The Blockchain in Transport Alliance (BiTA), an advocacy organisation that seeks to create standards for blockchain adoption in the transportation sector, now has Canadian Pacific (CP) as a new member. This was revealed in a press release on Wednesday, July 31.
Canada’s railway service, according to the press release, is very focused on using blockchain technology to make significant enhancements on supply chain technology. BiTA has also corroborated this, saying that the addition of CP will go a long way to sustain this technology and also promote interoperability.
According to Mike Redeker, CP’s Chief Information Officer and Vice President of Information Services:
“As part of BiTA, we look forward to creating opportunities and innovative solutions that benefit our customers and the broader supply chain. Joining the alliance is part of CP’s continued focus on developing and supporting technology throughout the supply chain.”
Blockchain Usage in Transportation
There are currently about 500 different organisations in BiTA including firms in freight, logistics and other closely related sectors. All these organisations, as part of BiTA, endorse blockchain as the future and the most effective way to make significant contributions to the industry also with a focus on interoperability, as earlier mentioned.
Back in July, collaboration between three companies used an interoperable blockchain platform to conduct a proof-of-concept (PoC) shipment from South Korea to the Netherlands. The companies were able to track the shipment solely through the platform. Called DELIVER, the service allows easy tracking and financing of shipments and was jointly developed by the three companies – Samsung SDS, ABN AMRO – a Dutch bank – and the Port of Rotterdam.