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UPS Adopts Blockchain-based Technology to Tackle Delivery Problems

  • Alex Morris
    πŸ“° News

    UPS turns to the newfangled Blockchain technology in order to improve its logistics. The Blockchain will help to maximize delivery efficiency around the globe


UPS Adopts Blockchain-based Technology to Tackle Delivery Problems
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UPS turns to the newfangled Blockchain technology in order to improve its logistics. The US-based package delivery company is certain that the Blockchain will help to maximize delivery efficiency around the globe.

According to its USPTO application, the company has developed a decentralized application that is capable of automatically routing packets from several logistic services, thus standardizing delivery.

The century-old shipping giant is going even a tad further by planning to utilize smart contracts for different parties to conduct value transfers that allegedly could be conducted with Bitcoin or Ethereum.


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