Walmart Canada has developed a blockchain solution to track deliveries, verify transactions and automate payments of its carriers, which deliver inventory to its over 400 retail stores across Canada annually.
Walmart Canada dubbed the solution ‘blockchain-based freight and payment network’, which is built in an association with blockchain startup DLT Labs, according to an announcement released on Thursday. it is accessible via web and mobile app and is scheduled to go live by Feb. 1, 2020, for Walmart Canada’s all third-party carriers. The blockchain solution will synchronize all the supply chain and logistics data in “real time” and aggregates it on a shared ledger between Walmart Canada and its carriers.
The retail giant has been working on a number of blockchain initiatives across its subsidiaries. In June, Walmart China built a blockchain solution to trace produce, ranging from fresh meat to rice to mushrooms. It enables shoppers to know products’ origin, logistics process and inspection record, among other information.
More than 4,500 associates and drivers move thousands of items daily from Walmart Canada’s distribution centers to its stores; while annually, they move 853 million cases of merchandise, per the announcement, which adds: “Automating this data collection and management using blockchain results in a significant cost-saving.”