GE Transportation, a global supplier of railway, mining, marine, drilling and power generation equipment , has announced its membership in the Blockchain in Transport Alliance (BiTA). Press release published on March 1st.

The professional association includes more than 230 participants, including UPS, FedEx, Penske Logistics and Warren Buffet's BNSF Railway, whose turnover exceeds $ 1 trillion, according to the blog's GE Transportation.

According to their website, BiTA was created in 2017 to implement and develop Blockchain technology in the transport and logistics industries.

Craig Fuller, General Manager of BiTA noted that GE Transportation has always been at the forefront of technology, "adding that the association is pleased that GE is an active participant" helping lead the executive blockchain for the industry ".

Chicago-based GE Transportation is a division of the US multinational conglomerate General Electric (GE). According to Monica Caldas, director of information at GE Transportation, an "industrial leader [d]" should first apply advanced technologies internally to boost productivity and then "apply that knowledge to customers. "

As reported by Cointelegraph in January 2018, the logistics industry employs the most people in the world. As the industry grows, it faces sustainable and efficient scaling problems, which Blockchain technology can be used to solve.