Walmart Patent Eyes Crypto Payments for Power Supply Precision

Yes, utilising blockchain technology to manage usage of and payment for power is indeed a very smart move, but patenting it isn’t.
Anyway now the giants are taking steps towards blockchaining all things just like back in those internet heydays.

Walmart Patent Eyes Crypto Payments for Power Supply Precision

Retail giant Walmart is exploring a way to let households manage their electricity bills using cryptocurrency – a concept it says could potentially lead to increased efficiency and lower prices.

According to a patent application filed by Walmart in December 2017 and revealed on Thursday by the U.S. Patent and Trademark Office, the company is developing a system that would connect household devices and electricity providers over a public blockchain.

Walmart envisions that the system would let users prepay a capped amount of cryptocurrency to cover the expected electricity demands for specific devices……

Click here to read more : Walmart Patent Eyes Crypto Payments for Power Supply Precision

Share this article

Related Posts