Retail giant Walmart has made waves in the intellectual property field recently by filing for a group of patents to protect new blockchain technology that they intend to use to keep pace with main competitor and online retail giant, Amazon. While blockchain technology is not that new, having long been the cornerstone for cryptocurrencies such as Bitcoin, only recently have retailers, banks, and other fields of industry began to delve into utilizing the technology in their respective fields.

Read more about Walmart blockchain technology patents.

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Darin M. Klemchuk is founder of Klemchuk LLP, a litigation, intellectual property, and transactional law firm located in Dallas, Texas. He also co-founded Project K, a charitable movement devoted to changing the world one random act of kindness at a time, and publishes Thriving Attorney, a blog dedicated to exploring the business of the practice of law, productivity and performance for attorneys, and other topics such as law firm leadership and management, law firm culture, and business development for attorneys.

Click to learn more about Darin M. Klemchuk's law practice as an intellectual property lawyer.