JACKSONVILLE, Fla., May 09, 2018 (GLOBE NEWSWIRE) -- Continuing its commitment to leveraging emerging technologies, the Florida East Coast (FEC) Railway has joined the Blockchain in Transport Alliance (BiTA).
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 will attend 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.
BiTA was formed by experienced tech and transportation executives to create a forum for the development of blockchain standards and education for the freight industry. Our goal is to bring together leading companies in the freight technology industries that have a vested interest in the development of blockchain technology.
About Florida East Coast Railway
Based in Jacksonville, The Florida East Coast Railway (FEC) is a Class II regional railroad that provides end-to-end intermodal and carload solutions to customers who demand cost-effective and premium quality transportation solutions. FEC Railway owns and operates the 351 miles of track from Jacksonville down to Miami. It is the exclusive rail provider for PortMiami, Port Everglades and Port of Palm Beach, and connects to the national railway system in Jacksonville.