blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Bet Now
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Bet Now
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $24,019.00-3.60% 24H
    BITCOIN
    24H : -3.60%
    Volume : $30,474,525,986.00
    Marketcap : $459,334,246,475.00
  • ethereumEthereum(ETH)
    $1,875.08-5.63% 24H
    ETHEREUM
    24H : -5.63%
    Volume : $17,938,936,571.00
    Marketcap : $225,516,023,521.00
  • binancecoinBNB(BNB)
    $317.14-2.04% 24H
    BNB
    24H : -2.04%
    Volume : $1,047,360,267.00
    Marketcap : $51,772,789,759.00
  • cardanoCardano(ADA)
    $0.554-3.80% 24H
    CARDANO
    24H : -3.80%
    Volume : $789,706,626.00
    Marketcap : $18,770,380,084.00
  • rippleXRP(XRP)
    $0.373-2.78% 24H
    XRP
    24H : -2.78%
    Volume : $1,156,983,052.00
    Marketcap : $18,338,119,244.00
  • solanaSolana(SOL)
    $43.25-7.08% 24H
    SOLANA
    24H : -7.08%
    Volume : $1,292,995,936.00
    Marketcap : $15,104,992,886.00
  • dogecoinDogecoin(DOGE)
    $0.079-0.66% 24H
    DOGECOIN
    24H : -0.66%
    Volume : $917,889,978.00
    Marketcap : $10,578,114,212.00
  • avalanche-2Avalanche(AVAX)
    $27.71-4.48% 24H
    AVALANCHE
    24H : -4.48%
    Volume : $430,521,596.00
    Marketcap : $7,902,092,673.00

U.S. Postal Services Applies Patent to Deploy Blockchain-Based Tracking for Packages

Tokoni Uti by Tokoni Uti
August 24, 2018 - 12:00 am
in altcoins news, bitcoin news
0
U.S. Postal Services Applies Patent to Deploy Blockchain-Based Tracking for Packages
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Blockchain technology has once again found a new application, this time in courier services.

UPS and Blockchain

The United States Postal Service has recently applied for a patent to enable it to utilize blockchain technology in its international tracking.

This is because UPS packages go through multiple handlers in their lifetime and the use of this technology can enhance its tracking capabilities.

The patent was applied for on Thursday, and if it goes through, could set a precedent for alternative uses for blockchain technology that could find its place in other industries and for different applications.

What Does it Do?

While the patent is for technology to track packages, it does far more than just that.

First of all, the technology will be heavily involved in the storage of data. This includes storing the point of origin of the packages as well as their destinations. The shipping parameters will also be recorded in the platform.

This relies on the same technology that helps to track the origins of various cryptocurrencies and creates the system of transparency that cryptocurrency is known for.

The technology also helps to generate transportation plans for the packages and also reports the completion of the shipment and manages payment as well.

This allows the entire shipping and tracking process to become centralized and managed from a single system.

New Crypto Alliances

While this new patent is one of the first of its kind In this industry, it is not the first time UPS has delved into the world of cryptocurrency.

A few months ago, UPS made a move to join the Blockchain in Trucking Alliance (BiTA).

The alliance aims to improve efficiency in shipping transactions. So far, one of the alliance’s most significant goals has been to integrate blockchain technology to enhance their business efficiency carefully.

According to the patent application, the need for the technology is that customers are demanding more transparency in the process of shipping their packages and because multiple handlers and this technology handle packages will solve this problem.

In addition to the efficient tracking, the technology also helps remove the margin of human error as it independently helps to determine the most optimal routes for package transportation.

The various payments to be made are tracked through the transportation process, and this helps both tracking and payment to be streamlined.

Cryptocurrencies such as bitcoin and ether will also be accepted on the platform.

Tags: Blockchain TechnologyDigital TokensU.S.
ShareTweet
Tokoni Uti

Tokoni Uti

Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.

Recommended For You

Crypto.com Granted Pre-Registration Undertaking by the OSC in Canada

by Umair Younas
August 15, 2022 - 5:19 pm
0
Crypto.com Canada

Crypto.com crypto platform has signed a pre-registration undertaking with the Ontario Securities Commission (OSC) to legally operate in Canada.

Read more

Galaxy Digital Ends Deal of $1.2B Acquisition of Crypto Custody Firm BitGo

by Shayan Chowdhury
August 15, 2022 - 4:35 pm
0
BitGo Galaxy Digital

Galaxy Digital Holdings abandoned $1.2B acquisition of crypto custody firm BitGo for not providing audited financial statements within the deadline.

Read more

Next-Generation Fund Manager Holon Global Surpasses BlackRock with Funds Amid Crypto Winter

by Mushu Butt
August 15, 2022 - 3:33 pm
0
Cryptocurrency Market

BlackRock made headlines with the announcement of a proposed Bitcoin fund, but Holon Global Investments was already ahead of the curve

Read more

Indonesia Approves 400 Cryptocurrencies

by Eric Maina
August 15, 2022 - 2:31 pm
0
indonesia

Indonesia's Ministry of Trade has approved a list of 400 cryptocurrencies that can be legally traded by Indonesian traders on approved exchanges.

Read more

Crypto Exchange Zipmex Gets 3 Months Creditor Protection In Singapore

by Mushu Butt
August 15, 2022 - 10:20 am
0
Zipmex

A Singapore court has provided crypto exchange Zipmex with creditor protection for the next three months to formulate an efficient funding strategy.

Read more
Next Post
China's Blockchain

China Tightens Strings on Cryptocurrency, Regulator to Block 124 Foreign Crypto Exchanges

PARTNERS LIST

PRESS RELEASE

CALDANCE to Revolutionize the Fitness2Earn Landscape

by chainwire
August 11, 2022 - 12:08 pm
0

Singapore, Singapore, 11th August, 2022, ChainwireCALDANCE, a blockchain-based fitness project, just completed the first pre-sale of its hardware and sold...

DeFiChain Community Brings Attractive Rewards For DFI ERC-20 Pairs on Uniswap

by chainwire
August 7, 2022 - 10:35 am
0

Singapore, Singapore, 7th August, 2022, ChainwireDeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications...

Drexel University College

Healthcare Payments Innovator, MAPay Seeks to Achieve Healthcare Data Interoperability Through Blockchain

by Max Clark
August 5, 2022 - 12:59 pm
0

The collaboration will develop the technical foundation and market for patient data access, a contentious healthcare topic.

TRON Grand Hackathon Season 2 Closes out Submission with over 1800 Participants

by chainwire
August 4, 2022 - 8:19 am
0

Geneva, Switzerland, 4th August, 2022, Chainwire–Season 2 of The TRON Grand Hackathon 2022 has seen a wave of submissions receiving...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2022 - Blockchainreporter.net. All Right Reserved.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT