Walmart plans to use Blockchain for better package tracking

A new patent filing finds retail giant Walmart seeking to utilize blockchain technology to solve problems when scheduling deliveries.
The application published on July 5 is entitled “Delivery Reservation Apparatus and Method,” and it outlines a way for managing package reservations in the context of the purchaser not being available to actually receive it.
“Each space on the docking station has a corresponding capacity unit for each location on the docking station. The transactions for the capacity units are tracked in a ledger, with available capacity units indicating an open location on the docking station or contracted out capacity units indicating that either the location has a locker secured thereto or that the location is reserved for a future delivery,” reads Walmart’s patent.

Sign Up for Our Newsletters

Get smarter with most important stories.

You May Also Like

Adding wheels to Blockchain

Or Cylinders? Scale – an adoption pain-point for real-world Blockchain cases, specially financial ones. It boils down to Speed-spoilers though. A usual Bitcoin network coughs merely 7 transactions-a-second against erstwhile…
View Post