BitNautic News — FedEx CEO: Blockchain Has ‘Big Big Implications’ For Global Supply Chains

The Blockchain technology, at first feared and rejected by some of the world’s biggest companies, just cannot be ignored anymore. Every day, a new “big name” in the world of business comes out in support of this incredible advancement in technology.

Just the other day, on May 14, delivery services multinational FedEx said it is “quite confident” blockchain has “big, big implications” for supply chains, as it continues engagement with the technology.

Speaking at the Consensus 2018 conference in New York Monday, FedEx CEO Fred Smith stated that the time had come for businesses to ingratiate themselves with blockchain or face “probable extinction.”

“We’re quite confident that it has big, big implications in supply chain, transportation and logistics,” he said during a panel quoted by Bloomberg and other sources, continuing:

“It’s the next frontier that’s going to completely change worldwide supply chains.”

FedEx has been collecting positive experiences looking into the potential blockchain holds to improve its businesses model. In February, the company joined the Blockchain in Transport Alliance (BiTA), a focus group whose members include rail operator BNSF, JD Logistics, and GE Transportation.

FedEx’s goal, industry media reported at the time, was to strive to “create common logistics standards” based on the technology.

Prior to that, in October of last year, it became a member of the Canada-based Blockchain Research Institute, Don Tapscott’s initiative dedicated to “conducting the definitive study of the impact of blockchain technology on business, government and society.”

This is another confirmation that the world of shipping is in dire need of renovation. It’s exactly what we’re doing here at BitNautic, bringing logistics to the next level, and integrating it with cutting edge technology.

With our decentralized platform, everything is going to change. Forget brokers, forget money lost to sub-optimal deals and shipping solutions. Carriers and Shippers will be able to make deals directly, and in the easiest possible way, assisted in every part of the process by our agents, who are specialized in legal, commercial and logistic matters.

With the power of blockchain everything is going to change. The unrivaled speed and security of this technology makes possible things that were once thought out of reach. Join the revolution now!

To know more visit: BitNautic

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