Walmart is getting closer to the possible implementation of blockchain technology for payment processing and beyond. While these patents do not point to a creation of a Walmart cryptocurrency, the company is looking to maximize the potential of blockchain, meaning the “distributed ledger” that powers cryptocurrencies, according to the BGR (Boy Genius Report, which grew out of a column in Engadget).
With blockchain, a continuously growing list of records linked and secured by cryptography, there is no one centralized database, or an individual serving as “banker,” noted BGR. Blockchain is “the only good part of the crypto technology,” according to the report, and Walmart would be wise to leave “the rest to die,” referring to attempts to create new cryptocurrencies.
