Also DLT labs was also at Transparency 18, but onl
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Posted On: 10/31/2018 10:24:03 AM
Also DLT labs was also at Transparency 18, but only as a company that attended. They caught somebodies eyes in May and Marketwaves brought them back in NOV to do an Actual Demo..
Just throwing timelines out there.
little info from that article
Here’s a summary of some of the presenters and what they’ll be discussing in Dallas; we’ll be adding more as the conference approaches.
DLT Labs
DLT Labs, a global provider of enterprise data management solutions powered by blockchain, will be presenting its DL Asset Track solution.
DL Asset Track is a supply chain management system for the freight and logistics industry that utilizes blockchain technology to increase efficiencies, reduce costs and optimize the flow and tracking of goods, the company said. This solution guarantees the verifiability of carrier claims and accessorial costs, provides real-time shipment traceability, and delivers the highest level of invoice matching and payment assurance for increased payment approvals throughout a supply chain.
Used within freight payment management systems, DL Asset Track provides that single reference point of “truth” in a transaction for all participants. In addition to verifying carrier claims and accessorial charges, the solution can eliminate payment delays since shipment tender details are updated in a timely manner and stop duplicate entries in different applications due to a lack of data integration/mirroring between systems.
These types of situations lead to higher operational costs due to the time and resources needed to verify costs and reconciling payments. Companies can also eliminate overpayments by shippers and delayed payments to carriers by using DL Asset Track, the company notes.
DLT Labs says its DL Asset Track, like all blockchain applications, provides an immutable, single source of truth for all participants; greater traceability and validity of all authorized data entries in the supply chain; instant verification of accessorial costs; real-time update and verifiability of shipment details; and instant payment clearance at a fraction of the transaction cost.
Additional benefits include a reduction in less time spent on manual invoice reconciliation; enhanced security, better traceability and invoice matching; faster payment of invoices, resulting in more discounts; and tamper-proof claims.
DL Asset Track will enter production in January with a Canadian subsidiary of a major global retailer, DLT Labs says.
Just throwing timelines out there.
little info from that article
Here’s a summary of some of the presenters and what they’ll be discussing in Dallas; we’ll be adding more as the conference approaches.
DLT Labs
DLT Labs, a global provider of enterprise data management solutions powered by blockchain, will be presenting its DL Asset Track solution.
DL Asset Track is a supply chain management system for the freight and logistics industry that utilizes blockchain technology to increase efficiencies, reduce costs and optimize the flow and tracking of goods, the company said. This solution guarantees the verifiability of carrier claims and accessorial costs, provides real-time shipment traceability, and delivers the highest level of invoice matching and payment assurance for increased payment approvals throughout a supply chain.
Used within freight payment management systems, DL Asset Track provides that single reference point of “truth” in a transaction for all participants. In addition to verifying carrier claims and accessorial charges, the solution can eliminate payment delays since shipment tender details are updated in a timely manner and stop duplicate entries in different applications due to a lack of data integration/mirroring between systems.
These types of situations lead to higher operational costs due to the time and resources needed to verify costs and reconciling payments. Companies can also eliminate overpayments by shippers and delayed payments to carriers by using DL Asset Track, the company notes.
DLT Labs says its DL Asset Track, like all blockchain applications, provides an immutable, single source of truth for all participants; greater traceability and validity of all authorized data entries in the supply chain; instant verification of accessorial costs; real-time update and verifiability of shipment details; and instant payment clearance at a fraction of the transaction cost.
Additional benefits include a reduction in less time spent on manual invoice reconciliation; enhanced security, better traceability and invoice matching; faster payment of invoices, resulting in more discounts; and tamper-proof claims.
DL Asset Track will enter production in January with a Canadian subsidiary of a major global retailer, DLT Labs says.
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