What is Waltonchain?
Waltonchain (WTC) is a blockchain-based cryptocurrency that introduces the concept of Value Internet of Things (VIoT) to merge blockchain technology and the Internet of Things (IoT). By depending on devices, data, network, and value, Waltonchain strives to create a trustworthy digital lifestyle using blockchain technology to achieve consensus, co-governance, co-sharing, and connection of IoT services and data in the advanced information age.
The Waltonchain technology operates on the Ethereum blockchain and creates sub-chains around the parent chains. Traders can customize child chains on the WTC eco chain to monitor all commodities' logistics, production, warehousing, and retail movements. To record all physical commodities' data automatically, Waltonchain uses the IoT model and has developed a reader chip and tag chip that communicate with each other and the blockchain.
Waltonchain coin performs beneficial functions such as issuing sub-chains, providing dividend interests, distributing asset exchange, and distributing voting and governance systems to develop efficiency in the operations. Thus, it assists traditional enterprises in evolving business models and product scope, expanding the value chain, enhancing operational efficiency, and reducing enterprise costs. As a business eco chain, Waltonchain aims to build a fair, traceable, serviceable, translucent, and credible new-generation business ecosystem.
Xu Fengcheng founded the token named after a trust organization called Waltonchain located in Singapore. The name "Walton" refers to the renowned scientist Charlie Walton, the developer of radio frequency identification technology (RFID). The present official whitepaper of the Waltonchain was released in September 2018.
In conclusion, Waltonchain (WTC) is a unique and innovative blockchain project that combines blockchain technology and IoT to create a reliable digital life utilizing the Value Internet of Things (VIoT). The use of sub-chains and the IoT model for monitoring commodities' logistics, production, warehousing, and retail movements make Waltonchain a viable and efficient solution for businesses looking to enhance their operations' efficiency. Additionally, the use of WTC coin in Waltonchain's ecosystem provides multiple benefits such as issuing sub-chains, providing dividend interests, distributing asset exchange, and distributing voting and governance systems.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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