FedEx Corp. of Memphis has become the 11th member of the Executive Advisory Board of the Blockchain Center of Excellence at the Sam M. Walton College of Business at the University of Arkansas.
FedEx joins ArcBest Corp., EY, FIS, Golden State Foods, IBM, J.B. Hunt Transport Services Inc., McKesson, Microsoft, Tyson Foods Inc. and Walmart Inc. on the center's executive advisory board.
Founded in 2018, the Blockchain Center of Excellence is home to research and education of blockchain-enabled technologies and digital ecosystems. The center promotes research on blockchain's impact and implementation to help it become a mainstream tool for businesses, the university said in a news release.
FedEx is involved in a number of blockchain initiatives and is a charter member of the Blockchain Research Institute and the Blockchain in Transport Alliance (BiTA). Dale Chrystie, head of blockchain strategy at FedEx and chair of the BiTA Standards Council, is the FedEx representative on the board. Chrystie graduated from the UA and has participated in Blockchain Center of Excellence workshops and conferences and in courses as a guest lecturer.
"FedEx has helped pioneer the concept of chains of custody — the idea that our customers trusted us to deliver shipments from any point in the world to any other — and to keep tabs on that shipment along the way," Chrystie said. "We believe that blockchain will take this concept to the next level and transform global commerce. We are excited to join the Blockchain Center of Excellence and help train the next generation of business leaders at University of Arkansas."