FedEx CIO Wants a Standardized Blockchain for Global Shipping, Binance Wants to List a FedEx Token

According to FedEx CIO Rob Carter, a single standardized ledger for international shipping just makes sense. In an interview with Computer World, the CIO compares the current predicament as similar to trains in the 1800s. There were initially, across the western United States, eight different competing railroad companies. Because of this, creating a unified rail system seemed impossible. However, through an act of Congress in 1863, a standard was established which made railroad tracks uniform.

‘Digital Railroads’

According to Carter, a similar idea is needed for the shipping industry. There are competitors within international shipping, but the government should mandate that these “digital railroads” built on the blockchain should be standardized. This way, international shipping is on one global-ledger system. Carter’s pro-blockchain stance is very encouraging for the future of the technology. However, it seems the current legislative efforts are lagging behind his desire for Congress to act. Regardless, it’s yet to be seen whether FedEx will issue its own blockchain and token — but that hasn’t stopped Binance’s founder from suggesting that the shipping giant can trade its token on the Binance exchange.

‘Just Saying’

Binance CEO Changpeng Zhao — commonly known as ‘CZ’ — gave Carter a light nudge on Twitter by suggesting that FedEx trade its token on the Binance decentralized exchange if it wants to trade its token somewhere before mainnet.

If they need to issue a token and have it trade somewhere before their mainnet comes online… you know, just saying.

@Binance_DEX https://t.co/x9kHLKJDIS

— CZ Binance (@cz_binance) April 26, 2019

Although the idea was light-hearted, CZ is nonetheless clearly open to such an idea. The Binance decentralized exchange was just released a few days ago and currently only trades a single token. However, the offered trading pairs on the decentralized exchange are expected to expand. We likely won’t see FedEx’s token on Binance’s decentralized exchange, but we should nonetheless keep an eye on FedEx’s blockchain developments. Do you believe FedEx will develop its own distributed ledger or will it, instead, push Congress to enact a standard? Let us know your thoughts below.