TradeLens is an open, neutral platform that includes data on half the world’s container cargo, CSX officials say.
“Joining TradeLens is a further demonstration of our commitment to providing customers with broader visibility and increasing our value as a provider of comprehensive supply chain solutions,” says Mark Wallace, CSX executive vice president of sales and marketing.
Blockchain networks bypass traditional financial institutions, distributing data which cannot be altered without awareness of the full network. They are increasingly being used in transportation and supply chain management.
The TradeLens network consists of more than a hundred organizations including shippers, carriers, ports, terminal operators, third-party logistics companies, and freight forwarders, according to TradeLens officials.
In 2018, BNSF was the first Class I railroad to join another network, the Blockchain in Transportation Alliance (BiTA), soon followed by Omnitrax as the first short line company to join.
All class I railroads, including CSX, are now part of BiTA, as is short line company Watco.
