Will UPS Use Blockchain Technology for Shipment Tracking?
Blockchain technology has been tapped for several practical applications these days, spanning from creating secure databases to facilitating trade settlement. Word through the grapevine is that international shipping company UPS is also looking into the potential uses of the blockchain in its own operations. Blockchain refers to the distributed public ledger of bitcoin transactions, which are updated and verified by a network of computers solving complex algorithms. The entries are considered anonymous and immutable, as these aren't typically associated with personal identities and it....
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Blockchain technology is a platform that allows an unlimited amount of technological innovations to take place in the next few decades. While most of that focus is currently aimed at the financial sector, blockchain technology could start having an impact on our daily lives very soon. Imagine a world in which the tracking of parcels would take place on a....
An increasing number of multi-billion dollar companies, banks, financial institutions and organizations have begun to utilize Blockchain technology to authenticate data. By doing so, new and unique implementations of Blockchain technology were introduced, including the Commonwealth Bank’s Blockchain-based shipment of cotton and Walmart’s usage of Blockchain to track the distribution of food. Walmart and China pork scandal. Retail giants like Walmart conducted trials using Blockchain technology to store shipment data and distribution information into an immutable Blockchain network. In late....
The national postal operator of Russia plans to implement a parcel tracking system that will rely on blockchain technology. The introduction of the new service is part of Russian Post’s digital transformation strategy and is expected to reduce the number of lost shipments.
Blockchain-Based Tracking System to Help Russian Post Save Time and Resources
In the context of efforts to develop its services and improve the efficiency of its logistics, Pochta Rossii, or Russian Post, is considering various options, including the implementation of blockchain technology, a....
Survey results suggest “blockchains thrive when being used for multiple integrated applications.” Singapore’s burgeoning blockchain industry has identified asset tracking and traceability as the top use case for distributed ledger technology, underscoring the need for better supply chain management in a post-pandemic world. The findings were presented Monday in the 2020 Singapore Blockchain Ecosystem Report by PwC in collaboration with OpenNodes, IBM, Ernst & Young and others. The report, which is based on a July survey of industry players, “gives a qualitative overview of the key....
We recently published an article about blockchain-esque technology and its uses for a couple sectors. What we mean by “blockchain-esque” is that tracking, ownership of goods, etc. can be traced through an open database. This “database”, some might call it the world’s largest filing cabinet, can be utilised by everyone. For example: If you buy a new pair of Nike’s and you want to know where they came from and if they were created ethically. However, this kind of technology can be implemented in a lot of other sectors. Some of the obvious positive contributions this kind of system provides....