American retail giant Walmart plans to use blockchain technology to perfect an intelligent package delivery and tracking system. It’s not the group’s first patent that targets Blockchain technology.
The market of online supermarkets is still booming. Ordering food from the sofa and having it delivered to your apartment door simply meets the zeitgeist of our digital society. However, this service also presents challenges that providers have to face. Food is perishable, so the supply chain needs to be closely monitored.
Fresh food thanks to blockchain technology
In the summer of last year, Walmart announced that it also wanted to launch an online delivery service. First, employees of the group should deliver orders on their way home. Now Walmart wants to tackle it more professionally. Yesterday, the US Patent and Trademark Office (USPTO) issued a patent application from Walmart. The global retailer describes it as a “smart package” that aims to include a device that records data such as content, location and environmental conditions of the package via a blockchain. It is encrypted within the device and hashed consecutively with key addresses along the supply chain, including hashs of the seller’s, courier and buyer’s private keys. The patent was filed as early as August 2017. In it, the company points to the difficulties involved in the delivery of food:
“These online customers often try to buy items that require a controlled environment and continue to strive for greater security in the shipping box in which the items are delivered.”
These challenges should be overcome by the Smart Package. This is to be able to be used together with other intelligent technologies, z. B. with “autonomous vehicles” such as drones. Back in May of last year, Walmart had patented a system that could track delivery drones using blockchain, we reported. We will not see these patented Blockchain drones in Germany that fast. The German market was for Walmart a pure loss business, since 2006, all German branches are closed.
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube
