Should Mail Services Adopt Blockchain Technology?
Here Are 7 Reasons The Answer Is Yes
The amount of mail that travels around the world daily is staggering. The United States Postal Service handles the biggest majority but other companies have also stepped up their deliveries. Companies such as FedEx, UPS and many others do take some of the stress from USPS postal workers, but look at any given worker in a postal service job and you will feel the stress.
We have heard of late and no deliveries, mail theft and many other problems. But is it any real surprise? With the volume of mail and customers who write unintelligibly, the system is bound to have some problems.
But the overall mail system has evolved into a machine that does work somewhat well in consideration. But it can be better and we believe blockhain technology can be the catalyst for that change.
Here are 7 reasons mail services should adopt blockchain technology.
Should Mail Services Adopt Blockchain Technology Reason #1: Expand Financial Services
The United States Postal Service has been operating at a loss in recent years. But they could expand their financial services to offset the business competitors have taken.
Currently, the service sells money orders and can do international money transfers, but by adding blockchain, these services could be expanded and USPS could compete against companies like Well’s Fargo and others by adding a wider range of financial services.
Should Mail Services Adopt Blockchain Technology Reason #2: Automate The Simple Things
Using blockchain technology, simple things like address change, P.O. Box renewal and tracking could be automated even more than it already is.
Just take the address change system now used. Get a form, mail it in and your change of address is good for what, 1 year.
Why not forever?
By using blockchain technology, the mail service can automate this completely and it can be shared via any mail service.
Should Mail Services Adopt Blockchain Technology Reason #3: Identity
Using blockchain, the system could validate and authenticate the identity of users.
Should Mail Services Adopt Blockchain Technology Reason #4: Accounting Records
From payroll to accounts receivable, blockchain technology can streamline the process and eliminate human errors. And if there is a question, with all transactions being on the blockchain, the trail is easy to follow and find the exact issue.
Should Mail Services Adopt Blockchain Technology Reason #5: Eliminating Mail Crimes
Just recently, we heard of bombs being sent to politicians as well as CNN. And while the culprit was tracked down, if the mail system would have been on blockchain, the time to find a criminal who used the mail would be cut down drastically.
Each person using the mail service would have there own blockchain key that would also be imprinted in the mail they send (like the postmark).
That key would give authorities the ability to know who, where and when within seconds instead of days.
Should Mail Services Adopt Blockchain Technology Reason #6: Postal Tokens
Why not say goodbye to stamps and just use a postal token system? A person could purchase postal tokens and when mailing, they simply use digital tokens to pay. The mail is stamped with their public key showing the tokens were removed from their digital wallet.
The cost of printing stamps would be removed saving the system a lot of money.
Should Mail Services Adopt Blockchain Technology Reason #7: Tracking
Currently, the United States Postal Service has a somewhat good package tracking system, but it is no where near perfect. And when packages are coming from overseas, other services are used with a different type of tracking.
If the whole tracking system was integrated into one via blockchain, customers can know exactly where, when and how there mail is coming.
USPS has been studying how they can utilize blockchain. Personally, I think all mail services should adopt blockchain technology.
Creating a postal sidechain off the Nasgo blockchain is not difficult. You need not have to be a coder.
If you have questions or would like to know how to go about the process, just comment here or visit us at the NasgoNation Facebook page here.
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