UPS Files Blockchain Patent to Increase Delivery Efficiency

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Global logistics company UPS have recently applied for a patent to use blockchain technology in their delivery processes.Amongst other benefits, the company is hoping that the technological innovation will increase efficiency when routing packages across multiple carriers.UPS Patent Could Improve Efficiency of Delivery ServicesAccording to SupplyChainDive, UPS are looking to explore the implications of blockchain technology in a much wider capacity than was previously believed.The company joined the Blockchain in Trucking Alliance (BiTA) several months ago to help promote trust and improve efficiency when making transactions. At the time, UPS had stated that it hoped blockchain technology would be primarily used in line with their customs brokerage business.However, the patent application, which was submitted on Thursday, shows that UPS are taking a much wider interest in the technology. It explains that the company’s customers are seeking greater transparency in terms of deliveries, as well as faster, cheaper shipping.It is believed