Continuing its commitment to leveraging emerging technologies, the Florida East Coast Railway has joined the Blockchain in Transport Alliance.
BiTA was formed to develop and adopt a set of industry standards for blockchain applications within the trucking, transportation, and logistics industries. Founded in August 2017, BiTA’s goal is to provide clarity and direction for members in order to encourage widespread adoption of blockchain technology within the industry.
“We are proud to be among the early members of the alliance, particularly among railroads,” said Lester Hightower, FEC’s chief information officer. “Developing common industry standards is imperative if we are to take advantage of the potential benefits that blockchain applications might provide.”
FEC Railway joined the alliance in April 2018, along with other leading transportation providers like BNSF, Union Pacific, Schneider FedEx, among others.
In May, Hightower and other transportation executives attended the BiTA spring symposium to begin building the standards and framework for the alliance. “Collaborating with transportation and technology thought leaders will help our industry better serve its customers, and I look forward to the learnings that the BiTA spring symposium is sure to bring,” Hightower said.
