Consortium seeks to advance technology and its transportation and logistics applications.
Norfolk Southern announced it has joined the Blockchain in Transport Alliance.
Founded last August, BiTA is 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.
A consortium of more than 250 transportation and logistics companies, BiTA seeks to cultivate a set of industry benchmarks, educate the market and advance blockchain technology and its transportation and logistics applications within the supply chain.
“Norfolk Southern’s membership with BiTA will help us identify opportunities where blockchain can be used to improve the transportation supply chain for our customers,” said Fred Ehlers, Norfolk Southern vice president of information technology and chief information officer.
Chris Burruss, president of BiTA, said, “Companies in all areas of the supply chain have joined forces to help us work toward common blockchain standards that will define the future of freight movement. Norfolk Southern brings a level of intermodal and rail expertise to the alliance that will benefit all members and the industry as a whole as we move toward a common framework.”
Norfolk Southern joins BiTa
