Warren Buffet: BNSF Railway Can Be Improved with Blockchain

BNSF Railway, owned by Buffett's Berkshire Group will use the blockchain in Transport Alliance along with over 200 other logistics companies
06 February 2018   479

Transportation industry sees benefits in the blockchain. At the moment, the alliance examines ways to use the blockchain in order to improve the maintenance, control quality and prevent fraud in the industry. The transport and logistics industries are examining blockchain technology to streamline and improve information flow and security.

Warren Buffet, who was an outspoken critic of cryptocurrency and blockchain in the past, believes that this technology has benefits, which will help to manage complicated logistics.

According to the alliance website, BNSF Railway will join market standards including FedEx Corp and United Parcel Service Inc, German software company SAP SE, Bridgestone Corp and some banks.

BNSF operates in 28 U.S. states and Canada and is among the largest of Berkshire’s business units. It generated $2.84 billion of profit in the first nine months of 2017. BNSF Railway is one of the most important transportation networks in North America that is why it is necessary to improve it with the help of fast-developing technology.

Warren Buffet hopes that BNSF Railway will attract more transport industries and inspire them to exam blockchain technology together.

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows
18 February 2019   46

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system. 
 

Craig Wright

"Satoshi"

Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.