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   104

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.

Swansea Hosts Blockchain and Distributed Energy Conference

The BEW'18, which will be held on February 19, 2018 in Swansea, UK, is a must-attend for people who are interested in the cutting edge of blockchain
19 February 2018   238

The Blockchain Energy Wales'18 Conference will be held on February 19, 2018 in Swansea, United Kingdom.

The conference will introduce Klenergy and their Pylon Network, which is a decentralised energy exchange platform powered by renewable energy. The BEW'18 is a must-attend for people who are interested in the cutting edge of blockchain, distributed energy, peer2peer and smart technology.

BEW conference location swanseaBEW'18 Exact Location

Location: TechHub Swansea, 221 Stryd Fawr, Swansea SA1 1NW, UK
Time: from 9AM to 1.30PM

The headline speakers include Paul Harwood, Basicincome supporter and advocate, and David Clubb, director of RUKCymru and head of digital RenewableUK.

The agenda of the conference is as follows: Blockchain technology and its application in the energy sector, future of blockchain wallet systems, buildings as power stations, building the open-source co-operation protocol for the energy sector, and more.