2018-6-15 17:04 |
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.
Since the requirements would be visible on the public ledger, energy providers would be able to accurately allocate the required electricity to the household.
The patent filing states:
“Currently, energy providers deliver energy to locations that inefficiently use the energy, which leads to increased energy costs for consumers.
As previously reported by CoinDesk, the company has also filed blockchain patent applications that seek to utilize blockchain to boost its digital sales, as well as track its food supply chain.
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