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Warren Buffett’s Railroad Company Joins Blockchain Transport

Stefan by Stefan
10/02/2018
in Blockchain News
Reading Time: 1 min read
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Warren Buffett is one of the smartest (and wealthiest) investors in the world. The US-based billionaire has influenced a lot of people about success. According to news, he is the newest member of the Blockchain in Transport Alliance (BITA) which is an organization comprised of 200-plus freight and logistic plays that will embrace the ledger technology in their industry.

What’s interesting is that Buffett has refrained from investing in Bitcoin or cryptocurrencies for ages – but is now backing the organization whose technology is blockchain which is the tech that underpins bitcoin.

Meanwhile, the blockchain technology continues its popularity in many sectors of the economy. From transportation to banking, there is a lot of new ground to be covered for blockchain – including the railroad owned by Warren Buffett which is now joining BiTA whose 200-plus members extend to many popular companies such as UPS and FedEx.

Speaking of which, FedEx has already developed some blockchain pivots underway with a big focus on customer service – and conflict resolution. The leading delivery service will provide greater transparency for the ‘millions of records’ that are inputted in its systems on a daily basis.

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As for rail, the distributed ledger technology is also important. According to many experts, blockchain will usher rail into the 21st century and develop standards for the logistics industry and the supply chain.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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