The Blockchain Help UPS Package Delivery and Supply Chain Logistics

Nowadays, with the help of Blockchain, Logistics Systems making great progress.The information was released by the U. S. Patent & Trademark Office (USPTO) this week.The company, which is based in the state of Georgia, has applied for a blockchain patent.

It was United Parcel Service (UPS), a century-old company with 110 years of existence to start to use the blockchain benefits. The company will reportedly use the distributed ledger technology to streamline package delivery logistic services across supply chains.

As the authors of the UPS patent explain, the blockchain technology can be extremely useful for cases in which there are advantages in using a number of different service providers at the same time to transport shipments and help to coordinate the movements of the product. With the help of the blockchain, these processes can be done in a more efficient way. 



An Autonomous System That Uses The Blockchain Technology

According to the UPS, all these problems could be solved or at least have their efficiency improved by using the blockchain technology in an autonomous system with an immutable blockchain ledger that can automatically route packages via multiple logistics service providers and their network services.

This way, as soon as a package is scanned and put into the network, the system will choose the best routes that you can use to connect to shipping providers and increase the efficiency of the delivery. All the information will be stored on the blockchain, so it is also a very good way to keep track of all the information and not lose the item along the way, as you can always see where the package is.

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http://sowoll.com/en/blog/post/453-the-blockchain-help-ups-package-delivery-and-supply-chain-logistics

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