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).
Blockchain and cryptocurrency have now entered their second decade, and in many respects, there are signs that the markets are starting to mature. Token offerings are increasingly operating under regulatory requirements. Established companies such as Facebook, Walmart, and Amazon are now incorporating blockchain into their business models.
US-based Walmart Inc., one of the world's biggest retail corporations, has purportedly been creating a Blockchain-based food security program in collaboration with IBM. Walmart will need all of its outlets which supply leafy green vegetables to note down their sales info on its proprietary Blockchain-activated solution by September next year (one year from now).
As delivery is one of the most perturbing issues of online retail, Walmart is planning to solve the enigma one blockchain patent as per now. The Bentonville, Arkansas-headquartered big-box retailer was heavily awarded a patent on July 5 detailing an invention looking on the delivery of all packages plus scheduling the delivery of these great packages. Dubbed "Delivery Reservation Apparatus and Method" the patent that was filed early 2017 points at delivery hubs that use a public ledger to ascertain effectual capacity and create reservations.
The American multinational retailing giant, Walmart, has filed a patent application with the United States Patent and Trademark Office (USPTO) for a new Blockchain-based delivery management system that would use drones.