What is Waltonchain?
Walton is a Chinese project that incorporates R-FID technology (Radio-Frequency Identification) to side-step bottlenecks common when blockchain technology is applied commercially. The RFID chip is used to track items. This is the problem of how the real assets off the chain are quickly, efficiently and safely chained.
When applied in the real world, Waltonchain can solve and even lead to improvements of supply chain management, gathering of big data and retail stock management especially now that it will be built on top of Internet of Things to create one whole useful ecosystem made of interconnected devices which in turn create value.
Waltoncoin use side chains to overcome problems of scalability that have been evident in pioneer coin platforms like Bitcoin. Its design is very much inspired by its more successful rivals, Ethereum and Dash.
Founders: Do Sanghyuk, Xu Fangcheng
Release Date: November 2016