Walmart Files Blockchain Shipping Patent

[alyssa85]

https://www.btcnn.com/walmart-files-blockchain-shipping-patent-pursues-accurate-tracking/

The multinational retail company Walmart has filed a patent application that details the use of a blockchain based system to keep track of shipments. The application is dated March 1, 2018.

The filing details the system core as a “smart” package, with an attached monitoring device that’s always connected to a network operated to give details of the state that the given package has in any time. Further into the application it is revealed that the system that it uses to track shipments is blockchain based: “a modular adapter coupled to an outer surface of the body portion, wherein the modular adapter is configured to releasably connect to an output of a delivery vehicle system; and a delivery encryption system comprising a blockchain for package tracking and authentication.”

Presumably the packages will become nodes that connect to Walmart's blockchain.

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[alyssa85]

It looks like Alibaba (Chinese giant) is also tracking products using a blockchain. See:

https://captainaltcoin.com/alibaba-continues-to-adopt-blockchain-for-product-tracking-through-its-subsidiaries/

TMall – owned by Alibaba – will be adopting blockchain technology to make international payments in its supply chain, as well as to track products throughout its distribution chain.

TMall’s intention to adopt blockchain comes as a result of an alliance with the logistics company Cainiao, of which Alibaba is also a shareholder, and which has recognised the potential of blockchain for international e-commerce.

The information, reported by the Xinhua news agency, has not yet been officially confirmed by the company. But it is alleged that distributed accounting technology could be used to record information concerning the import and export of products, such as country of origin, time of arrival at port, methods and time of storage and transport, as well as other aspects of this activity so important to China’s economy.

That just leaves Amazon to adopt blockchain tracking - perhaps they've got plans in the works?

[solarion]

https://www.btcnn.com/walmart-files-blockchain-shipping-patent-pursues-accurate-tracking/

The multinational retail company Walmart has filed a patent application that details the use of a blockchain based system to keep track of shipments. The application is dated March 1, 2018.

The filing details the system core as a “smart” package, with an attached monitoring device that’s always connected to a network operated to give details of the state that the given package has in any time. Further into the application it is revealed that the system that it uses to track shipments is blockchain based: “a modular adapter coupled to an outer surface of the body portion, wherein the modular adapter is configured to releasably connect to an output of a delivery vehicle system; and a delivery encryption system comprising a blockchain for package tracking and authentication.”

Presumably the packages will become nodes that connect to Walmart's blockchain.

Great news you have been shared here buddy. Why you did not create the thread on Service discussion. Since wallmart reserve the patent of the shipping any blockchain related shipping. This is perfectly works in the market.
May be they comes with the New ICO proposal also for this project to increase the fund without from their hand. Hope this implementation takes the bitcoin price bumped in the market.

[dado7]

Although I despise Walmart for selling bullets in their shops in the history, I really congratulate them now for being one of the first in the world to recognize the usability of the Blockchain. Well, different manager, different time. Well done.