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According to FreightWaves, as part of its commitment to BiTA, FedEx is working on establishing industry-wide standards for blockchain applications in logistics. The company is also testing various blockchain platforms to identify the most effective solutions for its operations.
Dale ChrysTIe, Vice President of Strategic Planning and Analysis at FedEx, mentioned that the company is part of the Blockchain Freight Alliance Standards Committee. They have initiated the "Storage Data Dispute Resolution" pilot program, which aims to use blockchain to create a permanent, tamper-proof record of data. This initiative seeks to reduce disputes between customers and FedEx by providing a transparent and secure way to track goods during transit.
In addition, FedEx is leveraging blockchain to store and manage logistics records. Dale explained: "Our system generates millions of records every day. We believe blockchain can offer a secure chain of custody, ultimately improving the entire logistics process. We see great potential in blockchain for the logistics sector, as it can simplify data interactions while maintaining high levels of security."
Kevin Humphries, Senior Vice President at FedEx, added that blockchain can help customers track their shipments more efficiently. Although FedEx is currently focusing on a limited number of use cases, he hopes that more practical applications will emerge in the future, further transforming the logistics industry through blockchain technology.
FedEx wants to develop a blockchain logistics industry standard has launched the "Storage Data Dispute Resolution" pilot project
FedEx, the global logistics leader, is actively incorporating blockchain technology into its daily operations. As a founding member of the Blockchain Freight Alliance (BiTA), the company has launched a pilot project aimed at exploring the potential of blockchain in enhancing transparency and efficiency within the supply chain.