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Walmart Canada Rolls Out Blockchain-Based Freight and Payment System

Published 11/14/2019, 01:44 PM
Updated 11/14/2019, 03:21 PM
Walmart Canada Rolls Out Blockchain-Based Freight and Payment System
WMT
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Walmart (NYSE:WMT) Canada — the retail giant’s Canadian branch — has rolled out an automated blockchain-based network for freight tracking and payments management, according to a Nov. 14 press release.

The new system, which was developed in collaboration with blockchain company DLT Labs, is designed to improve freight and payment processing, enabling users to automatically trace deliveries, verify transactions and handle payments and reconciliation.

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