Walmart had two patents in blockchain during Q1 2024. Walmart Inc filed a patent for a supply chain forecasting system with blockchain controls, allowing for the initiation, adjustment, and fulfillment of smart contracts associated with the delivery of physical objects. Another patent discusses systems and methods for distributed item authentication, involving sensor systems, transceivers, and authentication control circuits to confirm the authenticity of items through comparison of current and historic sensor data. GlobalData’s report on Walmart gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Walmart had no grants in blockchain as a theme in Q1 2024.
Recent Patents
Application: System and method for forecasting deliveries via blockchain smart contracts using hyperspectral computer vision (Patent ID: US20240029007A1)
The patent filed by Walmart Inc. discusses a supply chain forecasting system with blockchain controls. The system involves a central computing system communicating with third-party computing systems to initiate, adjust, and fulfill smart contracts related to the delivery of physical objects using blockchain controls. The system generates a cryptographically verifiable ledger, tracks the quality value of physical objects, and can void or reroute deliveries if the quality value falls below a specified threshold. It also involves communication with intermediate party computing systems and user devices to track and display the delivery and quality value information on a graphical user interface.
Overall, the system aims to enhance supply chain forecasting by leveraging blockchain technology to ensure transparency, security, and efficiency in the delivery process. It enables real-time monitoring of physical objects, quality assessment, and adaptive decision-making based on the quality value changes. By incorporating blockchain controls, the system provides a reliable and tamper-proof record of transactions and processes throughout the supply chain, ultimately improving the overall reliability and effectiveness of supply chain management for perishable items and other physical objects.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
