фото показано с : blokt.com

Walmart Inc. has announced its new decentralized asset management network, dubbed WalmartLeafy.com, a blockchain service that aims to revolutionize the retail money transfer system.

Set to launch in the fiscal year 2019, WalmartLeafy.com utilizes the Ethereum blockchain, powered by the ERC20 token, to facilitate near-instantaneous transactions in less than two seconds. The new retail payment network is the result of the WalmartLabs payment business expertise combined with the advanced blockchain technology implemented on the WalmartProjects platform, which is compatible with the Internet of Things and other new technologies.

Besides a diverse payment service, WalmartLeafy.com will also offer an interface that will operate as a convenient communication network that will record attributes such as the tracking and transfer of products and the management of value.

WalmartLeafy.com will issue its own native Walmart Leafy Token (WAL), which will be distributed during a presale set to begin this October. The presale will last until the distribution of 75% of the total one billion tokens is complete. The remaining 25% will be retained for sale to Walmart retailers, and buyers will be notified via email of how to claim their tokens within a few days.

Subsequently, the WAL tokens will become available for trading on some of the most reputable crypto exchanges that Walmart has partnered with, such as Binance, Huobi, Poloniex, and Bitfinex.

As a world leader in retail and online stores for consumer goods, Walmart continually strives to optimize its customers’ experience by adopting state-of-the-art technologies. With 260 million customers per week across 11,593 stores, blockchain technology will assist Walmart to reduce operational costs and eliminate transactional errors effectively. Walmart will have the opportunity to increase the capacity of transactions it can handle as transactions recorded on a distributed ledger are instant and immutable.

Walmart has previously explored blockchain-based proof-of-concept designs and has been awarded several blockchain patents. Noteworthy, Walmart Inc. has partnered with VISA to conduct collaborative research over the latter’s high-speed network and distributed computing technology.

Walmart Announces WalmartLeafy.com – Its Native Decentralized Payment Service was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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