FedEx Will be Incorporating Blockchain Technology

FedEx will be another company that will be incorporating blockchain technology to their operations. They will be joining forces with the Blockchain in Transport Alliance (BITA). BITA specializes in shipments, freight, and operations of companies that use blockchain technology. FedEx is looking to incorporate the logisitcs and technology throughout their whole operations. BITA is usually the go-to for shipment companies, as they deal with high-profile companies. FedEx is already testing some of technology out and they are looking to focus on dispute resolution. The technology will provide faster updates for consumers and will be transparent. The freight industry is the perfect candidate for blockchain technology, as a decentralized ledger would highly lower costs for these companies. With this technology there would be quicker turnarounds and higher efficiency. Fedex wants to ensure they know everything about the technology before they actually launch it.

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