UPS to Use Blockchain to Track Global Shipping Data

A patent application by United Parcel Service is called "Autonomous Service Selection System and Distributed Transport Database"
20 August 2018   765

US logistics giant United Parcel Service (UPS) has applied for a patent, which describes the use of blockchain technology to track parcels around the world.

The application "Autonomous Service Selection System and Distributed Transport Database" describes a method that includes a variety of different types of data contained in a distributed registry. Among other things, the blockchain will contain data on the destination of the parcel, intermediate points and plans for the delivery of the parcel.

Thus, certain embodiments enable tracking of a first set of shipment units and a second set of shipment units associated with the first set of shipment units separately, thereby enabling the use of various smart contracts relating to shipping services and shipment unit handling in a bifurcated manner.
 

UPS

Also, UPS plans to use more than one distributed registry, but several.

In November of last year, UPS became a member of the Blockchain in Trucking Alliance (BiTA), a consortium that aims to develop standards for using blockchain technology to track parcels and make payments between supply chain participants.

PwC to Represent Crypto Analysis Tool

Halo aims to provide warranty services to cryptocurrency transactions, in particular, the solution helps to create independent evidence for private-public key pairs
20 June 2019   81

One of the world's largest consulting firms, PricewaterhouseCoopers (PwC), announced the launch of an updated audit solution that supports cryptocurrency assets. This is stated in the press release of the company.

A tool called Halo aims to provide warranty services to cryptocurrency transactions. In particular, the solution helps to create independent evidence for private-public key pairs, which is one of the elements necessary for establishing cryptocurrency ownership rights.

In addition, Halo can collect information about transactions and balances on the blockchain.

As noted in the statement, the decision can be used by companies for which PwC is not an auditor. The initiative should help them try new opportunities and solve problems related to the blockchain and cryptocurrencies.

Currently, PwC can use the updated tool to provide warranty services to customers operating Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, LiteCoin, Ethereum, Ripple (XRP), as well as the ERC-20 OAX token.

PwC has been showing quite a strong interest in the cryptocurrency industry for several years now. So, in 2017, the company began accepting payments in Bitcoins, and last year began to develop new standards for the ecosystem of digital assets and stablecoats.