FedEx Blockchain Strategist Remains Optimistic On Blockchain Integration Despite Current Setbacks
FedEx Blockchain Strategist: ‘It’s Not Currently Very Fast Or Very Scalable…’
CIO Rob Barter: ‘But Has Immense Potential…’
According to a Memphis-based local news outlet, FedEx remains unconvinced on Blockchain technology’s benefits in its present form.
Dedicated FedEx Blockchain strategist, Dale Chrystie, said in a new interview that they will remain pragmatic.
“To kind of burst the bubble, it’s not our only database, it’s not our best database, it’s not currently very fast or very scalable and it’s not very mature…”
As Blockchain is still in its early stages, their current conventional processes are superior for its operations despite previous efforts to integrate the new technology.
In an April LinkedIn post, CIO Rob Carter wrote:
“This technology is still in its early days but has immense potential to transform cross border commerce by reducing friction and increasing integrity in how things move around the world.”
“Yes everyone wants to monetize this technology, but we’re all going to have to work together to get it built. That’s why I refer to Blockchain as a team sport,”
agreed Chrystie, adding:
“Once built, a lot of people will be able to figure out a business model for it. Right now, it’s not built.”
In 2017, FedEx became a part of the Canadian Blockchain Research Institute and in 2018, joined the enterprise Blockchain ecosystem Hyperledger.
There have been a series of large trials underway with some already completed, all with a focus on international cross border supply chains and shipping in general according to Cointelegraph. With cooperation efforts like this, Blockchain tech could soon have the numbers it needs to kick off the ground on a grand scale.