Waltonchain Coin

Waltonchain Coin Review

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of Waltonchain Coin consists of three chapters: origin, technology and pros & cons.

Origin

The Waltonchain project launched in November 2016. Chinese and Korean developers initiated this project with the aim of combining blockchain technology and the radio-frequency identification (RFID). The purpose of this was to assist in the management of supply changes. Another of the goals of this project included pushing forward the integration of the Internet of Things and blockchain. Waltonchain Coin (WTC) is the most important digital cryptocurrency in the Waltonchain-ecosystem.

Technology

The developers of Waltonchain Coin claim that due to the decentralization and the combination of RFID technology Waltonchain, the result will be a trustworthy, authentic, traceable, and fully transparent business ecosystem with all of the data shared.

The RFID technology harnessed in Waltonchain Coin uses the electromagnetic fields to combine the digital identity to the real-world objects. Small chips attached to the objects that label them help in this process. These are the tag chips that function just like the barcodes except for the fact that RFID chips are not required to be in the line of sight of the RFID reader that is used to identify the chips.

Pros

• The combination of the IOT and blockchain allows trustworthy, authentic, traceable, and a transparent business ecosystem.
• There will be a further application of artificial intelligence and machine learning that will lead to the creation of a complete supply chain. This will include the production, stores, sales, logistics, and after-sale services.
• The only parent chain in the entire business ecosystem is the Waltonchain Coin. Other cross-child-chain asset exchange and data transmission will expend Waltonchain Coin even more.
• Since the Walton ecosystem grows continuously. A huge number of businesses that will join the ecosystem due to which the WTC will further expand to form all kinds of child chains. Subsequently, the demand for the WTC will also rise.

The VIOT system employed in Waltonchain has some of the clear benefits. Like,

• A trustworthy anti-counterfeiting via RFID identification.
• Precise product verification and tracking.
• Improvised security measures because of the powerful blockchain technology.
• Decentralized trustless mechanisms.
• Efficient supply chain process.

Cons

• The holders of Waltonchain Coin do not have a share in the company.
• All the information regarding the project can be hard to obtain.
• There are concerns regarding the trustworthiness of some of the team members.

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