But UPS has kept Amazon as a customer with somewhere around 13 of revenue coming from the Seattle company.
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What’s more, it added that blockchain technology would aid transaction accuracy by replacing existing paper-heavy and manual processes, which will benefit all parties involved in the transactions. FedEx and Amazon went through a public breakup in 2019. Logistics information no update, we suggest you to track it tomorrow or contact courier for further details. “The technology has the potential to increase transparency and efficiency among shippers, carriers, brokers, consumers, vendors and other supply chain stakeholders.”Īs for how it would like to leverage blockchain technology, UPS said it is looking at blockchain applications for its customs brokerage business operations, with the company one of the largest customs brokers and the company’s brokerage strategy focused on digitizing transactions. Track the status of your Courier, Freight, Ground Package, Cargo, SurePost Postal Service at any time during and after delivery. “Blockchain has multiple applications in the logistics industry, especially related to supply chains, insurance, payments, audits and customs brokerage,” said Linda Weakland, UPS director of enterprise architecture and innovation, in a statement. Enter (UPS) United Parcel Services Tracking number to check shipment progress, expected date and any other notification of delivery. Looking forward, it said that blockchain standards and intercompany collaboration will support the logistics strategies that enable UPS customers to participate in global trade and finance. In another sign of the increasing relevance of blockchain technology on freight transportation and logistics, UPS said today it has become a member of the Blockchain in Trucking Alliance, which is a forum for the development of blockchain technology standards and education for the freight sector.īlockchain technology is viewed as “an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value” according to Don Tapscott, co-founder and executive director at the Blockchain Research Institute.Īnd UPS explained that it sees the need to create industry standards and protocols to enable blockchain platforms to operate together with established technologies.
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