Topic: Walmart Is Using Blockchain Tech for shipping. - page 2. (Read 290 times)
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.
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.
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.
How does this affect us? That's like mentioning that people use SHA256.
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.
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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