As the world’s largest online retailer, Amazon is always looking for new ways to improve its customer experience. Could blockchain technology be the next big thing for Amazon? Let’s take a look at whether Amazon is using Ethereum.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent ownership of property.
Amazon has been exploring blockchain technology for a while now. In early 2018, the company filed for several cryptocurrency-related patents.
NOTE: WARNING: It is important to be aware that Amazon has not made any public statements indicating the use of Ethereum. It is possible that Amazon could use Ethereum in the future, however, this is currently only speculation and there is no evidence to suggest that Amazon is currently using or will use Ethereum in the near future.
One of those patents was for a “streaming data marketplace” that would use blockchain to track data streams. This could potentially be used to track Amazon’s vast supply chain network.
Another patent filed by Amazon described a “method and system for managing digital items using blockchain.” This could be used to track items in Amazon’s inventory, as well as keep track of customer reviews and ratings.
So far, there’s no concrete evidence that Amazon is using Ethereum or any other blockchain platform. However, the company’s interest in blockchain technology is clear.
With its massive customer base and global reach, Amazon could be a major force in driving mainstream adoption of blockchain technology.
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