Proactive Investors - Run By Investors For Investors

Deloitte Canada picks LiteLink Technologies to provide technical edge, be blockchain delivery group

LiteLink CEO Ashik Karim says the relationship with the accounting goliath is “exceptionally important” to gain access to large enterprise opportunities
A man working on accounts
LiteLink develops enterprise platforms that use artificial intelligence, blockchain, and predictive analytics to solve technology problems in the logistics and digital payment industry

LiteLink Technologies Inc (CSE:LLT) (OTC:LLNKF) revealed Friday that it has been selected by accounting goliath Deloitte Canada to bring a technical edge to key client engagements.

LiteLink Technologies develops enterprise platforms that use artificial intelligence, blockchain, and predictive analytics to solve outdated technology problems in the logistics and digital-payment industries.

The new collaboration between LiteLink and Deloitte has already successfully delivered a blockchain solution to a key public-sector client that dabbles in the supply-chain and logistics space. This Minimum Viable Product (MVP) was built on Quorum, a permissioned, enterprise-grade fork of the Ethereum public-blockchain platform developed by JPMorgan Chase & Co (NYSE:JPM).

READ: LiteLink Technologies' subsidiary’s hot esports digital wallet Streambucks is official payment sponsor of EGLX 2019

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.

Benefits of blockchain technology

“LiteLink collaborated with Deloitte to be an early adopter seeking out clients that had a real need for the use of blockchain,” said LiteLink CTO Jason Lawrence. “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.”

LiteLink CEO Ashik Karim said the relationship with Deloitte is “exceptionally important” to gain access to large enterprise opportunities.

“Supply chains and logistics systems in both the private and public sectors are rife with opportunities to be revamped and reimagined,” said Don MacPherson, Engagement Partner at Deloitte. “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.”

LiteLink has a core blockchain team in British Columbia that has found practical applications for the use of blockchain in logistics, supply chain, and rating.

The company’s flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time.

Contact Uttara Choudhury at [email protected]

Follow her on Twitter@UttaraProactive 

View full LLT profile View Profile

LiteLink Technologies Inc. Timeline

Related Articles

G Medical's Prizma device
January 21 2019
The mobile and e-health company is set for first production from its facility in Guangzhou, China.
Phone and laptop with images of people and social media graphics
May 29 2019
The company’s MjLink.com business-to-business social network is the fastest growing digital marketing, e-commerce platform in the cannabis industry
abstract technology
February 25 2019
The global provider of technology solutions to the cannabis sector has a footprint in California, but has global intentions
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use