Walmart’s Crypto Power Grid


According to the US Patent and Trademark Office, retail giant Walmart has won a patent application for development of an electrical grid that will be powered by Bitcoin (Bitcoin) or other digital currency. The document, describes a system designed to help organizations to optimise their energy usage of electrical devices. Walmart first applied for a patent in December 2017.

The technology allows residential buildings or even large organizations to use a distributed ledger system to optimize energy costs. This method allows each device to assign a certain amount of cryptocurrency, which will be used to purchase energy from a utility provider during the specified billing period, for example, one month.

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