Industry's Leading Alliance to Shape Blockchain Standards for the Future

XYO Network, the people-powered location network that's bringing
blockchain to the real world, today announced it has joined the Blockchain
in Transport Alliance
(BiTA). Founded in August 2017, BiTA has grown
into the largest commercial blockchain alliance in the world, with 450
members, including Delta Cargo, FedEx, Google, Salesforce
and UPS, that collectively generate over $1 trillion in revenue
annually. BiTA is developing standards and education in blockchain
technologies for the freight, transportation and logistics industries.

XYO helps add location reliability data and best practices to blockchain
transportation standards. The XYO Network's technology means smart
contracts can access the real world by using its ecosystem to determine
whether and an object is at a specific XY coordinate at a specific time.

"The advent of blockchain is rapidly bringing innovation to the
commercial freight industry and XYO's partnership with BiTA will help us
identify insights, trends and real-world use cases for our
location-based verification technology," said Markus Levin, XYO's
Co-Founder.

A consortium of companies and organizations involved in freight,
transportation and logistics, BiTA is developing industry benchmarks for
blockchain, educating the market about blockchain, and advancing
blockchain technology and its applications within the supply chain.

"We are delighted to welcome XYO to the BiTA community," said Chris
Burruss
, president of BiTA. "Smart contracts that are executed and
arbitrated using blockchain have the potential to lower risk and costs
for both carriers and shippers. The XYO Network technology delivers
authentic, verifiable and trusted coordinates and data needed to execute
smart contracts and we look forward to engaging with them as we move
forward."

About BiTA

With interest in blockchain technology growing rapidly, there are an
increasing number of transportation and logistics blockchain pilot
projects worldwide. Within BiTA, members participate, discuss, create
and adopt industry standards that will be the basis for developing
blockchain applications. This is being accomplished through workgroups
staffed by members who work in various disciplines such as smart
contracts, freight payments, freight forwarding, insurance, banking,
asset management, transparency and numerous other ideas continuously
under development. The Alliance also provides educational opportunities
through webinars and other means to keep the industry engaged and
informed of blockchain use cases and technological changes. BiTA has
offices in Chattanooga, Tennessee, and Singapore. For more information,
please visit BiTA at www.bita.studio.

About XYO Network

XYO Network is a vast, geospatial, blockchain-powered location network
that provides accurate, certainty-driven location data on everything
from cars to smartphones. Using tracking devices created and sent out
into the world as well as by updating existing IoT devices and mobile
phones, the XYO Network ecosystem delivers the authentic, verifiable and
trusted coordinates and data needed to execute smart contracts, run
smart cities, foster financial transactions, and power a legion of
high-stakes, location-centric applications. XYO can deliver complex,
multi-layered, 3D-level location data from anywhere on the planet. For
more information about XYO, please visit www.xyo.network.

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