walmart canada blockchain
Walmart Canada Launches Blockchain Supply Chain Management
November 15, 2019
walmart canada blockchain
Walmart Canada Launches Blockchain Supply Chain Management
November 15, 2019

Walmart Canada rolls out an automated blockchain-based supply chain management for freight tracking and payment management.

According to a Nov. 14 press release the new system is developed in collaboration with DLT Labs, a freight and payment processing blockchain company that enables users for automatic trace deliveries, verify transactions and handle payments and reconciliation.

Walmart and DLT Lab’s Integration With Each Company’s Legacy System

The announcement further stated that the network can be integrated with a business legacy system and “manages, integrates and synchronizes all the supply chain and logistics data in real time, aggregating the data between Walmart Canada and its fleet of third-party trucks on a shared ledger.”

John Bayliss, senior vice-president of logistics and supply chain at Walmart Canada, noted the efficiency of blockchain technology when handling massive loads of inventory:

ALSO READ :  Report: People Are Still Unaware Of DeFi

“This new dynamic and interactive blockchain technology platform is creating complete transparency between Walmart Canada and all of our carrier partners. Blockchain is enabling a material advance in our smart transportation network, with expedited payments, extensive cost savings and other benefits among our supply chain. Moreover, this degree of improved efficiency represents a powerful platform for us to continue to reduce our environmental footprint and continue our leadership in environmental sustainability.”

Walmart Blockchain Supply Chain in India

On Oct 18, cryptonewspoint reported that Walmart Inc is piloting a blockchain project to trace shrimps sourced from India, Andhra Pradesh while being shipped to selected locations of Sam’s Club in the US.

It is one of the first kind projects to use blockchain technology to track the export of shrimps from the farmers of India to a retailer abroad.


Source: PR Newswire


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
Share This

Share This

Share this post with your friends!