Not that while the relation between redshift and distance is not linear, it is monotonic, i.e. the bigger the redshit, the further away the objects is. But since it is further away, you are also looking at it while the universe was younger. So redshift can also be used to measure *time* with z=0 is now and z -> infinity is approaching big bang. The oldest object are believed to have formed at z around 10-20 and the highest redshift object we have seen is a quasar at something a bit less than z=7... While this record will probably be pushed up, there are simply fewer very bright objects at higher redshift. Cosmic Microwave Background has redshift of about z=1300.
a