LiteLink Selected by Deloitte as Blockchain Delivery Group
LiteLink Technologies Inc., a leader in logistics, artificial intelligence and digital payment solutions is pleased to announce that it has been selected by Deloitte Canada to bring technical experience to key client engagements.
This collaboration has already generated a successful client engagement, as Deloitte and LiteLink have effectively delivered a blockchain solution in the supply chain, logistics space for a key public sector client. This Minimum Viable Product (MVP) was built on Quorum, a permissioned, enterprise grade fork of the Ethereum public blockchain platform developed by J.P. Morgan.
Deloitte began identifying a suitable use-case with their client in late 2017 to validate the alignment of the problem with the technology. This solution enables a shared trusted record of immutable, transparent data between participants to drive operational efficiencies in an existing process that is manual and involves multiple stakeholders. The solution also allows the automation of activities with the use of smart contracts creating further efficiency gains amongst parties.
“LiteLink collaborated with Deloitte to be an early adopter seeking out Clients that had a real need for the use of blockchain. We found a very necessary use case to drive immutable audit trails and mission-critical workflows to drive the cost of human error and leakage down in a multinational setting,” said Jason Lawrence, LiteLink CTO.
“These types of relationships with Deloitte are exceptionally important to gain access to large enterprise opportunities where we can leverage each other’s strengths, economics, and talent pool to drive out the best blockchain solutions for our customers,” commented LiteLink CEO Ashik Karim.
“Supply chains and logistics systems in both the private and public sectors are rife with opportunities to be revamped and reimagined. By applying Blockchain technologies as an innovative and effective tool to lead this overhaul, Deloitte is pleased to team up with companies like LiteLink to bring more value to shareholders and ratepayers,” said Don MacPherson, Engagement Partner at Deloitte.
LiteLink combines deep industry experience in Logistics with leading-edge technologies to create an ecosystem of shippers, third-party logistics companies, and trucking carriers to operate together with a reduced effort, lower cost, and greater predictability. LiteLink has also established a core blockchain team in British Columbia that has found practical applications for the use of blockchain in logistics, supply chain, and rating.