Walmart Files Patent Application For Autonomous Vehicle Deliveries

- Advertisement -

The big box retailer has been making forays into blockchain technology to improve its supply chain. This latest patent may be a bid to compete with Amazon to get goods straight to customers.

Multinational retail behemoth Walmart filed an application for a patent in October 2017 that was published May 10, 2018, which hints at a possible use case for blockchain technology. The system may involve autonomous ground delivery vehicles that would be given access codes to automatically gain entry to secure areas, negating the need for an in-person recipient.

“Products delivered to a home address and left on the property of the customer when the customer is not home (e.g., at work) may be stolen and/or damaged (e.g., by people or weather) before the product is picked up by the customer,” the US Patent and Trademark Office application reads. “While it is not uncommon for residences to have restricted access areas protected by gates/doors where the product or products being delivered may be dropped off by the delivery service, such gates/doors typically require an access code that the delivery services do not have and thus cannot access such restricted areas.”

ETHNews reached out to Walmart’s corporate office for comments but did not receive a response by time of press.

Walmart’s application may be a competitive response to services that are available from Amazon.com. Amazon offers both Amazon Key, which includes a keypad door lock that would allow Amazon delivery drivers temporary access to customers’ houses; and Amazon Key In-Car, which would open your car’s door or trunk for a delivery person. Both are being billed as ways to allow secure delivery of packages without requiring that a recipient be present.

The proposed invention may also be related to Walmart’s push to retrofit its supply chain processes with blockchain technology. The retailer announced it was testing blockchain traceability for food safety last May, and Bloomberg reported on April 23 that it was ready for a live run. Arguing that the implementation will reduce waste and contamination, the company is claiming the technology will cut produce tracking from six days to two seconds.

- Advertisement -

Walmart has been testing IBM’s Blockchain-as-a-Service (BaaS) platform since 2016 and is part of an IBM blockchain consortium, which includes Dole, Driscolll’s, Kroger, McCormick and Company, Nestle, Tyson Foods, and Unilever, among others.

Frederick Reese is a politics and cryptocurrency reporter based in New York. He is also a former teacher, an early adopter of bitcoin and Litecoin, and an enthusiast of all things geeky and nerdy.

Like what you read? Follow us on X @Bitnewsbot to receive the latest Walmart, patent or other Ethereum business and finance news.

- Advertisement -



Previous Articles:

- Advertisement -

Latest

Crypto Markets Stable Despite Trump Tariff Drama, NYDIG Analyst Says

Cryptocurrency markets have remained relatively stable despite widespread market turmoil caused by Trump's fluctuating tariff policies.Bitcoin has outperformed many traditional asset classes during the...

Man Faces Prison for Hiding $13M in CryptoPunk NFT Sales from IRS

Pennsylvania man Waylon Wilcox faces up to six years in prison after pleading guilty to concealing over $13 million in CryptoPunks NFT sales income.Wilcox...

Gold-Backed Cryptocurrencies Surge as Investors Seek Digital Safe Haven

Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) have surged over 24% year-to-date to all-time highs above $3,300.While tokenized gold has thrived...

Mantra (OM) token plummets 90% in 24 hours, wipes out $6B market cap

Mantra (OM) token has crashed over 90% in 24 hours, plummeting from $6.3 to under $0.50, wiping out most of its $6 billion market...

Crypto Gaming Tokens Plummet, Vanish from Top 100 as Market Struggles

Gaming tokens have disappeared from the top 100 cryptocurrency rankings by market cap despite having six representatives a year ago.Eve Frontier launched a 10-day...

Must Read

Forex Trading Vs Crypto Trading: Which One Should You Choose?

So you're trying to decide between two types of trading: Forex and cryptocurrency.Forex trading is the big player in the trading world, with lots...