Alex Morris

UPS Adopts Blockchain-based Technology to Tackle Delivery Problems

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.

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