American courier delivery services giant FedEx has joined Hyperledger, an open-source project established to improve cross-industry blockchain technologies, according to a press release published September 26.
Hyperledger, which is hosted by the Linux Foundation, enables organizations to build blockchain-based industry-grade applications, platforms and hardware systems in the context of their individual business transactions.
In joining Hyperledger, FedEx has become one of over 270 members. Other member companies include IBM, Intel, Deutsche Boerse, and J.P. Morgan. Kevin Humphries, Senior Vice President, IT, FedEx Services said that blockchain technology has “big implications” for supply chains, logistics, and transportation.
In February, FedEx joined the Blockchain in Transport Alliance (BiTA), a focus group whose members include rail operator BNSF, JD Logistics, and GE transportation. BiTA aims to improve transparency and security in shipping with blockchain tech.
Hyperledger Executive Director Brian Behlendorf has previously stated that distributed ledger technology (DLT) will diminish the power of tech giants like Google, Facebook, and Amazon. In today’s press release he said:
“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 demonstrated a proactive approach to adopting blockchain technology. In May, FedEx CEO Fred Smith said he believes that blockchain is the “next frontier” for global supply chains. In July, the FedEx Institute of Technology partnered with pharmacy services company Good Shepherd Pharmacy to develop new blockchain-powered infrastructure to help cancer patients get medications.
from: https://cointelegraph.com/news/fedex-joins-hyperledger-blockchain-hub-big-implications-for-logistics
FedEx Joins Hyperledger in Blockchain Consortium’s Latest Expansion
Global shipping giant FedEx has just become one of the 14 newest members to join the Hyperledger consortium.
Hyperledger announced that FedEx, Honeywell International, as well as a number of crypto startups, have become the newest participants in its mission to to build blockchain platforms and applications for enterprises, according to a press release on Wednesday.
Executive director Brian Behlendorf noted in a statement that the group includes both established firms and startups, adding:
“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 previously joined a number of other blockchain consortia, including the Blockchain in Transport Alliance and the Blockchain Research Institute.
Chairman and CEO Fred Smith has touted the technology in public appearances, telling the audience at CoinDesk’s Consensus conference in May that it “has the potential to completely revolutionize what’s across the border.”
He touted the ability to track goods’ chain of custody using the technology, as well as the fact that such information can be made publicly available for customers.
from: https://www.coindesk.com/fedex-joins-hyperledger-in-blockchain-consortiums-latest-expansion/
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