Walmart Applies For Patent To Manage Smart Appliances With Blockchain

Blockchain News from Around the World
Post Reply
User avatar
Posts: 258
Joined: Wed Mar 14, 2018 7:14 pm

Walmart Applies For Patent To Manage Smart Appliances With Blockchain

Post by magic8ball » Fri Aug 03, 2018 5:45 pm

On Thursday, the US Patent and Trademark Office (USPTO) published a patent application that was filed in January by Walmart Inc. It describes the validation, through blockchain technology, of transactions involving smart appliances, such as refrigerators, dishwashers, and dryers.

The inventors outline a process whereby a user makes a transaction request, which triggers a consensus mechanism within nodes in a network. From there, a consensus protocol would be implemented to validate the transaction, allowing the smart appliance associated with the transaction to perform the requested function.

The management of these smart appliance transactions could be part of an internet of things (IoT) ecosystem wherein the transaction data is recorded on a public ledger like a blockchain. The ledger would allow relevant parties in the IoT ecosystem to confirm the legitimacy of a transaction.

Also, within the system could be wearable devices that maintain individuals' private keys, which they would use to authorize the smart appliance transactions. The control and access of such devices could be modified by authorized users as well, like when a new device is introduced or removed from the system. ... blockchain

Post Reply

Return to “In The News”