UPS Adopts Blockchain-based Technology to Tackle Delivery Problems

  • Alex Dovbnya
    📰 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

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.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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