Many of its subsidiaries have been exploring blockchain options to enhance their business models.
How it’s using blockchain: As one of the largest publicly-traded companies in the world, Berkshire Hathaway has a presence in almost every sector, from real estate to batteries to insurance. Its subsidiaries have been exploring blockchain options to enhance their business models.
One of those subsidiaries, railroad company BNSF, recently became the first train-related company to join the Blockchain in Transport Alliance with the goal of establishing blockchain standards in vehicle maintenance, quality control and fraud prevention.
For more information regarding the Blockchain in Transport Alliance click here.
For more information regarding BNSF’s blockchain standards goal click here.
Gold and diamond company, Richline Group, partnered with IBM in an attempt to implement blockchain into their supply chain mechanisms. The Berkshire Hathaway subsidiary wants to track the origin of its jewelry to ensure that it is ethically sourced.
For more information click here.