GE's Transport Arm Joins Blockchain Consortium

General Electric has joined a blockchain consortium through its transportation division.

GE Transportation announced last Thursday that it had joined the Blockchain in Transport Alliance (BiTA), which aims to develop standards around the tech's use in the cargo transportindustry. With the move, GE becomes the latest major firm to link up with the effort, joining a list that includes UPS, FedEx and the logistics arm of Chinese e-commerce company

In statements, the company said that it joined the group as part of an effort to study possible applications of blockchainto its operations.

"As GE Transportation extends its capabilities into the broader supply chain, we're connecting partners and customers at every node and across multiple modes," Laurie Tolson, GE Transportation's chief digital officer, said in a statement, adding:

"We look forward to bringing our applications to BiTA as we collectively seek to leverage the potential of blockchain across the industries we serve."

CoinDesk has previously reported on GE's publicly-acknowledged focus on blockchainby way of its intellectual property efforts.

Last year, the U.S. Patent and Trademark Office released five patent applications, allfiled in 2016, which each described a different blockchain application to aid in the streamlining of aircraft maintenance.

GE included an option to pay relevant parties using cryptocurrencies or some other blockchain-based system, as previously reported.

Truck driving image via Shutterstock

05.03.2018 / 20:35 71
Dubai To Release Blockchain-Based System To Track Vehicle Lifecycles Dubai To Release Blockchain-Based
Dubais Roads and Transport Authority has announced that it will launch a Blockchain-based initiative for tracking vehicles lifecycle for their
Coinbase Joins Blockchain Common App Jobs Initiative, Calls For Senior Engineers Coinbase Joins Blockchain Common App
Crypto exchange and wallet Coinbase is now involved in the Blockchain Common App jobs initiative, calling for senior engineers to work on BTC, ETH
Walmart To Implement Blockchain-Based Delivery System Walmart To Implement Blockchain-Based
Walmarts patent application on a Blockchain-based delivery device was released by the US Patent and Trademark Office (USPTO). The application of US to Track Beef Imports Using Blockchain Platform to Track Beef Imports Using
Chinese e-commerce giant has announced that it will roll out a blockchain platform to track imports of beef products from an overseas meat
ATM Giant Cardtronics Cites Crypto As Business Risk ATM Giant Cardtronics Cites Crypto As
The biggest operator of automated teller machines (ATMs) has joined the growing chorus of financial firms that are warning about the
South Korean Big Five Bank Completes Ripple Remittance Trial South Korean Big Five Bank Completes
Woori Bank, one of South Koreas biggest banks, has reportedly completed a successful overseas remittance trial enabled by the blockchain technology
Comments (0)
Add a comment
Comment on