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 Free Email Updates!

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

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,272FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today