Walmart files Patent for Online Reselling of Retail Products through Blockchain
The information laid down in the patent application states that about how a buyer or any customer can register the product when it is purchased from the store for the first time. Furthermore, customer gets the authority to select an amount which he wants to resell the product. Thus, the system proposed by them will work as a digital marketplace in future.
‘The abstract stated as follows:
“A registration-based user-interface architecture includes a retail shopping facility operated on behalf of an enterprise having a plurality of physically-discrete items disposed therein that are offered for retail sale. A control circuit maintains a record (for example, in a blockchain ledger) of a particular customer’s purchase of a particular one of these items and also provides an opportunity to that particular customer to resell that particular item via a sales platform operated on behalf of the enterprise. By one approach the control circuit is further configured to interface with the particular customer to register that customer’s purchase of this particular item. That interface may be conducted, for example, via a point-of-sale interface, a browser-based interface, a mobile device app-based interface, and so forth. By one approach this registration must necessarily occur within a predetermined amount of time from when the customer purchases the item.”
Walmart had recently filed a patent application for package delivery system that keeps track of every single product that is delivered from the seller to buyer. The application proposes to deliver the item in close proximity of customer’s home.
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