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FedEx joins Hyperledger's Blockchain Hub, "Big Implications" for logistics

The American colossal courier service FedEx has joined Hyperledger, an open source project created to improve crosschain blockchain technologies, according to a press release published on September 26th.

Hyperledger, which is hosted by the Linux Foundation, enables organizations to create blockchain-based applications, platforms and hardware systems in the context of their individual business transactions.

By joining Hyperledger, FedEx became one of over 270 members. Other associated companies include IBM, Intel, Deutsche Boerse and J.P. Morgan. Kevin Humphries, Senior Vice President, IT, FedEx Services said blockchain technology has "big implications" for supply chains, logistics and transportation.

In February, FedEx became part of the Blockchain in Transport Alliance (BiTA), a focus group whose members include the BNSF, JD Logistics and GE transportation railway operator. BiTA aims to improve transparency and security in shipping with blockchain technology.

Hyperledger's executive director, Brian Behlendorf, has previously stated that distributed ledger technology (DLP) will diminish the power of technology giants such as Google, Facebook and Amazon. In today's press release he said:

"We are getting traction around the world in market segments, from finance to healthcare, from government to logistics, growth and diversity as a sign of the growing recognition of the strategic value of corporate blockchain and commitment to 39; adoption and development of open source frameworks to drive new business models ".

FedEx has demonstrated a proactive approach to the adoption of blockchain technology. In May, FedEx CEO Fred Smith said he believed the blockchain was the "next frontier" for global supply chains. In July, the FedEx Institute of Technology collaborated with the pharmaceutical services firm Good Shepherd Pharmacy to develop a new blockchain infrastructure to help cancer patients receive drugs.

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