According to an official patent document, the American trading giant Walmart filed a request to the US Patent Office (USPTO) for patenting the Blockchain system for deliveries. The new patent aims to provide a technology enabling the "authentication of autonomous electronic devices in the field" to ensure safe deliveries.
"For example, two independent electronic devices, such as delivery drones or stand-alone home robots, can authenticate one another using the security procedures described here " - we can read in the document.
The patent has the title "Systems, devices and methods for authenticating autonomous robots in the field" and was submitted in January 2018 by Wal-Mart Stores Inc. based in Arkansas. The document describes a system of handling many robots or drones that deliver parcels throughout the entire supply chain. Machines operate on the basis of wireless signals that allow secure authentication of electronic devices identity by Blockchain.
According to the patent application, the implementation of Blockchain will be useful in the process of registering signals and credentials, which are considered the main target of a hacker attack.
Last year, Walmart filed a number of applications for patents related to Blockchain technology in the US. According to Investopedia, the Blockchain improvement is used by the network mainly to keep pace with rivals such as Amazon.
Let's now take a look at the Bitcoin technical picture at the H4 time frame. The market has broken through the technical resistance at the level of $7,087 and made a new local high at the level of $7,300. Currently, the price is moving inside of the channel (marked in black) just above the weekly pivot at the level of $7,090. Please notice the bearish divergence between the price and the momentum indicator. It might suggest a temporary pull-back towards the level of $6,900 again.
