Global shipping leader FedEx has joined the Hedera Council, a consortium governing the Hedera distributed ledger. The logistics giant will run a network node and participate in governance alongside members like Google, IBM, and Dell. FedEx stated it sees distributed ledger technology as a key tool for modernizing supply chains by enabling trusted data sharing. The price of Hedera’s HBAR token was approximately $0.094 following the announcement.
FedEx Corp. announced it has joined the Hedera Council to help govern the Hedera network. The company stated the move aligns with its goal of digitizing global commerce beyond paper-based processes.
The shipping giant sees opportunity for distributed ledger technology to improve supply chain operations. FedEx will contribute expertise toward building open digital infrastructure for global logistics.
“The digital transformation of global supply chains is inevitable,” said Vishal Talwar, an executive VP at FedEx. He noted that trusted data must be shared across many parties without centralizing control.
“Hedera provides a neutral, enterprise-grade trust layer that enables verification at global scale,” Talwar added. He said this allows organizations like FedEx to build differentiated capabilities.
As a council member, FedEx will operate a network node and engage in governance decisions. The council also includes notable corporate members like Google, Dell Technologies, IBM, LG, Deutsche Telekom, and Ubisoft.
“FedEx brings deep operational insight into global logistics and commerce, and their perspective will be valuable as the industry transitions toward digitally native supply chains,” said Hedera Council President Tom Sylvester. The council looks forward to advancing interoperable data verification.
Hedera’s HBAR token traded around $0.094 after the news, representing a slight daily decline. The token remains significantly below its all-time high near $0.57 from 2021.
