Cryptocurrency
FedEx’s Smith Sees Blockchain as `Next Frontier’ for Logistics via @bloomberg
As reported by Bloomberg, “Convinced that blockchain is on the brink of transforming the package-delivery business, FedEx Corp. is testing the technology to track large, higher-value cargo. “’We’re quite confident that it has big, big implications in supply chain, transportation and logistics,’ Chief Executive Officer Fred Smith said at a blockchain conference in New York […]
As reported by Bloomberg, “Convinced that blockchain is on the brink of transforming the package-delivery business, FedEx Corp. is testing the technology to track large, higher-value cargo.
“’We’re quite confident that it has big, big implications in supply chain, transportation and logistics,’ Chief Executive Officer Fred Smith said at a blockchain conference in New York on Monday. ‘It’s the next frontier that’s going to completely change worldwide supply chains.’
“Blockchain uses computer code to record every step of a transaction and delivery in a permanent digital ledger, providing transparency. The ledger can’t be changed unless all involved agree, reducing common disputes over issues like time stamps, payments and damages.”