Review on Waltonchain by Arun Kaul

Name: Waltonchain
Item: Waltonchain
Rating: 4

June 16, 2019

Integrating Blockchain with the IoT - Waltonchain

Waltonchain is a decentralized platform that integrates the internet of things into blockchain using RFID technology. They have a unique RFID chip that is able to read/write directly to the blockchain without human intervention.
﻿
This creates a real decentralized blockchain enabling trust and traceable business ecosystem. It also allows information transparency and data sharing. Walton Chain aims to combine RFID and blockchain technology to help manage supply chains. It basically decentralizes the supply chain and provides info on products.

It also wants to build upon IoT by incorporating blockchain tech. RFID reader chips and RFID tag chips are used in waltonchain. The RFID reader is a node on the chain. The RFID tag is the connected device to the chain.

The RFID hardware system is the main reason that makes waltonchain a great business model. This can prevent bottlenecking in commercial applications on the blockchain.
﻿
RFID is a tag that is attached to any object. The RFID is better than barcodes because it does not require any line of sight to be read by a sensor. 
This makes is easier for machines to read them without having to scan the direct code. Some uses of RFID include animal tracking, toll booth auto pays, and tracking a shipment.
﻿
The Total Supply is 100 million coins with no further issuance in any case. The Max Supply is currently 70 million coins, with the remaining 30 million left to be mined over the course of many years. Currently, the Circulating Supply is around 25 million.
﻿

Pros

Their combination of hardware (RFID chip), software, child, and parent blockchain technology is truly unique.
Their RFID chips can hold private keys and can generate transactions on chips. They are bringing value to the business world by allowing businesses to start their blockchain product with ease.
Some big companies can bring a large sum of money into Waltonchain.
Their team is quite impressive, one of the biggest team’s on a project to date. This is very reassuring considering that they bring a massive amount of experience to the project.
The Waltonchain Ecosystem WTC will have multiple functions like - Issuing sub chains Dividend interest Credit and mortgage system Distributed asset exchange

Cons

They aren’t focused on marketing their product. This can slow the project down as a whole especially while other companies continue to push further into blockchain. Neo also had bad marketing when they first started but once they have gained attention, they moved up rather quickly.