In an increasingly data-driven world, it’s a challenge for businesses to share and analyze the sheer volume of information they generate daily, both internally and externally. Improper handling of this information can lead to data loss, inefficient operations and impacted cash flow.
Enter blockchain technology companies like DLT Labs. Founded by industry pioneers, the company has developed over 3 million lines of code to develop the world’s first and most stable distributed platform for enterprises. DLT Labs continues to develop and deploy innovative enterprise solutions using distributed ledger technology to share and analyze mission-critical data — and ultimately, move the needle for business success.
With the world’s biggest private enterprise blockchain network, DLT Labs is the leading provider of blockchain solutions for global businesses, such as Walmart Canada, Teck Resources and Mastercard. In Japan, the Japan International Cooperation Agency and Lotte are two innovative organizations for which DLT Labs has created seamless da-ta-sharing platforms for the ethical and sustainable sourcing of cacao beans from West Africa.
“You’ve got all this data, every-where, and you don’t know what to do with it. What you need is an engine in the middle to organize the data and help build brand integrity. That’s where blockchain comes in,” Francis Lalonde, chief commercial officer for DLT Labs, pointed out.
“Blockchain data cannot be tampered with. It’s what we call a ‘single source of truth.’ A clear record is made on the platform, and all the business parties can see that,” explained Andrew Neuman, the business development manager at DLT Labs K.K. in Tokyo. “It’s very trustworthy and reliable because everything is on record.”
Moreover, DLT Labs offers highly configurable solutions — built configurable solutions to suit every client’s unique requirements, from supply chain management and automated invoice generation to freight payments and data analysis.
“Every solution is tailored to the customer’s needs,” Neuman noted. “We have a platform that’s very configurable and we can get a solution up and ready for a customer with-in a couple of weeks or a couple of months.”
Lalonde said this works well with clients in Japan.
“In Japan, we’re very much focused on landing clients in supply chain management because that’s an area where we can replicate the use case with Walmart Canada very easily.”
Neuman concurred, highlighting the potential its technology poses to the Japanese market, saying: “The technology is still in its early days here in Japan, but Japanese businesses are looking for ways to make their employees more effective, more productive, because of the shrinking population. There’s also typically a lot of paper documentation. Blockchain can help all that.”