Walmart Canada and DLT Labs roll-out blockchain supply chain platform

Walmart Canada has partnered with DLT Labs to launch a blockchain-based freight and payment network.

This uses distributed ledger technology to track deliveries, verify transactions and automate payments and reconciliation among Walmart Canada and its carriers which deliver inventory to over 400 retail stores across Canada annually.

All the retailer’s third-party carriers are scheduled to be live by 1st February 2020. The solution is accessible using a web portal and a mobile application.

"This new dynamic and interactive blockchain technology platform is creating complete transparency between Walmart Canada and all of our carrier partners,” says John Bayliss, Senior Vice President, Logistics and Supply Chain, Walmart Canada.

“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."