Today
Walmart Canada announced that its freight blockchain solution is in production with 70 trucking partners sharing data for deliveries to its 400 Canadian retail stores. Developed in conjunction with
DLT Labs, the solution tracks shipments, verifies transactions, and automates payments and reconciliation between Walmart and its transport companies.
The ultimate objective of the solution is to reduce costs. It is integrated with the legacy systems of the transport companies and has the benefit of generating invoices in real-time.
“Walmart Canada is dedicated to efficiency across our business, including most importantly in our supply chain and logistics management,” said John Bayliss SVP of logistics and supply chain for Walmart Canada. “Our carrier partners move over 500,000 loads of inventory nationally, which creates an extraordinary volume of transaction data.”
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