Walmart plans to save all the payment information using Blockchain Technology by mgibson

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news · @mgibson · Apr 21 '18

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Walmart plans to save all the payment information using Blockchain Technology

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<p><center>https://steemitimages.com/DQmSgFp7vVkXUeYBAc5kz3FJS1p2xhW2j3XC6jtbjwUEhfU/walmart.jpg</center></p>
<p><center><a href="http://i2.cdn.turner.com/money/dam/assets/180328092536-walmart-checkout-780x439.jpg">Image credit</a></center></p><hr>
<p><blockquote>Newly published patent filings from retail giant Walmart hint at a plan to store payments data using blockchain tech.<br><br>
The two applications - published on Thursday by the U.S. Patent and Trademark Office (USPTO) - both reference using a blockchain-powered platform to secure the payment data, ensuring that private information can't be access by unauthorized parties. The same Walmart team drafted both applications, which were initially submitted on October 13 of last year.<br><br>
While neither filing explicitly references using a permissioned blockchain (which allows only certain parties to operate nodes), the system as described would effectively operate as such. Both applications specify that customers must be able to see their payment histories - but that third-parties need to be restricted from this degree of access.</blockquote></p>
<p>The popularity of blockchain technology is increasing day by day. Several industries have already using this technology. &nbsp;Walmart (a big entrepreneur) is now showing his interest in blockchain. They want to implement blockchain technology so that the entire payment information could be kept securely using blockchain technology. &nbsp;&nbsp;</p>
<p>Read more news here: https://www.coindesk.com/walmart-wants-store-payment-data-blockchain/</p>
<p><center><a href="https://steemit.com/@mgibson">Follow me</a></center></p>
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@hanamana · Apr 21 '18

Hi mgibson,

I wonder which platform Walmart will be using....do yo know?

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@mgibson · Apr 21 '18

They didn't mention the name of platform. They are talking about the blockchain-powered platform that don't allow unauthorized parties to access private information. You can get the full information from  coindesk.

👍 hanamana

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@oleblueeye · Apr 21 '18

Very interesting and I hadn't heard this yet, so thanks for sharing,  @mgibson. 

I'm also curious to hear the answer to @hanamana's question!

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