UPS TO USE BLOCKCHAIN TO TRACK GLOBAL DATA

1
(No Transcript)
2
U.P.S to use Blockchain to track global data

• Tracking and tracing of information are one of
  the key features that many of the companies eye.
  It not only ensures that the information is
  correct but also builds the trust between the
  receiver and the sender. The traditional system
  of tracking of information is good and we have
  now got the real-time tracking feature also
  available, but somewhere it lacks transparency.
  In order to establish a completely transparent
  system, we need technology that can guarantee
  trust and transparency, Blockchain to track
  global data is what I am talking about.

3

• The Blockchain is one of the fastest and dynamic
  technology that the developers and some of the
  big names are working upon. Despite its
  traditional usage limited to Bitcoin and other
  cryptocurrency exchange, it has now overgrown its
  traditional application and comes forth as a
  versatile technology which finds multiple usages.
  Tracking of data is one of the excellent features
  of Blockchain which makes it so sought after by
  many companies of the world. And the latest
  addition to its stalwarts is UPS.

4
What is the latest development in this field?

• If we talk about companies which are focussing on
  using Blockchain in tracking and tracing of data
  then various big names have plunged into the
  pool, companies like IBM, Microsoft, Wallmart,
  Amazon are exploring various ways of using
  Blockchain as a part of their mainstream business
  operations. UPS the global logistics giants from
  the US have also filed a patent for their latest
  applications based on the Blockchain. The
  objective behind this is to develop a system
  which can easily track their data.

5

• United Parcel Service (UPS) which is one of the
  largest logistics companies from the US has
  applied for a patent. This patent developed by
  UPS will help the company track parcels around
  the world. UPS has named the application as
  Autonomous Service Selection System and
  Distributed Transport Database.

6
Why there was a need for such a system?

• An important question that arises here is why do
  we need a new technological intervention. The
  reason why UPS shifted its focus to Blockchain is
  that the company feels that the current system
  has some bottlenecks which are a roadblock in the
  seamless functioning of the logistics industry.
  With the help of Blockchain, it aims at solving
  these problems and create a system which is
  absolutely seamless and efficient.

7

• Some of the common problems that persist in the
  presented logistic model include the following
• The underdeveloped network which
  prevents delivery to remote locations.
• Lack of coordination while
  transportation of the shipment
• Special handling requirements
• Need for an efficient tracking system
• In order to cater to the variegated need of the
  customer, it is important to develop a system
  which can cater to all these problems and at the
  same time create a more effective tracking
  system.

8

• UPS has developed an application which is based
  on the Blockchain. The application is called as
  Autonomous Service Selection System and
  Distributed Transport Database. As per the
  company, this ledger will have the sorting of
  data mentioned under various parameters like
  origin, destination and transportation parameters
  will help in the sorting of data and track the
  information.
• The company also believes that smart contracts
  hold potential in the shipping services. UPS also
  emphasizes on the use of cryptocurrencies like
  Bitcoin and Ethereum as a mode of making payment
  to the shipping companies.

9
Conclusion

• We still have to see whether this move of this
  logistic giant will help in boosting its
  business. Its still too early to predict whether
  Blockchain will make it more efficient or its
  going to hinder its growth rate. Its too early
  make a prediction on the same. But we need to
  realize the fact that there is a need to make a
  shift to Blockchain. This will create a system
  that is transparent and at the same time
  guarantees a well-organized working of the
  system.
• Learn more about Blockchain

10
Blockchain Council Certifications

• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Expertv2
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

11
(No Transcript)