UPS Eyes Blockchain on offer to track global shipping data


The shipping giant UPS presented a new patent that uses blockchain as part of a distributed system for sending parcels around the world.

The patent application, published on August 16th by the USP Patent and Trademark Office (USPTO), further reveals the company's interest in using the blockchain to re-imagine how shipments move in the world.

Entitled "Autonomous Services Selection System and Distributed Transport Database", the concept involves storing numerous types of data within a general ledger network,

As previously reported by CoinDesk , UPS joined a blockchain-focused consortium in 2017 and even hinted at the idea of ​​accepting bitcoins through a proposed system of locker-exchange items.

In particular, UPS suggests using more than one distributed register in an effort to track a series of shipping orders, "each with different information / data related to types of goods (eg Shipping Unit and / or shipping unit associated). " [19659002] "Therefore, some embodiments allow the detection of a first set of dispatch units and a second set of dispatch units associated with the first set of dispatch units separately, thereby allowing the use of various smart contracts related to shipping services and handling of shipping units in a bifurcated way ", wrote the company

. The fact that the company looks at different ways to improve the process by which it moves shipments around the world is perhaps surprising, given its size. UPS shipped over 5 billion packages and documents last year, according to its website, earning $ 54 billion in revenue.

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