Walmart has filed a patent application for a "smart package" that would track products more efficiently and authenticate customers in a more streamlined manner.

walmart-files-patent-for-blockchain-based-shipping
Walmart Files Patent for Blockchain-Based Shipping Solution (Source-Flickr)

2017 was the year that saw numerous beginning blockchain ventures take off, giving financial specialists and tech evangelists a feeling of positive thinking about the fate of this innovation and its suggestions for both the private and open segments.

We can see an increasing speed this year, with organizations like Walmart dunking their toes into the pool and finding better approaches to make their supply chains more complex and proficient.

The world's best retailer of incomes recorded a patent a week ago, depicting in it a "savvy bundle" that would work on what is apparently a private blockchain created by the organization.

The document contains the following section:

Many customers shop online for various reasons include (sic) ease of shopping, comfort of shopping, to save time and any number of other reasons that customers may have for shopping online. These online customers many times seek to purchase items that may require a controlled environment and further seek to have greater security in the shipping packaging that the items are shipped in. Current shipping packaging does not provide for such desired functionality.
This follows numerous mentions of a blockchain that would improve tracking mechanisms for customers who order online from Walmart’s website.

For example, the patent describes a blockchain-based system that would provide more convenient ways for customers to authenticate themselves as the owners of the products they ordered. The way this would work, according to Walmart’s vague description in its application, is that the “smart package” would have a monitoring device attached to it that would detect when the package is opened and then proceed to update its status.

 This isn’t the first time the retailer has pondered blockchain-related projects. Towards the end of last year, Walmart partnered with IBM to improve food safety in China using blockchain technology.

If the project comes to fruition, shoppers will be able to use their smartphones to track the journey their food made to the store.
Bolbhai

Bolbhai

I have been a developer for last five years working experience in different technology, apart from this I loved traveling, blogging and exploring the crypto world.

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