Walmart Is Using Blockchain Tech for shipping.

Dreamchaser21

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Quote from: jmvzlfyg on June 03, 2018, 08:19:35 AM

This will be a good news. Only if digital money is widely used, can our community develop bigger and better. I believe there will be more shopping websites using bitcoins in a few years.

I think its not bitcoin but a blockchain technology, oh well as long as its related to cryptocurrency this can be a big move of Walmart. I believe this is the beginning of greater future as many big companies are adopting blockchain technology to improve their services.

jmvzlfyg

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This will be a good news. Only if digital money is widely used, can our community develop bigger and better. I believe there will be more shopping websites using bitcoins in a few years.

Odebode5

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It is a very nice development that worth emulation by some other company.

Suprex125

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Quote from: Acido213 on March 02, 2018, 12:04:48 AM

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.

we can conclude that the blockchain technology is amazing. many companies are adopting blockchain technology.
the transparency of this technology will attract customers.

dothebeats

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Quote from: TERA2 on March 02, 2018, 12:10:02 AM

How does this affect us? That's like mentioning that people use SHA256.

It may not affect bitcoin largely but seeing that the gear that turns bitcoin's wheels can be used for something useful is really amusing and amazing to say the least. People might stumble in this article and ask, "what the heck is a blockchain?" then they'd be redirected to a multitude of articles and news relating to bitcoin and cryptocurrencies. It creates a small ripple of interest IMO, and it spreads to find greater answers to what seemed to be a normal article. Bitcoin is the first true application of a blockchain, and even if it's somehow unrelated with how Walmart decides to use the tech, some search results would always lead to bitcoin and the crypto, so there's that.

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Automation would be the number one help and application of the blockchain tech for large companies and services that require data sorting and management. Others would follow suit I guess, once Walmart deployed this and proved to be successful.

eternalgloom

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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.

Jonsnowstark

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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.

xanxus.kun

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You have to get what you want your own way.

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.

wandino

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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.

Hydrogen

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Quote from: Acido213 on March 02, 2018, 12:04:48 AM

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-drone

Amazon 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.

djsugar

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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.

wxa7115

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Quote from: TERA2 on March 02, 2018, 12:10:02 AM

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.

carodupuis

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Quote from: Acido213 on March 02, 2018, 12:04:48 AM

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.

aardvark15

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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.

Vladv26

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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.

Dragon5

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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.

Morderus

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Quote from: changalice715 on March 02, 2018, 02:16:35 AM

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.

arpon11

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Quote from: TERA2 on March 02, 2018, 12:10:02 AM

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.

Mpamaegbu

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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.

Quote from: changalice715 on March 02, 2018, 02:16:35 AM

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.

BarbusseH

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Quote from: changalice715 on March 02, 2018, 02:16:35 AM

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.

Topic: Walmart Is Using Blockchain Tech for shipping. (Read 305 times)