Walmart is planning to implement a blockchain-based delivery system called "Smart Package"
A new patent filing reveals US retail giant Walmart is seeking to utilize blockchain technology to perfect a smarter package delivery tracking system.
In an application released by the U.S. Patent and Trademark Office (USPTO) on Thursday (March 1), Walmart describes a "smart package" that would include a device which would record information on a blockchain regarding the contents of the package, its environmental conditions, its location and more. It also suggests that its smart package could be used in tandem with other emerging technologies including "autonomous vehicles" such as drones.
The patent was first submitted in August of 2017, and notably builds on a filing Walmart submitted for a blockchain-based drone package delivery tracking system last year.
Walmart explains in the filing that online shopping has created shipping challenges for retailers, particularly with regard to perishable products requiring temperature control, thus necessitating further innovation.
"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," Walmart writes in the application.
The application states that the blockchain component will be encrypted into the device, and will have "key addresses along the chain of [the package's] custody, including hashing with a seller private key address, a courier private key address and a buyer private key address."
Original article here: (1) http://www.aimhighwithvanicci.com/walmart-is-planning-to-implement-a-blockchain-based-delivery-system-called-smart-package/
(2) https://www.coindesk.com/walmart-using-blockchain-tech-make-shipping-smarter/
*Featured Image via DistilNFO
Let me know what you guys think in the comments below 😀👇
I believe that Wallmart and IBM have also started a big collaboration for blockchain implementation.
That's correct @cryptaligator :)
So they are just trying to patent a process? because I don't see anything that is a new physical "thing" here that would require a patent. I honestly don't know much about the patent process and what can and cant be but it just seems silly to say I want to register this process that anyone else can do with existing tech.....
All in all this is great news for blockchain adaptation world wide!
Good point @thinkingishard :)