UPS to use blockchain to track parcels

Verified
3 months ago
0

US logistics giant United Parcel Service (UPS) has applied for a patent, which describes the use of blockchain technology to trace parcels worldwide.

The application “Autonomous Service Selection System and Distributed Transport Database” describes a method that includes a variety of different types of data contained in a distributed ledger. Among other things, the blockchain will contain data on the destination of the parcel, intermediate points and plans for the delivery of the parcel.

Also, UPS plans to use more than one distributed registry.

Last November, UPS became a member of the Blockchain in Trucking Alliance (BiTA), a consortium whose goal is to develop standards for using the technology to track delivery and make payments between supply chain participants.