Railinc Joins Blockchain in Transport Alliance
CARY, N.C.—May 1, 2018—(James Street Media Services)—Railinc Corp. announced today that it has joined the Blockchain in Transport Alliance (BiTA), 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.
“Blockchain presents interesting opportunities for the freight rail industry,” said Railinc President and CEO Allen West. “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.”
BiTA 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.
Railinc is the railroad industry’s innovative and reliable resource for rail data, IT and information services. The company deploys data that helps railroads, rail equipment owners and other industry participants manage their businesses more effectively and efficiently. Railinc is the largest single source of real-time, accurate interline rail data for the North American railroad system. Located in Cary, N.C., Railinc is a wholly-owned subsidiary of the Association of American Railroads. For more information, please visit www.railinc.com.
About Blockchain in Transport Alliance
Founded in August 2017, the Blockchain in Transport Alliance (BiTA) is a forum for promotion, education, and encouragement to develop and adopt blockchain applications in the trucking, transportation, and logistics industry. BiTA’s goal is for members to participate, discuss, create, and adopt industry standard uses of blockchain applications and to provide clarity and direction for the development of blockchain technology in the trucking industry in a manner that will create efficiency, transparency, and foster trust. BiTA standards are intended to create a common framework to help organizations develop and adopt blockchain technology. For more information, visit www.bita.studio.
Director of Corporate Communications