FedEx partnered with two other shipping giants, DHL Express and UPS, to become a part of the Blockchain in Transport Alliance (BiTA) and employ the technology to track goods and prevent counterfeits in their supply chains.
The seaborne freight industry accounts for 60 percent of trades conducted by sea, making it one of the most valuable water-based industry. However, the enormous potentials of this industry keeps getting frustrated by security threats, overcapacity, increasing environmental regulations, and low freight rates.
300cubits, a blockchain-powered ecosystem to secure shipment booking is set to launch their ICO on 12thApril, 2018. This month long campaign will offer 18,000,000 TEU tokens—the proprietary medium of transaction on the 300cubits platform. TEU tokens have been rated 4.6 out of 5 from ICObench.
Energy trading giants including Eni Trading & Shipping, Total, Gazprom Marketing & Trading Limited, Mercuria, Vattenfall, Petroineos and Freepoint, are planning to use a blockchain-based system within the pilot European energy project for trading resources.
Amazon is the world’s largest online store with shipping capabilities of all over the United States. Although Amazon itself still does not allows Bitcoin in their transactions, third party applications like the purse.io Android and IOS apps do.