FedEx CIO Calls for Uniform Blockchain Standards at the Blockchain Global Revolution Conference
Blockchain technology is evolving to meet the needs of many different industries, much like the evolution of cryptocurrency. Considering how often it is used, Rob Carter has suggested that it is time for uniform standards to be implemented for blockchain technology. Carter is the chief information officer of FedEx, the American delivery services company.
While speaking at the Blockchain Global Revolution Conference, Carter said that these kinds of regulations would make it easier for supply chains to take advantage of blockchain technology. He added that the tech is capable of making the shipping process more streamlined and improving the tracking of goods.
Carter added that international packages contain
“an incredible amount of information.”
These packages come with a substantial amount of paperwork, considering all of the licenses required in the process. With a more digital world on the horizon, Carter noted that
“blockchain is where you piece all that together.”
The Blockchain in Transport Alliance is made up of several delivery services – FedEx, DHL Express, and UPS. In September, FedEx joined an open-source project called Hyperledger, allowing blockchain to be improved for multiple industries at the same time. With the collaboration, the company will make it possible to create applications, platform, and hardware systems via the blockchain.
During the panel, CEO Richard Smith of the logistics side of FedEx said that the government naturally wants to fight against trafficking counterfeit and pirated goods. Smith says that the solution is blockchain, though the government is still hesitant about adoption. Hopefully, the urging of the shipping industry will help to move this process along.
Last month, UPS joined with Inxeption, an e-commerce tech company, to create a new platform together called Inxeption Zippy that is powered by blockchain technology. With this new platform, merchants are able to see the supply chain from the moment the product is listed to the delivery, which ensures that only the buyer and seller can see the sensitive data included.