$ 29,265.00 3.37%
$ 1,965.69 3.16%
$ 49.51 5.50%
$ 0.084292 2.89%
$ 7.77 2.59%
$ 1.34 5.52%
$ 0.000110 21.39%

Target has just joined the Blockchain space and nobody noticed

Target joins blockchain

Even though Target entering the blockchain space was a surprise to many, it was news long overdue for others. The company has been tampering with the blockchain technology since 2018 and looks like they’ve finally committed themselves.

Target’s signature product that it’s been working on is called ConsenSource, which runs on the Hyperledger Sawtooth. The project has been open-sourced since the day of its creation, but very few have contributed.

Now it seems that Target is going 100%, as it’s considering to hire a Blockchain developer to work on the platform.

Why was it secret?

As surprising as it may sound, Target never made any commitment to the blockchain network in the past. Sure it had the ConsenSource project but that was believed to be something like a pet project for the company to experiment.

They hadn’t even told their investors about the new feature, as their annual report simply mentioned that they will be working with supply chain improvements, but it didn’t even mention Blockchain or cryptocurrencies whatsoever.

Despite the secrecy, the community is now actively waiting for Target to launch the Sawtooth project so that all can see what this new platform has to offer.

Many believe that it’s the first retail giant to allow crypto payments, but that hasn’t been confirmed yet. What can be said is that, if Target introduces a crypto-based payment system, it will be miles ahead of its main competitors like Wallmart and StopnShop.

Giorgi Mikhelidze

Giorgi Mikhelidze

Georgian-born blockchain enthusiast Giorgi leverages his software development background for on point market commentary and analysis. A brief stint with Finance Makers and he's now covering crypto news for high authority websites with the tip learned from past experience, "Whenever you see people talking about the weakness of your idea, don't see it as criticism."

Related News

Hot Stories

Dogecoin price analysis: DOGE illustrates stable dynamics at $0.0869
Verasity Price Prediction 2022-2031: Soon to hit $0.50 after Crypto.Com listing?
Polkadot price analysis: DOT/USD gains a massive value at $10.08
Vitalik Buterin reveals when Ethereum merge could happen
Shiba Inu Price Prediction 2022-2030: Is SHIB Skyrocketing Soon?

Follow Us

Industry News

President of Panama Refuses to Sign the Cryptocurrency Bill
Gabe Plotkin's hedge fund Melvin Capital shut its doors this week
CFTC indicts 2 men for running a $44M crypto Ponzi scheme
Goldman Sachs: crypto crash has little effect on the US economy
Commonwealth bank halts crypto pilot program