Summary
- Global logistics and transport company FedEx has joined the Hedera Council, the Hedera network’s core governance body.
- FedEx said the move will enable it to participate in operations and policy decisions for the Hedera network.
- FedEx said the participation is intended to accelerate the digital transformation of global supply chains and, using blockchain-based infrastructure, improve the efficiency of logistics tracking and data management.
Global logistics and transport company FedEx has joined the Hedera Council, the core governance body of the Hedera network.
According to Decrypt, a media outlet specializing in virtual assets (cryptocurrencies), the move will allow FedEx to participate in operating the Hedera network and in policy decisions. The Hedera Council is responsible for tasks such as changes to network software, node operations and setting the strategic direction.
FedEx said the participation would help accelerate the digital transformation of global supply chains. The company plans to use blockchain-based infrastructure to improve the efficiency of logistics tracking and data management.
Hedera is a distributed-ledger network characterized by a corporate-centric governance structure, with a range of global companies participating as council members.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
