Wal-Mart applies for patent based on blockchain-based drone communication

According to Coindesk's August 14 report, retail giant Wal-Mart recently applied for a blockchain-based drone patent.

2

(Source: Pixabay )

According to the US Patent and Trademark Office, Wal-Mart filed a patent application for the "Cloning Drones Using Blockchain" in January 2019 and disclosed the patent on August 1. Interestingly, this patent application for the UAV Coordination System based on blockchain technology and the Walmart Digital Currency patent application were published on the same day.

This is not the first time Wal-Mart has applied blockchain technology to drones. As early as 2017, Wal-Mart applied for a patent for a blockchain-based drone package delivery system.

Patent content shows that blockchain technology will be used to transmit information such as drone identification numbers, flight altitudes, flight speeds, flight routes, battery information, or loading capabilities. At the same time, it can share information based on the middle location of the drone.

The patent claims that the advantage of blockchain technology is to maintain data integrity:

The blockchain ledger can store various types of information in any other format or medium, such as different kinds of instruction lists, navigation information, and maps. With the blockchain, you can deploy the same software configuration file on a cloned drone.

1

In addition to this patent application, Wal-Mart has applied for many patents on drone delivery services. In addition, drone coordination and communication purposes are also on the list. By deploying data on decentralized encrypted ledgers, Wal-Mart can use operational parameters without having to worry about leaks.

However, patent application issuance and patent issuance are not the same. Patent applications are only the first step in the lengthy application process.

This month, Wal-Mart applied for a cryptocurrency patent to compete with Facebook's Libra.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Extreme market challenges major contract exchanges, BTCC contract performance is outstanding

On Friday, Bitcoin ushered in three surges in a short period of time, with a gain of more than 20%. The currency circ...

Bitcoin

OKX will launch a signal strategy and has now opened a signal provider recruitment.

The signal strategy function is expected to be officially launched in August to September 2023. This function will al...

Blockchain

Bakkt also can't impact traditional cryptocurrency futures trading? - Coin, OKex, Matcha, and the same station

Text | Mutual Chain Pulse · Liang Shan Hua Rong Mutual chain pulse: Although Bakkt has not been able to detonate...

Blockchain

Number said | In the first half of 2019, blockchain private placement financing of 11.851 billion yuan exceeded 60% of funds invested in the US market

As the cryptocurrency undergoes the “Bear Bull” conversion, the blockchain private equity financing mar...

Blockchain

Understanding the role of different roles in cryptocurrency exchanges

Originally written by Shane Molidor, Head of Global Business Development at BitMax & GDM, compiled by the Bluemou...

Blockchain

A new attempt at traditional finance, the technology of the Stock Exchange enters the currency circle

In January 2019, the London Stock Exchange Group announced a partnership with the digital asset trading platform AAX,...