5 Biggest Companies That Might Be Disrupted By Blockchain Technology

2. United Parcel Service, Inc. (NYSE:UPS)

Logistics and supply chain management is a very complex business, which involves many moving parts, requires a lot of precision and is prone to many human errors. Blockchain technology can eliminate many of these issues as transactions are documented and stored in a ledger that is secure and cannot be modified in any way. In addition, it can control costs, labor, waste, origin of products and/or parts, and other aspects at every point of the supply chain or delivery process. Blockchain will provide a lot of help in automating deliveries and supply chain management. United Parcel Service, Inc. (NYSE:UPS) has recently joined the Blockchain in Trucking Alliance (BiTA), alongside C.H. Robinson Worldwide Inc (NASDAQ:CHRW) and XPO Logistics Inc (NYSE:XPO). BiTA is a platform that aims to enable the use of blockchain technology in logistics and supply chain management in order to ensure more efficient deliveries.

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