Walmart Patent Application Defines Smart Appliances Based on Blockchain Technology

Walmart Patent Application Defines Smart Appliances Based on Blockchain Technology

Block-O-Pedia
August 3, 2018 by Jenny Jones
285
Walmart, the renowned US retail corporation, has recently filed a new patent application for blockchain patents, under the title “Managing Smart Applications Using Blockchain Technology.” This patent application was preceded by several applications made earlier, like a blockchain-based digital marketplace and medical record storage systems. The U.S. Patent and Trademark Office is reported to publish
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Walmart, the renowned US retail corporation, has recently filed a new patent application for blockchain patents, under the title “Managing Smart Applications Using Blockchain Technology.” This patent application was preceded by several applications made earlier, like a blockchain-based digital marketplace and medical record storage systems. The U.S. Patent and Trademark Office is reported to publish this most recent one on 2nd August.  

This patent application describes systems as well as methods to ensure proper management of smart appliances like a desktop or server computer, a kiosk, or portable media players or a few portable computing devices, such as laptops and gaming devices. The patent actually indicates the probability of using the blockchain technology to develop a smart home system.

Users will utilize a device, no matter if it is wearable or not, which securely manages the private key needed for authorizing the transactions. In brief, it facilitates transaction data encryption. This helps the users in accessing a locked deposit box or kiosk where products delivered by drones can be received by them.

“A user may obtain a kiosk and add the newly obtained kiosk to the distributed ledger structure utilizing their smart device to provision and/or authorize the kiosk. In one example, the user device may be a wearable device that maintains the private key used to authorize the transaction. The kiosk may sync with the user device and be automatically provisioned as a home delivery station and added as a device in the distributed ledger management system”

Walmart is well known for taking immense interest and initiatives to adopt this smart blockchain technology. Recently, this US retail giant has been observed applying for multiple blockchain-powered systems and has tried employing different means of blockchain applications for their energy consumption management system, medical sector, food supply chain etc.

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Tags: Bitcoin, bitcoin news, Blockchain, blockchain technology, Cryptocurrencies, Cryptocurrency, Technology, USA, walmart

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