Boardwalktech Adds New Customer in Food Service Sector
BWLK continues expansion with new client license for the Boardwalk Digital Ledger Platform
CUPERTINO, CA, Sept. 17, 2019 /CNW/ - (TSXV:BWLK) - Boardwalktech Software Corp ("Boardwalktech") today announced that it has signed a new client that will implement the Boardwalk Digital Ledger Platform ("Boardwalk") for Sales and Operations Planning, delivering improved business results, higher ROI, and increased sales. The contract expands the Company's recurring revenue base through the addition of a new enterprise license and this new Sales and Operations Planning application, as well as non-recurring revenue from professional services. This is the fourth new client license or client extension that Boardwalk has executed so far this quarter.
- The new client is a rapidly growing global food produce service company using its innovative, industry changing technology and techniques to significantly increase the shelf-life and improve the quality of food, thereby greatly reducing waste. These consumer-based food products are sold to both produce suppliers and through leading retail stores and chains. The Sales and Operations application which when run on the Boardwalk Digital Ledger Platform enables a real-time digital connection between the client with its produce suppliers / retail customers, versus the current method of emailed attachments and physical logs, to more effectively execute demand and supply planning. Both parties expect this will be the first of many Boardwalk applications planned for this client to help it expand and grow its business.
"This mission critical Sales and Operations Planning application that will run on the Boardwalk Digital Ledger Platform will help our client better manage their planning for sales, manufacturing and operations providing a solution that will allow them to rapidly expand and deliver great value to their customers and a better, fresher, and longer lasting product to the consumer," said Andrew T. Duncan, CEO of Boardwalktech. "We are proud to be working with this client and their ground-breaking new technology to improve food quality and fight global food waste."
Mr. Duncan continued, "This latest application further validates that the Boardwalktech platform can be adopted by and generate significant ROI for enterprises in a wide variety of industries, seeking better multi-party digital ledger based solutions. Digital transformation, predictive analytics, track and trace and increasing the speed of product delivery from farm to consumer is paramount for the future of improving food sustainability and food quality for people around the world."
The Boardwalk Digital Ledger Platform is the #1 environment for multi-party collaborative enterprise planning applications enabling trusted, authenticated, traced and secure transactions managed on a private permissioned digital ledger. Boardwalktech's platform provides the end-to-end framework needed for enterprise customers to digitally transform existing manual planning processes, enabling a more timely, accurate, and predictive business outcome delivering a high ROI and business value to the enterprise.
Boardwalktech has developed a patented Digital Ledger Technology Platform that is in use today by 26 of the Fortune 500 running over 100 live mission critical applications world-wide. This enterprise platform allows for multi-party collaboration, provenance, verification and blockchain immutable transactions on a trusted, shared, and secured private permissioned blockchain cloud service. The Boardwalktech platform allows rapid application development on any device or user interface and full integration with enterprise systems of record.
Forward-Looking Information and Statements
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Released September 17, 2019