Railinc Corp. announced that it has joined the Blockchain in Transport Alliance, a consortium of more than 250 transportation and logistics companies that is creating a forum for the development of blockchain technology standards and education for the freight industry. The alliance was formed in 2017 by experienced tech and transportation executives with the goal of bringing together leading companies in the freight technology industries that have a vested interest in the development of blockchain technology. BNSF Railway joined the alliance earlier this year.
Blockchain presents interesting opportunities for the freight rail industry. We’re excited to identify ways to add value to our industry as part of this innovative, forward-thinking group working to advance blockchain technology and its transportation and logistics applications.
– Allen West, President & CEO – Railinc
Railinc, a wholly owned subsidiary of the Association of American Railroads, provides data, information technology, and information services for the railroad industry. Kansas City Southern wants to utilize the potential of this technology to create transparency and efficiencies throughout the supply chain to better serve the interests of shippers and other partners.