FedEx and UPS join the Blockchain in Transport Alliance (BiTA) to implement blockchain technology in the supply chain sector, so that they can prevent any future cyber attacks, like the one FedEx fell victim to last year. Blockchain provides a level of transparency throughout the entire supply chain, reducing costs by creating a better organization for companies and allowing them to be more productive. It also improves security through a verification process to reduce outside security threats and protect each company’s reputation.

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