Waltonchain (WTC) is developing a blockchain, RFID, and Internet of Things (IoT) ecosystem (Internet of Things). The Walton team creates Transaction ID-reading RFID chips that can generate their own random ID hashes and upload them to the blockchain simultaneously via their RFID reader. This correlates to higher operational efficiency, particularly in supply chain use cases like high-end apparel identification, food and medication traceability, and logistics tracking.
The Waltonchain (WTC) coin powers its namesake platform that connects blockchain and tracking microchips to create a management system for supply chains. Using the hardware (chip) and the software (blockchain), WALTON is creating solutions for different industry verticals where supply chain and logistics are fragmented to fill in the gaps.
Waltonchain (WTC) is a cryptocurrency and Chinese project of a business ecosystem with complete data exchange and absolute information transparency based on the blockchain, IOT (Internet of things) and the application of the RIFD – the identification chip, which is used in various sectors requiring identification (credit cards, mobile payments, magnetic keys, etc.). The name was given in honor of Charlie Walton, who is the inventor of RFID technology and died in 2011. The project was launched in 2016 on the fifth anniversary of Walton's death.
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