Blockchain functions as a distributed ledger, wherein all members of a particular blockchain have access to all the data within it. By housing information with each member, altering the information within a blockchain is difficult, requiring 51% of the blockchain’s participants to approve the change.
Members of BiTA include trucker Schneider, FedEx and business software giant SAP.
“BNSF is one of the most important members of the North American transportation network, providing the backbone of American commerce. Their embracement of technology standards for the future of the industry will have a profound impact on the future of customer supply chains,” said Craig Fuller, managing director, BiTA.