Walmart builds blockchain solutions to run payments of its carriers in Canada.

Walmart builds blockchain solutions to run payments of its carriers in Canada.

Blockchain
November 15, 2019 by cryptogavel
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Walmart builds blockchain solutions to run payments of its carriers in Canada. Walmart‘s Canada unit has developed a blockchain solution to track deliveries, authenticate transactions and automate payment of its carriers, which delivers inventories to its over 400 retail stores across Canada. The solution termed ‘dubbed blockchain-based freight and payment network, has been developed in
Walmart builds blockchain solutions to run payments of its carriers

Walmart builds blockchain solutions to run payments of its carriers in Canada.

Walmart‘s Canada unit has developed a blockchain solution to track deliveries, authenticate transactions and automate payment of its carriers, which delivers inventories to its over 400 retail stores across Canada.

The solution termed ‘dubbed blockchain-based freight and payment network, has been developed in an association with blockchain startup DLT Labs.

The solution is accessible via web and mobile app and scheduled to be effective and go live by February 1, 2020 for all third parties carriers of Walmart Canada.

It synchronizes all the supply chain and logistics data in real time and aggregates it on a shared ledger between Walmart Canada and its carriers. The operation has the overall benefit of improving operations and reducing costs.

More than 4,500 associates and drivers move thousands of items daily from Walmart’s distribution counters to its stores while they move 853 million cases of merchandise annually . Hence the need for the automation of the data collection and management using blockchain results , being significantly cost -saving.

Walmart has been carrying out nemerous blockchain initiative across its subsidiaries .

Recall that in June, Walmart China built a blockchain solution aimed at tracing produce, ranging from fresh meat to rice to mushroom. It aided shoppers to know products origin, logistics process etc.

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