Home / Blockchain / Too early for the Blockchain benefits in 2019, says UPS Executive

Too early for the Blockchain benefits in 2019, says UPS Executive

The senior executives of United Airlines (UA) and the logistics giant UPS think that 2019 will not be the year when the blockchain will become mainstream, according to the Wall Street Journal reported on December 28th.

Speaking at the publication, Juan Perez, technical director and information officer at UPS, and executive vice president of technology and chief digital officer of Linda Jojo, remained on top of the blockchain's prospects.

"We have a small team looking at the blockchain, but we're still looking into the case of using the killer," Jojo said.

As 2018 draws to a close, blockchain has faced conflicting press and corporate reviews, some sources claim that technology is not sufficiently developed to meet its disruptive and even innovative promises.

On the contrary, the year started with companies that have seen the price of the stock increase enormously simply by adding the term "blockchain" to their name.

Measuring genuine interest from the international community has been difficult, with a survey conducted by India Tata Communications this month, however, which reveals a 44% absorption rate for blockchain among international respondents.

Governments also continue to signal their desire to get hold of the phenomenon, with Italy this week publishing a list of 30 "high-level experts" that will help develop an official state strategy.

For UPS, however, it is still too early for a real implementation.

"I do not expect significant benefits in 2019, mainly because the technology itself continues to evolve and mature," continued Perez, adding:

"It requires a lot of parties to participate and evaluate the technology".

In August, the company issued a patent related to the blockchain for the logistics industry.

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