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Walmart Patented Delivery Service with Blockchain

Friday, March 2nd, 2018 | bitcoin updates

Read the article: American retail giant Walmart plans to use blockchain technology to perfect an intelligent package delivery and tracking system. It is not the group's first patent to target Blockchain technology. The market for 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 Foods 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, 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 delivering food: "These online customers often try to buy items that require a controlled environment and continue to strive for bigger ones 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 a pure loss business for Walmart, and all German branches have been closed since 2006. BTC-ECHO About Tanja GieseTanja Giese has been working as an editor for BTC-ECHO since August 2017 and has been writing her own articles since October 2017. She studied German philology, literature and philosophy in Potsdam and graduated with a master's degree. She has gained professional experience above all in start-ups and a digital agency. The focus of her interest in the crypto-world is the social benefits and the handling of politics with the changes that the advance of the cryptocurrencies demands. All contributions by Tanja Giese


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