UPS Adopts Blockchain to Streamline Global Logistics
UPS has joined a blockchain alliance to leverage the technology for improved transaction efficiency and trust, particularly in customs brokerage. Blockchain's immutability and applications like smart contracts promise to reshape supply chain traceability, payment settlement, and insurance within the logistics industry, offering shippers and logistics companies a more transparent, efficient, and secure operating environment. Despite challenges related to technical standards and regulations, the application of blockchain in logistics holds significant potential for the future.









