Walmart: Develops Blockchain Freight Payment Network

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Walmart: Develops Blockchain Freight Payment Network

Walmart: Develops Blockchain Freight Payment Network

  • Walmart Canada has developed a blockchain-based network to facilitate logistics operations and payments
  • The network will support logistics operations across Walmart Canada‘s more than 400 retail store locations in the country
  • The technology also supports real-time invoicing, payments and settlement from directly within the portal
  • The ultimate objective of the solution is to reduce costs
  • Then it integrated with the legacy systems of the transport companies and has the benefit of generating invoices in real-time
  • In Europe, all the major car transporters clubbed together and launched a blockchain consortium