UPS to Exploit Distributed Ledger for Cargo Tracking
August 20, 2018
One of the leaders in cargo shipping, the UPS company, has filed another patent application. The patent implies using distributed ledger in shipping system around the globe.
The application was published last week by the U.S. Patent and Trademark Office (USPTO). UPS plans enabling blockchain to review the basic principles of shipping.
The patent was titled “Autonomous services selection system and distributed transportation database(s)”. The application describes a method for storing various types of information registered in blockchain including destination, location and transportation plan for cargos.
Remember that this company became a part of shipping sector that uses distributed ledger last year. In addition, the chair of UPS also considered Bitcoin as payment means.