• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Bitcoin price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in January 2021

    developer

    Best Blockchain Jobs in 2021 and You Are NOT a Developer

    Dogecoin price

    Will Dogecoin Price Go Up? | Here Are Some Predictions for 2021

    online gambling

    How Cryptocurrency Is Changing Online Gambling

    Cryptocurrency Price Prediction

    Top 10 Cryptocurrency Price Prediction Platforms to Follow Now

    Buy Bitcoin on Cash App

    How to Buy and Sell Bitcoin (BTC) on Cash App

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

UPS to Integrate Blockchain Technology and DLT

Adriana M. by Adriana M.
August 17, 2018
in Finance & Blockchain, Latest News

The largest courier operator in the world, United Parcel Service (UPS) intends to use blockchain technology to improve its logistics activities.

The US Patent & Trademark Office (USPTO) published on August 16 a patent submitted by the delivery giant United Parcel Service (UPS). According to the document entitled “Autonomous services selection system and distributed transportation database(s)“, the Georgia-based company is seeking to integrate blockchain and distributed ledger technology within the company’s supply chain operations.

The document submitted on 16 February indicates how complicated is to monitor logistics activities that connect more transport operators, even if companies have started to carry out of package routing in a more efficient way, even reducing transport costs.

The document cites:

“[T]here may be scenarios in which it is advantageous for various logistics service providers to transport the shipment unit along different legs/segments from its origin to its destination. However, it may be difficult to coordinate the transportation of the shipment unit through the various logistics service provider transportation networks. Moreover, if there are special handling requirements for transporting the shipment unit, it may be difficult to ensure that the special handling requirements are carried through by each of the various logistics service providers that may assist in transporting the shipment unit.”

To create an autonomous system 

United Parcel Service plans to solve this problem by using an autonomous system with a built-in immutable blockchain ledger so that packages will be automatically directed to service operators.

After a package has been scanned and recorded, the system will display the route it has to follow depending on the carriers’ offer. The delivery process information will be stored on the blockchain ledger, thus identifying if the operator complies with the imposed shipment conditions.

The authors pointed out that from a perspective, the system could host DLT networks and integrate smart contracts. Bearing in mind that it could be designed on a blockchain protocol, the system could also accept crypto assets such as Bitcoin or Ether as payments.

“Accordingly, various embodiments may comprise and/or utilize digital currency/assets represented by ledger entries,” they wrote. “Such digital currency/assets (e.g., Bitcoin, Ether, and/or the like) may itself have value that may be exchanged for various shipment units, services, and/or the like.”

Tags: BlockchaincourierDLTLedgerlogisticssmart contractstechnologyUnited Parcel ServiceUPS
Previous Post

Ethereum Classic Officially Live on Coinbase!

Next Post

Coinberry to Allow 1.2 M BRD Customers Benefit from No-Fee Trading Services

Adriana M.

Adriana M.

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

Blockchain stocks

Top 5 Blockchain Stocks to Buy at the End of 2020

by Lavinia C.
November 12, 2020

Blockchain technology is widely adopted in major sectors of the world. The technology’s first application was in cryptocurrencies, which are...

teenager

In One Day A 15 Years Old Teenager Earned 0.7 BTC!

by Ionela C.
May 14, 2020

In the USA (Miami, Florida), a 15 years old teenager earned 0.7 BTC in one day. The teen’s name is...

algorithm

How to Get Guaranteed +1095% to A Crypto Portfolio per Year?

by Ionela C.
April 29, 2020

Today, our reporter Ethan A. spoke via video link with the man who changed the world of financial analysis. Our...

hard drive mining

All About Hard Drive Mining and How It Works

by Anca F.
March 18, 2020

Today, we will be looking into what hard drive mining is and how it works. Find out if this mining...

Polehin

Polehin.com: The First Cryptowallet Available on Apple Watch

by Ionela C.
March 17, 2020

There are a myriad of Bitcoin wallets on the market, so the competition is harsh. The quickly developing Polehin.com app,...

Bitcoin, Ethereum, and Ripple Price Prediction in February 2020

by Anca F.
January 31, 2020

In today’s article, we will be analyzing some of the past price trends and market opinions in order to come...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Investment Projects
Trust Capital LTD
Top Rated Exchanges
Binance Exchange
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

Bitcoin price prediction

Bitcoin, Ethereum, and Ripple Price Prediction in January 2021

January 6, 2021
developer

Best Blockchain Jobs in 2021 and You Are NOT a Developer

December 22, 2020
Dogecoin price

Will Dogecoin Price Go Up? | Here Are Some Predictions for 2021

December 18, 2020
online gambling

How Cryptocurrency Is Changing Online Gambling

December 18, 2020
  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.