In a new book, Train Company founder and CEO Jeff Smith shares his thoughts on the future of train travel.
Smith said the company, which was once synonymous with the use of trains in the U.S., will no longer need to operate trains that run on rails, which have fallen out of favor in recent years.
“We’ll be able to get through to more people faster, so the demand is going to be lower,” Smith said.
Smith is confident in his company’s future, but the company’s business has become so diversified and expensive that the company will have to look at more ways to make money.
In a report released on Thursday, Train company said it will use blockchain technology to automate all of its processes, including the procurement of freight, and it will be adding more companies to its roster.
Smith called the move a “game changer” for the railroad industry, but he said it also has implications for other industries.
“If you think about it, there are some of the world’s biggest companies,” Smith told Vice.
“You could potentially make more money doing things like, for example, the manufacturing of high-tech components.
Or you could use that to make more trains.”