Delivery Infrastructure Based on Blockchain Technology – Walmart Patented

Delivery Infrastructure Based on Blockchain Technology – Walmart Patented

One of the leading US retail giants Walmart that has applied for its Smart Package System received the green light by the US Patent and Trademark Office, on March 1 according to a report from Fintech Finance.

With the system, Walmart wants to implement a blockchain technology based tool which will be able to track contents, package, location, environmental conditions and other following up details. The service is designed to target new technologies [as it is itself] like unmanned drones and autonomous vehicles.

The blockchain platform will be used so it records the key addresses along the chain like seller private key address, courier and buyer.

In the patent application, Walmart highlighted that there is much need and request to develop a tool offering “better security in the shipping packaging that the items are shipped in.” The application says that the existing tracking instruments do not yet provide “such desired functionality”. Walmart first filed its “Smart Package” application in August, 2017, reports Fintech Finance.

“Smart Package” is not the first instance of Walmart utilizing Blockchain technology. In November, 2016, Walmart partneredwith IBM to use Blockchain to detect and remove recalled foods from its products list.

Another shipping and delivering company has been tasting out block-tech as the US shipping firm UPS was included in the Blockchain in Trucking Alliance [BiTA] in November last year. PSA International – Singaporean port operator, signed down a deal with IBM to test a supply network that is based on blockchain, in August last year also.

05.03.2018 / 11:10 119
Intel’s Blockchain Application Tracks Global Seafood From Ocean to Plate Intel’s Blockchain Application Tracks
As detailed in a 2016 report by Oceana, fraud is a huge problem in the seafood industry. Based on data compiled from 200 studies, the ocean
Walmart To Implement Blockchain-Based Delivery System Walmart To Implement Blockchain-Based
Walmarts patent application on a Blockchain-based delivery device was released by the US Patent and Trademark Office (USPTO). The application of US
Chinese Retail Giant To Use Blockchain To Track Beef, Prove Food Safety Chinese Retail Giant To Use Blockchain
Chinese retail giant JD.com to implement Blockchain-based food monitoring system for its beef supply. The Chinese e-commerce giant JD.com is
PayPal Is Seeking Faster Crypto Payments Tech PayPal Is Seeking Faster Crypto
PayPal is eyeing a way to boost the speed of cryptocurrency payments, a newly-released patent filing shows. An application for an "Expedited Virtual
Walmart Wants Blockchain to Make Shipping 'Smarter' Walmart Wants Blockchain to Make
A new patent filing finds retail giant Walmart seeking to utilize blockchain technology to perfect a smarter package delivery tracking system. In an
Chinese Universities Are Pursuing Blockchain Patents Chinese Universities Are Pursuing
Several top-tier public universities in China are stepping up efforts to patent blockchain applications developed on campus. New data published on
Comments (0)
Add a comment
Comment on