FedEx Joins Hedera Council, HBAR Surges 7% on Supply Chain Blockchain Move
FedEx Corp has become a governing member of the Hedera Council, marking a strategic push to digitize global supply chains using enterprise-grade blockchain technology. The logistics giant will actively participate in network governance while leveraging Hedera's public distributed ledger for real-time, trustless data verification across complex international shipments.
Hedera's native HBAR token rallied over 7% to $0.097 following the announcement, with market capitalization climbing to $4.19 billion. Institutional and retail interest resurged as the partnership demonstrates tangible enterprise adoption beyond speculative trading.
The collaboration targets inefficiencies in cross-border logistics—manual paperwork, jurisdictional fragmentation, and centralized verification systems. Hedera's DLT provides an Immutable audit trail for shipments while enabling multi-party transparency without intermediaries.