Hyperledger Blockchain Consortium Adds 14 New Members Including FedEx Shipping Giant

Hyperledger Consortium Welcomes 14 New Members, Including Global Shipping Giant FedEx

Hyperledger is a project that has been working to collaborate with other businesses and companies to expand the use and benefits that blockchain technology affords. There were already over 250 organizations involved with these efforts, and the company just added 14 more. One of the most recognizable names in the world is part of that group – FedEx.

In a statement from the executive director of Hyperledger, Brian Behlendorf, he said:

“Our community ranges from technology giants and industry leaders to start-ups, service providers and academics. 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.”

This press release was just issued on Wednesday, September 26th.

There are presently 10 different business blockchain and distributed ledger technologies, making it possible for companies to apply it to heir own platforms and systems for open-source record. However, FedEx is one of the few that is actively pursuing multiple blockchain associations, working to expand their security and transparency in their shipping business. Some of the other groups they have joined include the Blockchain in Transport Alliance and the Blockchain Research Institute.

The CEO and Chairman of FedEx, Fred Smith, has been publicly speaking about the way that they are involving themselves in blockchain technology. In fact, at the Consensus conference by CoinDesk in May, he said that this technology:

“has the potential to completely revolutionize what’s across the border.”

His main appreciation is how it gives the company a better grasp of tracking goods, and how their customers are able to gather more information as needed.

As part of the new membership, the new members were asked to give quotes. FedEx’s senior vice president of IT, Kevin Humphries, said:

“We believe that blockchain has big implications in supply chain, transportation and logistics. We are excited for the opportunity to collaborate with the Hyperledger community as we continue to explore the applications and help set the standards for wide-scale blockchain adoption in our industry and others.”

Along with FedEx, the other companies that have just joined include: BetaBlocks, Blockchain Educators, Cardstack, Constellation Labs, Elemential Labs, Honeywell International Inc., KoreConX, Northstar Venture Technologies, Peer Ledger, Syncsort and Wanchain. To view their quotes about their new partnership, visit the website for PR Newswire.

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