Walmart Inc (NYSE:WMT) has felt the convenience of blockchain and is not looking to back down soon judging from its latest patent application submission for a drone communication system anchored on blockchain technology. The patent application submitted to the United States Patent and Trademark Office (USPTO) early this month, dubbed “Cloning Drones Using Blockchain,” shows the retail giant’s commitment in adopting blockchain technology for most of its operations.
According to the details of the filing, the drone-based communication system codes and stores the drone’s crucial operational parameters in decentralized ledgers. The data can be accessed by other drones under the same network that will then decipher and configure the encryptions. Aside from relying on crucial information, the system allows the unmanned drones to know each other’s exact location at every particular moment of flight.
Unmanned Aerial Delivery
Note that the latest patent filing is not the company’s first attempt in blockchain technology, particularly in the field of Unmanned Aerial Vehicles (UAV). Walmart’s venture into blockchain technology began back in 2017 when it filed a patent for an “Unmanned Aerial Delivery to Secure Location.” The package delivery system will enable drones to share information relating to flight routes, Identification numbers, Speed, battery information, flight heights, and loading capacity, among other details. According to the filing, the system will be popular for safeguarding data integrity, considering that information stored on blockchain decentralized ledgers are incorruptible.
>> Ripple to Invest 1 Billion XRP to Fund Online Content
Additionally, Walmart partnered with American tech titan IBM (NYSE:IBM) for a blockchain-based deliveries tracking system. The futuristic system has since been adopted by the US Food and Drug Administration in the tracking of prescription drugs. Merck and KPMG are also interested in the system. The system that was initially designed to identify and flag recalled foods is already being used to track meat deliveries in China and in the US.
Like Facebook (NASDAQ:FB), Walmart is also interested in having its own cryptocurrency and has already submitted another patent for this.
Featured image: DepositPhotos © nils.ackermann.gmail.com
Credit: Source link