Bourque Logistics begins blockchain project
Bourque Logistics, the leader in rail logistics systems for more than 29 years, has announced its first blockchain project to explore the application of this new technology for its rail shipper clients.
Using digitised shipping file formats called rblocks, RAILChain™ will allow shipping parties to securely exchange bill of lading information, as well as settle freight, repair, and lease costs using smart contract technology.
RAILChain™ will be initially developed using the Ethereum platform with a design to seamlessly interchange with other platforms, as blockchain technology continues to evolve. RAILChain™ will serve as a highly secure network link between shippers using the Bourque suite of rail applications, including RAILTRAC®, RateServer®, RAILAcct®, and their rail trading partners – consignees, railroads, lessors, and repair shops.
Several Bourque shipper clients have expressed interest in blockchain technology due to the prospect of efficient and secure distribution of rail shipment status and cost information. These shippers will be the first participants in a proof of concept which will provide shared and secure visibility of the rail supply chain.
Bourque Logistics President, Steve Bourque said: “We are excited to investigate this new technology on behalf of our clients. By working now to make our rail operations and freight payment systems blockchain compatible, our clients will have options to benefit from this technology as it matures and is adopted within the rail industry.”
The RAILChain™ project builds upon previous design elements of NaviChain™, a blockchain network designed for international, intermodal chemical shipments by Tank and Container Management Systems, LLC (TCMS), a partner of Bourque Logistics.
Bourque Logistics has automated rail shipment processes for shippers since 1989 with RAILTRAC®, YardMaster®, RateServer®, and other tools addressing all facets of rail shippers’ needs and integrates seamlessly with their ERP systems.
For more information visit www.bourquelogistics.com
22nd Jan 2018
