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ARTICLE · 09 JANUARY 2020

New Blockchain Supply Chain Solutions And Patent Applications Announced

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A multinational retail giant and DLT Labs recently launched a blockchain-based freight and payment network that is the largest of its kind in the world, according to reports.

United StatesTechnology
Diana J. Stern
Diana J. Stern
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A multinational retail giant and DLT Labs recently launched a blockchain-based freight and payment network that is the largest of its kind in the world, according to reports. The permissioned system, a variant of Hyperleger Fabric, tracks deliveries, verifies transactions, and automates payments, invoicing and reconciliation among the retailer's Canadian division and its carriers. The solution incorporates IoT sensors and integrates with legacy systems. According to reports, the system could be used by more than 70 trucking companies that transport goods and deliver them to more than 400 stores.

The Blockchain in Transport Alliance (BiTA) recently announced that it is engaging in two proofs of concept. Both will involve the consortium's Standards Review Working Group to ensure alignment with other emerging, global blockchain standards. One of the projects will center on ports, with the Port of Miami, Florida Blockchain Foundation, U.S. Department of Agriculture, and

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