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May 22, 2018 -- ADVFN Crypto NewsWire -- On top of what they’re already doing with a Blockchain-based delivery system, Walmart has reportedly finished the paperwork for a patent for the next Blockchain-based Ebay. While such an idea means that Walmart is already moving into a space with other players, none of said players are a multi-national retailer with years of success under its belt.

The specifics of the future service include the ability to immutably keep record of all customer purchases on the marketplace in a Blockchain ledger, which would therefore also act as a record of ownership for the customer, related to the products that he or she aims to sell.

It might be better, in this case, to say re-sell because as was mentioned above, this platform is meant to be a large scale, Blockchain version of Ebay. In its specific language, the patent also states the importance of providing a reliable, firm-backed platform to enable customers to do this. In saying this, it appears clear that they are, to some extent, throwing a bit of doubt Ebay’s way, though this is mostly supposition at this time.

On top of this goal of being the nation’s new trusted online re-seller, Walmart adds in the same patent that it hopes to stay ahead in its industry’s race towards what it terms “non-traditional” shopping mechanisms. A key example of this would be a company like Instacart, which connects traditional grocers and retailers with the ability to have their goods delivered to customers’ homes.

All of this is well and good, but you might be wondering at this point: when does Walmart plan to actually put this platform into action? According to a report by Cointelegraph, the start date for the product is as of yet, undetermined but it most likely hinges on the successful implementation of Walmart’s special delivery system.

By: BGN Editorial Staff



 

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