News. Walmart Blockchain Technology News and How Does it Work? Episode 3

Walmart Blockchain Technology News and How Does it Work?

Walmart, the American-based multinational retailer and the world's largest company, was awarded a U.S. patent for a blockchain-based delivery management solution. The “Delivery Reservation Apparatus and Method” patent details a system by which locker space changes in docking stations could be tracked on a public ledger, allowing the company to see if its storage units are in use, reserved or free. Each docking station and delivery hub could be represented as a blockchain node. This patent was first filed back in January 2017 and is only one of Walmart's blockchain-related patents from the last two years, reflecting the company leadership's newly developed interest in this technology, as well as the difficulties its online delivery service has ran into.

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[romanpetrush]

Walmart and blockchain is something cool.

[daniiladamov]

Success in mainstream business (and Walmart, despite the publicity problems briefly hinted at in the video, is certainly very successful) doesn't always guarantee success in the cryptoindustry. And some already say that Walmart's blockchain patents are more of a way to deny the possibility of using those ideas to competitors, in any case (but I am not so sure about that; they certainly could use such a solution to help themselves). Still, this is a sign of how widely accepted blockchain technology has become. Good video!