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When railroad tracks were first laid across the western U.S., there were eight different gauges all competing to dominate the industry – making a nationwide, unified rail system impossible; it took an act of Congress in 1863 to force the adoption of an industry standard gauge of 4-ft., 8-1⁄2 inches.
FedEx CIO Rob Carter believes the same kind of thing needs to happen for blockchain to achieve widespread enterprise adoption.
While the promise of blockchain to create a more efficient, secure and open platform for ecommerce can be realized using a proprietary platform, it won't be a global solution for whole industries now hampered by a myriad of technical and regulatory hurdles. Instead, a platform based on open-source software and industry standards will be needed to ensure process transparency and no one entity profits from the technology over others.
"I think we're in the state where we're duking it out for the dominant design," Carter said during a CIO panel discussion at the Blockchain Global Revolution Conference here. "We're not an organization that pushes for more regulatory control, but there are times regulatory mandates and pushes can be incredibly helpful."
(Score: 0) by Anonymous Coward on Tuesday April 30 2019, @02:01AM (2 children)
Might as well embed a GPS chip on every address label.
(Score: 0) by Anonymous Coward on Tuesday April 30 2019, @02:19AM
Only when UK outlaws Steaks will they add GPS tracking to all their meat so you can't back Beef without Loicent. So wait till 2022 or there about.
(Score: 2) by Fluffeh on Tuesday April 30 2019, @03:00AM
That's the point. You can do it with a GPS chip that has to send data back somewhere, have that owner of the data make it available and free for all other worldwide postal services to enable/embed in their systems... or... you can have a blockchain and an item number - and everyone is free to implement in their own time and way - and there's no need for any expensive telecoms equipment, you just scan in and out as you go.