The blockchain technology to be used with FedEx Logistic Plans

Global Shipping company FedEx has started putting efforts to integrate the Blockchain-based platforms into its daily operations by joining the Blockchain in Transport Alliance (BiTA).

According to the reports, FedEx has started developing a set of industry standards for blockchain usage as part of the BiTA. The organization has already started testing some blockchain platforms.

Dale Chrystie, the Vice-President of strategic planner and analysis told, FedEx, which is part of BiTA’s standards board, launched a pilot programme using blockchain to store data for conflict analysis. The project aimed to build, the data which would be required for a permanent ledger to reduce conflicts between customers sending and receiving goods through FedEx. The organization also requires blockchain in order to store its records.

Dale Chrystie said:

“We have millions of records stored in our system, and we think blockchain is a secure chain of custody that could transform the logistics industry. We believe its promising and would streamline all that data exchange in a very secure way.”

FedEx Senior Vice President of IT, Kevin Humphries told that blockchain platforms will allow customers to track packages more efficiently, not only when they are in FedEx’s possession but also before and after the corporation chooses them up.

While FedEx has only described a few possible use cases so far, Humphries said he was “hopeful that blockchain will have many use cases.”