PlayIconNav
BTC
$76,145.34+1.72%
ETH
$2,946.49+4.74%
SOL
$203.91+8.55%
BNB
$600.72+1.50%
XRP
$0.55680516+2.03%
DOGE
$0.19811956+5.20%
CD20
$2,344.04+4.82%
ADA
$0.44685376+19.14%
TRX
$0.16170450+0.96%
AVAX
$28.50+6.23%
SHIB
$0.00001911+2.71%
WBTC
$76,039.82+1.68%
Ad
Markets
Election 2024

FedEx Joins Hyperledger in Blockchain Consortium's Latest Expansion

FedEx, Honeywell and 12 blockchain startups joined the Hyperledger consortium, the group announced Wednesday.

By Nikhilesh De
AccessTimeIconSep 26, 2018 at 6:00 p.m. UTC
Updated Aug 18, 2021 at 9:55 p.m. UTC
Presented By Icon

Election 2024 coverage presented by

Stand with crypto
fedex-3

Global shipping giant FedEx has just become one of the 14 newest members to join the Hyperledger consortium.

Hyperledger announced that FedEx, Honeywell International, as well as a number of crypto startups, have become the newest participants in its mission to to build blockchain platforms and applications for enterprises, according to a press release on Wednesday.

VolumeMuteUnmute

Guild of Guardians Built to 'Win' the Web2 Mobile Space: Game Director

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0

    • Executive director Brian Behlendorf noted in a statement that the group includes both established firms and startups, adding:

    "We are gaining traction around the world in market segments from finance to healthcare and government to logistics. This growth and diversity is a signal of the increasing recognition of the strategic value of enterprise blockchain and commitment to the adoption and development of open source frameworks to drive new business models."

    FedEx has previously joined a number of other blockchain consortia, including the Blockchain in Transport Alliance and the Blockchain Research Institute.

    Chairman and CEO Fred Smith has touted the technology in public appearances, telling the audience at CoinDesk's Consensus conference in May that it "has the potential to completely revolutionize what's across the border."

    He touted the ability to track goods' chain of custody using the technology, as well as the fact that such information can be made publicly available for customers.

    FedEx image via monticello / Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.