FedEx has stepped into the world of Blockchain Technology by collaborating with Hyperledger. The American Courier Delivery Services giant has established this relationship to improve cross-industry blockchain technologies. Hyperledger is an open source project supported by the Linux Foundation. It enables organisations to build safe and secure blockchain based transfers between them.

During this event, Senior Vice President, Kevin Humphries of FedEx expressed his happiness. He said that the distributed ledger technology has a great future in supply chains, logistics and transportation.

Similarly, Hyperledger Executive Director, Brian Behlendorf also shared some of his thoughts. He stated that the technology is gaining recognition worldwide as mass adoption. Through it, open source frameworks will upgrade former business models.

In the recent years, FedEx has demonstrated a dedicated approach in adopting the distributed ledger technology. The companies like IBM, Intel, J.P. Mogan and many more are also in the same line.

In February, FedEx has also joined a focus group namely, Blockchain In Transport Alliance (BiTA). This group included rail operator, BNSF, JD Logistics and GE Transportation.

The main motive behind this collaboration was to securely improve transparency and security of shipping materials of FedEx. As Blockchain Technology can provide secure tracking mechanism from its origin, hence, it is a futuristic step by FedEx.