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The crypto community is once again stunned by the news that Walmart is hiring a digital currency product manager in hopes that the multinational company may soon accept bitcoin or another cryptocurrency.

When cryptocurrency was first rolled out 11 years ago, the world showed distaste for the new mode of payment. Many countries marked it illegal, while most big companies took it as a “joke,” but things soon changed. Some of the world’s biggest brands now have or plan to have their own crypto or at least accept it as a medium of payment.

The distributed ledger technology (DLT) product authentication system patent filed by the United States e-commerce company Amazon has been approved by the US Patent and Trademark Office (USPTO). Their new platform aims to provide ‘digital trust’ to the product supply chain (SC).

Blockchain technology has gone far beyond just supporting cryptocurrencies. Several banking institutions are now opting for it, while government systems and banks similarly appreciate the same.

Cases of food contamination, counterfeits and requests from consumers for more information on the origin of food are increasing the demand for solutions, both system and global, which can show all actors in the supply chain how to certify traceability and the processing of the processed, distributed and sold product.

As a lot of people in the traditional financial industry are trying to lend a deaf ear to disruptive technologies such as Bitcoin (BTC), cryptocurrency, smart contracts, blockchain, and others, the companies and people trying to innovate these technologies are continuing to work day and night to see that there is visible steady technological progress. In fact, the finance sector is bustling with significant activities ranging from ‘cryptocurrency for good initiatives and inventive investment funds to digitized securities.

A world in which, with your mobile, sitting comfortably at the table, you can know everything in a few seconds, really everything, about the traceability of what you have on your plate and in your glass, is here. Italy is supporting new technologies including blockchain and distributed ledger technology (DLT) to transform the food industry.

Walmart is collaborating with IBM’s Food Trust initiative to improve the supply of delicious seafood shrimp from India. Walmart also promised to help small seafood exporters to attain Best Aquaculture Practices (BAP) certification to improve product competitiveness on the global market.

Walmart Inc., the American based and world’s biggest firm by revenue, at around $514.405 billion this year, filed a patent focusing on blockchain-backed drones. The company is highly interested and able to participate in innovative technologies including cryptocurrency and distributed ledger tech (DLT).