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Deloitte Canada has selected LiteLink Technologies, a Canadian public enterprise technology company, as blockchain delivery group, according to a press release dated May 24.
Founded in 2010, LiteLink is focused on solving real-world problems across the logistics & supply chain and remittance & payments industries using artificial intelligence (AI), blockchain, and other leading-edge software. It has established a core blockchain team in British Columbia that has identified practical blockchain applications in logistics, supply chain, and rating, it said.
Deloitte Canada has selected the company to bring technical experience to key client engagements. LiteLink CEO Ashik Karim said that such relationships with Deloitte are important to gain access to large enterprise opportunities which help leverage “each other's strengths, economics, and talent pool to drive out the best blockchain solutions for our customers.”
“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.
Per the official announcement, Deloitte Canada and LiteLink have already delivered a blockchain solution in the supply chain and logistics space for a key public sector client. The Minimum Viable Product (MVP) was built on Quorum, a permissioned, enterprise-grade fork of the Ethereum blockchain platform developed by J.P. Morgan.
LiteLink said that the blockchain solution enables a “shared trusted record of immutable, transparent data” between participants, which helps enhance operational efficiencies in an existing manual process involving multiple stakeholders. Furthermore, the use of smart contracts enables automation of activities, 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.
