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Logistics giant FedEx joins the Hedera Governing Council, HBAR surges 7% in a single day, enterprise-grade blockchain accelerates adoption
On February 14, it was announced that global logistics giant FedEx Corp has officially joined the Hedera Governing Council, becoming one of the governance members of this decentralized network. The goal is to incorporate complex global supply chain processes into the blockchain system, achieving data verifiability and process traceability for digital collaboration. Following the announcement, Hedera's native token HBAR's price quickly surged, rising over 7% within 24 hours to approximately $0.097. Its market capitalization also increased to $4.19 billion, with market attention significantly heightened.
According to disclosures, FedEx will introduce Hedera's distributed ledger technology into its cross-border logistics and document management scenarios. Every package movement, document signing, or status update will generate an immutable "digital fingerprint" on the chain. Participants can verify the authenticity of information in real-time without relying on centralized databases. This model is expected to reduce manual verification, enhance transparency, and lower compliance and audit costs.
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