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Walmart Canada had a nightmare of payment disputes with third-party freight carriers. The problem was solved by building a network. The system has eliminated the payments problem and has led to significant operational efficiencies. There are five lessons to be learned from this article on how to create a blockchain network.
Walmart has a reputation for being a leader in supply chain management. It could not insulate it from a problem that has plagued the transportation industry for decades: vast data discrepancies in the invoice and payment process for freight carriers, which required costly reconciliation efforts and caused long payment delays. Walmart Canada used a distributed-ledger technology, called theBlockchain, to create an automated system for managing invoices from and payments to its 70 third-party freight carriers.
