110-Year-Old UPS Eyes Blockchain to Streamline Delivery Logistics


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110-Year-Old UPS Eyes Blockchain to Streamline Delivery Logistics - CCN

Century-old delivery giant United Parcel Service (UPS) believes that blockchain technology could help streamline package delivery logistics across a global supply chain.

According to documents published by the US Patent & Trademark Office (USPTO) on Thursday, the Georgia-based UPS has applied for a patent that utilizes blockchain and distributed ledger technology (DLT) to route packages throughout an international supply chain that may include multiple carriers.

The patent application, which UPS originally filed on Feb. 16, explains that while shipping logistics providers have become quite adept at optimizing package routing to increase efficiency and minimize costs, it is still difficult to coordinate logistics for shipments that involve more than one logistics service provider transportation network.

Old Man Jingles

Rat out of a cage
I assume this can be used for Domestic shipments as well.

I can see this being a strong useful tool for Domestic shipments within Germany and other countries as well.