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Walmart to tap into blockchain for retail product

Tuesday 22 May 2018 00:56 CET | News

Walmart has released a new patent application that shows how blockchain could be used to augment its digital offerings for consumers.

According to Coindesk, the proposed system would allow a customer to register an item after it is bought for the first time. The customer would then be able to choose a price for a resale, with the system itself acting as a digital marketplace.

The application appears to work in details from another use case - distributed delivery tracking - that was outlined in a past patent filing, the online publication continues. Walmarts latest application explains how a distributed delivery record blockchain would be updated as products move from the seller to the courier to the buyer, with new transactions signifying each step.

In September 2017, the retailer detailed how it was testing automated delivery solutions with a limited group of customers in California.


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Keywords: Walmart, blockchain, retail, ecommerce, marketplace
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