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

Sat, 18/08/2018 - 8:45

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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Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.