FedEx's Smith Sees Blockchain as `Next Frontier' for Logistics
FedEx's Smith Sees Blockchain as `Next Frontier' for Logistics. Convinced that blockchain is on the brink of transforming the package-delivery business, FedEx Corp. is testing the technology to track large, higher-value cargo. “We’re quite confident that it has big, big implications in supply chain, transportation and logistics,” CEO Fred Smith said at a blockchain conference in New York on May 14. FedEx’s interest in blockchain and the Internet of Things are part of the company’s strategy to improve customer service and fend off competition, Smith said.