Is FedEx a blockchain company?

FedEx is a member of two permissioned blockchain groups, the Enterprise Ethereum Alliance as well as Hyperledger. Chrystie clarified that FedEx is technology agnostic. “Our customers are used to us providing them options and value, and we are certainly not going to paint them into a corner and say you must do the following.”

What is blockchain & how does it work?

With blockchain, every piece of information - from the exact GPS coordinates of the cacao tree, to the manufacturing facility, the logistics provider, and the retailer is digitized and recorded in an encrypted format, then saved in a single trusted source.

Is blockchain technology the future?

The arrival of the metaverse has only increased the significance of blockchain technology. Cryptocurrencies and non-fungible tokens (NFTs) continue to grow in popularity, enabling purchases and value storage in virtual reality. Blockchain, then, has been busy reinventing itself as essential tech of the future.

Can blockchain solve supply chain challenges?

Two of the largest U.S.-based shipping companies, UPS and FedEx, are making blockchain technology a priority in their efforts to solve supply chain challenges. Earlier this year, UPS filed a U.S. patent application, for which details were just recently made public.