Walmart Sees Blockchain Use in Building Autonomous Robots Network

Walmart is Planning to Build Autonomous Robots on the Blockchain

One of the biggest retailers in the world, Walmart, is working in order to build autonomous robots that are based on the blockchain. The information has been revealed on Thursday August 30 by the US Patent & Trademark Office (USPTO).

The firm, has submitted the patent application back in January 2018, when the cryptocurrency market was registering all time highs.

The main intention behind this patent is to use an important number of robots to make deliveries. In this way, the company would be effectively able to compete with Amazon, one of the biggest companies on earth.

According to the document, the system would allow robots to control and handle packages to be delivered in different legs of the supply chain. The devices will be using wireless signals to communicate and authenticate their identities.

The platform of robots will be based in blockchain technology because it is much more secure than other systems. It is clear that several hackers would be ready to infect the network or control it, and with blockchain technology that would be much more difficult to accomplish.

The authors of the document explain:

“In some embodiments of described above, blockchain technology may be utilized to record authentication signals and identification information to facilitate or resulting form in-field authentication between autonomous electronic devices.”

These ‘autonomous electronic devices’ may comprise a node in a distributed blockchain system.

Walmart has been filing different blockchain-related patents in the past. For example, in 2017, it presented a patent that was pretended for using package delivery hubs – similar to lockers – that would ensure that orders are delivered where there is capacity to receive packages.

There are several companies working with distributed ledger technology (DLT). In the future, most of the retailers around the world would be implementing DLT in order to improve services and products.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide