29 May dexFreight Signs an MOU with The FedEx Institute of Technology
Two blockchain technology startups — one from Nova Scotia and one from Miami — have signed memorandums of understanding to establish operations in the University District.
Read the full original post from The Memphis Business Journal here
Exclusive: How SXSW, e-commerce bringing new companies to University District
Rajat Rajbhandari, CEO, and co-founder of Miami-based DexFreight, an open source logistics platform built on blockchain technology and machine learning, was conducting a panel at the annual South by Southwest conference when he was approached by the University of Memphis.
Cody Behles, assistant director of Innovation and Research Support at the U of M’s FedEx Institute of Technology, made it a point to tell Rajbhandari about the institute’s cross-campus research clusters for blockchain and logistics innovation after the panel.
“We do a lot of research in logistics. The [U of M wants] to build expertise in the Memphis area. So I said, ‘Sure, why not?'” Rajbhandari said.
“The FedEx Institute of Technology is committed to building Memphis’ reputation as an international innovation destination by providing the infrastructure and support to companies that are ready to make Memphis their home,” Behles said.