View source for 20240029007. SYSTEM AND METHOD FOR FORECASTING DELIVERIES VIA BLOCKCHAIN SMART CONTRACTS USING HYPERSPECTRAL COMPUTER VISION simplified abstract (Walmart Apollo, LLC)

=SYSTEM AND METHOD FOR FORECASTING DELIVERIES VIA BLOCKCHAIN SMART CONTRACTS USING HYPERSPECTRAL COMPUTER VISION=


==Organization Name==

[[:Category:Walmart Apollo, LLC|Walmart Apollo, LLC]]


[[Category:Walmart Apollo, LLC]]

==Inventor(s)==

[[:Category:Tarun Dasari of Bentonville AR (US)|Tarun Dasari of Bentonville AR (US)]][[Category:Tarun Dasari of Bentonville AR (US)]]

[[:Category:Aditya Reddy Cheruku of Bentonville AR (US)|Aditya Reddy Cheruku of Bentonville AR (US)]][[Category:Aditya Reddy Cheruku of Bentonville AR (US)]]

[[:Category:Anand Banik of Rogers AR (US)|Anand Banik of Rogers AR (US)]][[Category:Anand Banik of Rogers AR (US)]]

[[:Category:Sumanth B. Talasila of Bentonville AR (US)|Sumanth B. Talasila of Bentonville AR (US)]][[Category:Sumanth B. Talasila of Bentonville AR (US)]]

[[:Category:Kishore P. Sasthiri of Bentonville AR (US)|Kishore P. Sasthiri of Bentonville AR (US)]][[Category:Kishore P. Sasthiri of Bentonville AR (US)]]

[[:Category:Murthy N. Kolluru of Bentonville AR (US)|Murthy N. Kolluru of Bentonville AR (US)]][[Category:Murthy N. Kolluru of Bentonville AR (US)]]

==SYSTEM AND METHOD FOR FORECASTING DELIVERIES VIA BLOCKCHAIN SMART CONTRACTS USING HYPERSPECTRAL COMPUTER VISION - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240029007 titled 'SYSTEM AND METHOD FOR FORECASTING DELIVERIES VIA BLOCKCHAIN SMART CONTRACTS USING HYPERSPECTRAL COMPUTER VISION

==Simplified Explanation==

The abstract of the patent application describes a supply chain forecasting system that utilizes blockchain controls. The system involves a central computing system and a third-party computing system that communicate with each other. These systems can initiate, adjust, and fulfill smart contracts related to the delivery of physical objects using blockchain controls.

* The supply chain forecasting system includes a central computing system and a third-party computing system.
* The central computing system and third-party computing system can communicate with each other.
* The system can initiate, adjust, and fulfill smart contracts associated with the delivery of physical objects.
* Blockchain controls are used to facilitate the execution of these smart contracts.

Potential applications of this technology:

* Supply chain management: The system can be used to streamline and automate various processes in the supply chain, such as order fulfillment, inventory management, and logistics.
* Forecasting and planning: The system can help businesses forecast demand, plan production schedules, and optimize inventory levels based on real-time data and smart contracts.
* Transparency and traceability: Blockchain controls provide a transparent and immutable record of transactions and movements within the supply chain, allowing for enhanced traceability and accountability.

Problems solved by this technology:

* Lack of transparency: The use of blockchain controls ensures transparency in the supply chain by providing a tamper-proof record of transactions and activities.
* Inefficiencies in contract management: Smart contracts enable automated and efficient contract execution, reducing the need for manual intervention and minimizing errors.
* Limited visibility and coordination: The system allows for real-time communication and coordination between the central computing system and the third-party computing system, improving visibility and collaboration in the supply chain.

Benefits of this technology:

* Increased efficiency: The automation and streamlining of processes through smart contracts and blockchain controls can lead to improved efficiency in the supply chain.
* Enhanced transparency and traceability: The use of blockchain controls provides a transparent and immutable record of transactions, ensuring transparency and traceability throughout the supply chain.
* Improved coordination and collaboration: Real-time communication and coordination between the central computing system and the third-party computing system enable better coordination and collaboration among stakeholders in the supply chain.


==Original Abstract Submitted==

a supply chain forecasting system with blockchain controls is discussed. the supply chain forecasting system can include a central computing system communicating with a third party computing system. the central computing system and third party computing system can initiate, adjust, and fulfill smart contracts associated with the delivery of physical objects using blockchain controls.



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