NEW VPS PLANS

Experience Ultra-high Performance of NVMe Storage on New UK VPS Plans.

Deploy Instantly
  • +357 2425 0808
  • Login
  • English

Home

Blog

UPS Eyes Blockchain on offer to track gl...

UPS Eyes Blockchain on offer to track global shipping data

UPS Eyes Blockchain on offer to track global shipping data

NetShop ISP

NetShop ISP · Blog Author

Aug 20, 2018 · Archive

Delivery giant UPS has petitioned for another patent that utilizations blockchain as a feature of a conveyed framework for sending bundles around the world.

The patent application, distributed on Aug. 16 by the U.S. Patent and Trademark Office (USPTO), additionally unveils the company’s enthusiasm for utilizing blockchain to re-envision how shipments move the world over.

Entitled “Autonomous services selection system and distributed transportation database(s),” the idea includes putting away various sorts of information inside a disseminated record arrange, including data about a bundle’s goal, its development and transportation gets ready for shipment units.

As already reported, UPS joined a transportation-centered blockchain consortium in 2017 and has even alluded to tolerating bitcoin through a proposed arrangement of thing trade lockers.

Remarkably, UPS proposes utilizing in excess of one disseminated record with an end goal to track a scope of shipment arranges, “each providing varying information/data regarding respective asset types (e.g., shipment units and/or associated shipment units).”

“Thus, certain embodiments enable tracking of a first set of shipment units and a second set of shipment units associated with the first set of shipment units separately, thereby enabling the use of various smart contracts relating to shipping services and shipment unit handling in a bifurcated manner,” the company announced.

That the company would take a gander at various approaches to upgrade the procedure through which it moves shipments around the globe is maybe obvious, given its scale. According to its website, UPS shipped more than 5 billion packages and records a year ago winning $54 billion in income.

Press Releases
74

Free VPS Trial

No Credit Card Required.

Recent Posts

How To Create OpenVPN User in pfSense

How To Create OpenVPN User in pfSense

27 June, 2024

MT5 Access Server for Forex Brokers: Virtual vs. Dedicated

MT5 Access Server for Forex Brokers: Virtual vs. Dedicated

14 June, 2024

How To Extend Root Partition using Home Partition space in CentOS

How To Extend Root Partition using Home Partition space in CentOS

30 May, 2024

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

23 May, 2024

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

14 May, 2024

#letushostyou

Award Winning Hosting Provider established in 2004.

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2024 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Bitcoin
Tether
Ethereum
Litecoin
Wise
Revolut
Wire Transfer