FedEx announces to join Hyperledger project

    2018/09/27 11:26 Joey huang Created with Sketch.
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Introduction On September 26, the US express delivery service giant FedEx has joined the Hyperledger project.

On September 26, the US express delivery service giant FedEx has joined the Hyperledger project.

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Launched by the Linux Foundation, the hyperledger project is an open source project designed to improve cross-industry blockchain technology. With Hyperledger, organizations can build blockchain-based industry-level applications, platforms, and hardware systems in their own business transactions.


Other member companies of Hyperledger include IBM, Intel, Deutsche Boerse, and J.P. Morgan. Kevin Humphries, senior vice president of IT Department at FedEx Services, said blockchain technology has a "significant impact" on supply chain, logistics and transportation.


In February of this year, FedEx joined the Blockchain Transportation Alliance (BiTA), which includes railway operators BNSF, JD Logistics and General Electric Transportation. BiTA aims to improve the transparency and safety of transportation through blockchain technology.


Brian Behlendorf, executive director of Hyperledger, believed that distributed ledger technology (DLT) would weaken the strength of tech giants such as Google, Facebook and Amazon. He said at a press conference:

"We are gaining traction around the world in market segments from finance to healthcare and government to logistics. This growth and diversity is a signal of the increasing recognition of the strategic value of enterprise blockchain and commitment to the adoption and development of open source frameworks to drive new business models."


FedEx has shown its proactive attitude in adopting blockchain technology. In May of this year, FedEx CEO Fred Smith stated he believes blockchain is the "next development direction" of the global supply chain. In July, the FedEx Institute of Technology partnered with Good Shepherd pharmacy, a pharmaceutical services company, to develop a new blockchain-based infrastructure to help cancer patients get medication.



    Adapted from: CoinTime Executive editor: Nino
Declaration:The purpose of COINTIME in carrying out more information does not mean endorsing its view or confirming its description. The article is for reference only, does not constitute investment proposal. Investors operate on the basis of risk.
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