Walmart Appears for Retail Product Resales to Blockchain
Walmart Appears to Blockchain for Retail Product Resales
Walmart’s most up-to-date application describes how a “dispersed delivery record blockchain” would be updated as products move from the vendor to the courier to the purchaser, with new trades signifying each step.
A new patent software by retail giant Walmart reveals how blockchain can be utilized to bolster its digital offerings for consumers.
The idea of Walmart really pursuing this kind of use case is not that far-fetched – last September, the retailer detailed how it was testing automated delivery options using a limited set of consumers in California.
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The document, published last Thursday by the U.S. Patent and Trademark Office, outlines a blockchain ledger which would track the items that stores market to a specific customer. It’s the latest example of an intellectual home drama by Walmart, which has registered a number of related software and has also piloted the tech for monitoring food products.
Walmart image via fotomak / Shutterstock
The proposed system would enable a customer to register the item after it’s purchased for the very first time. The customer would then have the ability to pick a cost for a resale, together with the system behaving essentially as a electronic marketplace, according to the program.
“By one strategy, the transfer from the vendor to the courier may require signatures from both the sender and the courier with their respective keys. The new trade could possibly be broadcasted and confirmed by the sender, the courier, and the purchaser, or other nodes in the system prior to being added to the dispersed delivery record blockchain. After the package is transferred from the courier to the purchaser, the courier may utilize the courier’s private key to authorize the transfer of their electronic asset representing the physiological advantage from the courier to the purchaser and update the delivery record using the new trade.”
Maybe just as noteworthy is that the program seems to work in details from a different usage case – dispersed delivery monitoring – that was outlined in a past patent filing.
The company wrote: