FedEx joins Hedera Council to digitize supply chains

FedEx joins the Hedera Council to digitize supply chains, aiming to boost efficiency, data sharing, and visibility using secure digital ledgers.

FedEx has officially joined the Hedera Council, partnering with leading technology firms such as Google, IBM, and Dell to accelerate the digital transformation of global supply chains. As a council member, FedEx will operate a network node and participate in Hedera network governance, aiming to replace traditional paper-based logistics with secure, decentralized digital ledgers. The company sees distributed ledger technology as essential for enabling efficient, trusted data sharing among multiple parties without increasing risk or centralizing control. This move is expected to enhance supply chain visibility, data verification, and operational efficiency, while also helping to set new industry standards. The collaboration will address challenges like real-time tracking, automation of customs documentation, and sustainability verification. Following the announcement, FedEx's stock price rose, reflecting market confidence in its commitment to technological innovation in logistics.