FedEx Enters Hedera Network Council With Eye on Supply Chain Transformation
Summary
FedEx has joined the Hedera Council to help govern the Hedera distributed ledger network, aiming to accelerate the digital transformation of global supply chains. FedEx plans to use distributed ledger technology to enhance trust and efficiency in data-sharing across multiple parties without centralizing control or increasing risk. As a council member, FedEx will operate a network node and contribute to governance, bringing its logistics expertise to the development of digital infrastructure for global commerce. Other major companies on the council include Google, IBM, Dell, LG, and Ubisoft. Hedera’s HBAR token recently traded at $0.094, down 1% on the day but up 7% over the past week, still significantly below its 2021 all-time high.
