Acido213 (OP)
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March 02, 2018, 05:04:48 AM |
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A new patent filing finds retail giant Walmart 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, 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.
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TERA2
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Deb Rah Von Doom
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March 02, 2018, 05:10:02 AM |
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How does this affect us? That's like mentioning that people use SHA256.
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60659 📦
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edoansa
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March 02, 2018, 06:00:34 AM
Last edit: March 02, 2018, 06:29:05 PM by edoansa |
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These type of headlines shouldn't surprise us anymore. As the industry moves to the next phase of distributed ledger technology and blockchain adoption, many sectors might see a shift in the business processes and the current operating model. While blockchain holds great promise for cost reduction and creation of new products and services, this new technology is not a panacea. It could improve some processes, but not all. It is my belief that some sectors will definitely see faster adoption rates and blockchain tech implementation - for example shipping and logistics, which is also the case here for walmart.
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Kemarit
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March 02, 2018, 06:15:53 AM |
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These type of headlines shouldn't surprise us anymore. As the industry moves to the next phase of distributed ledger technology and blockchain adoption, many sectors might see a shift in the business processes and the current operating model. While blockchain holds great promise for cost reduction and creation of new products and services, this new technology is not a panacea. It could improve some processes, but not all. It is my beliefe that some sectors will definitely see faster adoption rates and blockchain tech implementation - for example shipping and logistics, which is also the case here for walmart.
Yes, there are a lot of industries that can really used and take advantage of blockchain technology and help them in their day-to-day operations. From banks to pharmaceuticals to even travelling sector. Their flow of transaction will be seamless and process that are old like purchase order/release/request will be real time and so inventory can be updated real time. Yes, as Walmart is more of a logistics, supply chain, blockchain can ensure that traceability of goods and items are recorded and can't be tampered that guarantees integrity of each transactions. Yes, manual intervention will not be totally eliminated by blockchain, but it can reduce human errors, resulting to a more proficient flow and cost is greatly reduced. |
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changalice715
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March 02, 2018, 07:16:35 AM |
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I am glad to see people welcoming new technology. However, compared to traditional centralized servers, I don't understand how this new patent can increase the benefits of users, retailers, or logistic companies.
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BarbusseH
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March 04, 2018, 03:25:33 PM |
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I am glad to see people welcoming new technology. However, compared to traditional centralized servers, I don't understand how this new patent can increase the benefits of users, retailers, or logistic companies.
Perhaps they simply solve the problem of loss of parcels in conventional systems. Or being late for delivery. |
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Mpamaegbu
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Once a man, twice a child!
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March 04, 2018, 03:38:49 PM |
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Previous, it was Alibaba. Now, Walmart. Next? - Facebook? Google? Yahoo? Honestly, I look up to a time Facebook and the ilks will adopt this blockchain technology. This will be a dream come true for me and a boost to the crypto community. I am glad to see people welcoming new technology. However, compared to traditional centralized servers, I don't understand how this new patent can increase the benefits of users, retailers, or logistic companies.
When cowries paved the way for fiat, not so many understood how it was going to survive. So, it is now with the blockchain. Don't worry dude, the workability will soon be made clearer. |
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arpon11
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March 04, 2018, 03:53:01 PM |
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How does this affect us? That's like mentioning that people use SHA256.
What ever affect blockchain technology affect us as a cryptocurrencies holder and enthusiastic. I see this as adoptions and this will add to the list of companies using blockchain technology in doing business. I think this going to affect bitcoin's price in future and we are to do be happy about it. |
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Morderus
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March 04, 2018, 04:25:36 PM |
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I am glad to see people welcoming new technology. However, compared to traditional centralized servers, I don't understand how this new patent can increase the benefits of users, retailers, or logistic companies.
Using blockchain in logistics makes it transparent. All actions are recorded and visible, so you see every step how the stuff moves from a warehouse to a customer. Wallmart is not the first company to launch blockchain logistics. Rotterdam port in Netherlands started the similar project in 2016. |
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Dragon5
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March 04, 2018, 07:44:51 PM |
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No wonder logistics has adapted blockchain technology for its needs. I'm sure more and more companies are bound to do the same in the future.
But it does not have any impact on cryptocurrencies or us)) directly.. So, I'm glad for businesses, but it would be more beneficial if they had transactions in BTC.
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Vladv26
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March 04, 2018, 08:04:00 PM |
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It is great to see that big companies starts to work and adopt the Blockchain technology in their businesses and thats not a surprise for me because Blockchain is great and it has a lot of potential to help the world.
This will surely help the cryptocurrencies because, people by getting involved with Blockchain technology they are also going to hear and use Bitcoin.
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aardvark15
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March 04, 2018, 08:17:04 PM |
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This proves that blockchain technology is useful for practical applications. However, they are probably using a centralized blockchain rather than using Bitcoin or any other decentralized blockchain. This doesn’t really affect cryptocurrency investors except it reinforces the legitimacy of this technology. More companies will start to adopt blockchain and some may even use cryptocurrencies at some point.
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carodupuis
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Live cams shows pimped with cryptocurrency on Sexy
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March 05, 2018, 05:53:19 AM |
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A new patent filing finds retail giant Walmart 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, 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.
Don’t know, but would prefer you posted a link to where you read it from so I could read from there and understand better. But from the way you explained, I don’t think I would have much interest. There are other more important things to focus on than that. |
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wxa7115
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March 05, 2018, 04:16:12 PM |
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How does this affect us? That's like mentioning that people use SHA256.
Probably nothing but it is interesting to read about use cases of the blockchain and its applications while this does not affect bitcoin or alts in anyway at the same time it is an example we can use to show to those that say bitcoin is a scam that bitcoin is based on very solid principles that can be applied to all kind of different tasks and problems. |
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djsugar
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March 05, 2018, 04:23:13 PM |
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Blockchain is a technology that has the potential to disrupt many sectors from banking to logistics. More than Bitcoin, the underlying technology of Blockchain is a revolution. Blockchain can help companies a lot in cost cutting and to give effective services and management. Already many companies are adopting blockchain tech and many will follow soon. Walmart, a company with huge inventories, can benefit a lot from blockchain tech.
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Hydrogen
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March 05, 2018, 10:58:21 PM |
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A new patent filing finds retail giant Walmart seeking to utilize blockchain technology to perfect a smarter package delivery tracking system.
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. Points of note here. Amazon was the first to propose utilizing drones for package delivery. Here's a news story from 2015 (two full years before walmart filed its patent) detailing amazon's plans to use drones to delivery goods: https://www.theverge.com/2015/7/28/9058211/amazon-new-details-plan-delivery-droneAmazon also recently purchased whole foods market and announced plans to expand their business into the perishable food market. It appears that walmart is attempting to copy and hijack amazon's future business plans. Amazon announced both drone delivery and perishable foods long before walmart although walmart may be successful in patenting some of those ideas before amazon can implement them which could lead to an eventual legal battle with a judge handing down a verdict. It might also be a desperation play on walmarts side. I doubt they'll be awarded the patents but maybe they don't have many other options. Maersk might also have pioneered utilizing blockchain for shipping purposes, long before walmart thought about it. This could also be stock market manipulation by walmart. They could be announcing this purely to inflate their stock price as so many others have done recently. |
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wandino
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May 10, 2018, 09:50:01 AM |
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Gives positive vibes. Walmart is utilizing blockchain technology to perfect a smarter package delivery tracking system, which can record information on a blockchain regarding the contents of the package, its environmental conditions, its location and more. And, the smart package could be used in other emerging technologies including "autonomous vehicles," such as drones.
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xanxus.kun
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You have to get what you want your own way.
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May 10, 2018, 09:54:17 AM |
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Then good for them, I like the way they adopt to the technology nowadays, especially the use of blockchain, since walmart started using it then i think its a good sign for us, sooner or later for sure bit by bit other companies will try this out as well.
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Jonsnowstark
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May 10, 2018, 11:58:35 AM |
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Well there has been a lot of big companies using the technology behind bitcoin to run their logistics side of the company. Its good how they see blockchain technology useful to their business. I hope they will in turn payback bitcoin by allowing it as a payment system with these big companies. That's the only way they could somehow pay bitcoin and satoshi nakamoto for the brilliance of the blockchain technology.
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eternalgloom
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May 10, 2018, 12:09:00 PM |
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The only noteworthy thing about this type of news is that blockchain is slowly but surely making some jobs completely obsolete.
That's a whole section of their 'production' chain being fully automated, I think it's likely that we'll see even more industries follow suit here.
I really think that orderpicking and supply-chain management will move to the blockchain.
But I do also wonder how far they will try to go with patenting everything.
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