Blockchain

Walmart Obtains Patent For Blockchain Based Applications

American corporate giant Walmart is pursuing another patent for an innovation that has been built on blockchain technology.

The application cast by the company highlights systems for supervising smart appliances such as computers, tablets, and other portable computing devices that could even include wearable devices such as watches and gaming devices.

Users of this new innovation will access the technology with the use of a privately owned access key. As one example of this new innovation highlighted package is delivery from drones – a client may obtain a Kiosk and integrate it into the distributed ledger system using their gadget to arrange the authorization. In one illustration, the gadget might be a wearable gadget that keeps up the private key used to approve the exchange.

Reports from CCN highlight that the management will allow clients to streamline the degree of access and control for the kiosk. This includes the power to accept or decline a package or even place the order for an item.

The blockchain network leverages the Internet of Things (IoT) technology to operate the smart appliances. According to the patent, an asset in the IoT ecosystem may handle multiple roles but will be associated with only one role with regards to a single transaction.

Walmart’s patent also encourages the development of a smart home environment, where the above-outlined appliance system could be used in multiple manners and in other environments as well.

Walmart is noted for its more progressive views on blockchain technology and its integration into mainstream business trends. Off late, the retail corporation has filed applications for the multiple of blockchain-run systems, this includes a secure delivery system.

Some other of the corporation’s patent filings include a Smart Package system that can trace products along with their surrounding conditions. The firm has also pursued many other modes of blockchain implementation to advance its customer-oriented support systems.

 

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Siranjeev has been involved in content development and professional writing for over five years now. He's worked with tech firms, digital management companies and blog outlets. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy the website.

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