Canadian Pacific has joined the Blockchain in Transport Alliance (BiTA). In joining the alliance, CP is supporting BiTA’s mission of producing blockchain standards that allow for interoperability between participants in the global supply chain.
Blockchain in Transport Alliance
Add Norfolk Southern to the growing list of railroads that have joined the Blockchain in Transport Alliance. BiTA, founded in August 2017, is described as “the transportation and logistics industry’s leading trade association for developing standards and education in blockchain technologies, a field focused on the peer-to-peer recording of transactions through use of cryptography and distributed ledgers.”
An increasing number of rail-related companies are joining an initiative to develop secure digital transactions.
Add two more rail companies to the industry group promoting blockchain transaction technology.
BNSF Railway Company announced it recently became the first Class I railroad to join the Blockchain in Transport Alliance (BiTA), comprising more than 200 freight transportation companies working to develop blockchain standards for the logistics industry and the supply chain as a whole.