Walmart to Use Blockchain for Retail Product Resales

Blockchain based system will allow Walmart customers to resale purchased goods, when they won't need them anymore
22 May 2018   510

Walmart filed a patent application for the market for the resale of goods on the blockchain. This is reported by Coindesk.

The application describes a service that will record the purchase of customers in the registry on the blockchain, which will subsequently allow them to resell the purchased goods, using the available records, on the retailer's site.

Compilers of the application note that the client does not always intend to use the acquired item throughout its life cycle and often has to rely on its own resources for subsequent resale, and the described invention "will provide additional support and greatly simplify the process of reselling goods." As a mechanism for accessing the service on the blockchain, trading terminals, mobile devices and a web interface are offered.

Walmart draws attention to the growing competition from "non-traditional shopping mechanisms", which explains the need for retailers with a presence in the real world, to follow the development of technology and to improve the level of customer service.

Binance to Spread Crypto Fiat Wings

The list of upcoming jurisdictions was found by the Block
18 January 2019   62

The Block has gained access to the list of jurisdictions in which the largest cryptocurrency exchange Binance intends to launch fiat trading platforms. The latter use technology Binance, but will be separate legal entities.

Alleged Binance New Operation Jurisdictions
Alleged Binance New Operation Jurisdictions

In 2019, the exchange allegedly intends to launch full-scale activities in Malta and in Singapore. At the same time, South Korea, Liechtenstein, Russia, Turkey and Argentina are in the plans.

Note that in October last year, such a platform appeared in Uganda, and just a few days ago - on the island of Jersey.