Feb 05, · BNSF Railway Co, a unit of the billionaire's conglomerate Berkshire Hathaway Inc, The alliance is a group of more than companies examining how best to use the digital ledger technology behind bitcoin and other cryptocurrencies in the transport industry. The announcement also means that BNSF is now among the first North American railroad operators to start evaluating Bitcoin as a vehicle for driving transformation in the industry. The alliance is made up of some high profile companies such as United Parcel Service, . BNSF Railway Co, a unit of the billionaire's conglomerate Berkshire Hathaway Inc BRKa.N, on Monday said it has become the first major U.S. railroad to join the Blockchain in Transport Alliance.
Bnsf bitcoinWarren Buffett-Owned Railroad Joins Blockchain Transport Consortium
It may be the closest the billionaire investor ever gets to bitcoin. Worth, Texas, is the newest member of the Blockchain in Transport Alliance BiTA , which is comprised of plus freight and logistics plays that are interested in incorporating distributed ledger technology into their industry.
While blockchain is the tech that underpins bitcoin, Warren Buffett, who for ages refrained from investing in many high-tech companies in the equity markets until he was finally lured by IBM, has no intentions of going near cryptocurrencies. Meanwhile, blockchain technology continues to acquire more space across various sectors of the economy, including transportation. Incorporating the blockchain into logistics should reduce the number of conflicts, accelerate the process and bolster security, analysts suggest.
We are excited to help drive those standards forward as a member of BiTA. Learn how easy it is to become a BNSF customer. We will show you how to get a rate, ship, track and manage your account. Our consistent and cost-effective service takes products of any size to customers where they need them. You can rely on our best in-class services to deliver your goods in the most cost-effective manner. Holiday helpers deliver cheer when communities need it most Giving back to the communities in which we live and work is not new at BNSF, and the need is greater now more than ever.
This is who we are. Environment BNSF believes it is good business and good citizenship to minimize our impact on the planet. History BNSF is the result of more than railroad lines that merged or were acquired during our year history. Community Support BNSF strives to maintain strong relationships with the communities where our employees live. And this is how we help you.