The distributed ledger technology will become an "inevitable and essential" tool in tracking goods and reducing fraud in the supply chain in a foreseeable future according to FedEx Corp.’s chief information officer, Rob Carter, The Wall Street Journal (WSJ) reports.
However, Carter pointed out that widespread collaboration will be needed for the technology to really take off.
"We think this is something that radically reduces friction and creates authenticity as things move around our networks," Carter added.
Last year, WSJ provided a study, according to which, around a sixth of Initial Coin Offerings (ICO) showed "signs of plagiarism, identity theft and promises of improbable returns."
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