FedEx Is Up For Hyperledger Blockchain Hub, Largely Impacting The Logistics

On September 27, a press release was published indicating that as a giant American courier delivery service, FedEx is now with Hyperledger, which an open-source project intended for improving blockchain technologies between industries.

Linux Foundation has been hosting Hyperledger to enable corporations to establish blockchain-based industry-grade applications, platforms, and hardware as implied by their own business transactions.

Now, Hyperledger has over 270 members, one of them being FedEx. Among other members are IBM, Intel, Deutsche Boerse, and J.P. Morgan. Kevin Humphries, Senior Vice President, IT, FedEx Services stated blockchain technology to have “big impacts” on supply chains, logistics, and transportation.

FedEx sticked to the Blockchain in Transport Alliance (BiTA), which a focus group with members including but not limited to BNSF, JD Logistics, and GE transportation in February. BiTA targets enhancing transparench and security for blockchain tech shipments.

Executive Director of Hyperledger, Brian Behlendorf has indicated before that when the ledger technology (DLT) is dispersed, this will weaken the tech giants such as Google, Facebook, and Amazon. He stated in today’s press release:

“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 proactively addressed the blockchain technology. As the FedEx CEO, Fred Smith, stated that he thinks the blockchain to be the next global frontier of the supply chains, in May. The FedEx Institute of Technology associated with Good Shepherd Pharmacy, which is a pharmacy services company, in order for developing a brand new blockchain-powered infrastructure intended for supporting cancer patients to get their medications, in July.

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