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What is Waltonchain?

Waltonchain is a blockchain-based platform that combines the Internet of Things (IoT) and Radio Frequency Identification (RFID) technology to create a business ecosystem that is decentralized, trustless, secure, and transparent. It utilizes RFID tags to track items through the supply chain process from production to sale. The data collected by these tags is stored on the blockchain, which allows for complete transparency and traceability of goods. This system also allows for automated management of inventory levels and accurate tracking of product information.

Waltonchain’s goal is to create an efficient and reliable business model that can be used in various industries such as retail, logistics, manufacturing, healthcare, finance, energy, agriculture and more. It has been designed with scalability in mind so it can easily adapt to different types of businesses. The platform also features smart contracts which allow users to automate certain processes such as payments or asset transfers.

The Waltonchain network consists of two main components: the parent chain and subchains. The parent chain serves as the backbone of the network while subchains are responsible for specific tasks within each industry. All transactions are recorded on both chains ensuring accuracy and security while allowing for faster processing times.

Waltonchain has already partnered with several companies including China Mobile IoT Alliance (CMIA), Yida Group, China Telecom Group Guangdong Co., Ltd., Shenzhen Xunlei Big Data Co., Ltd., Hangzhou Yunji Technology Co., Ltd., etc. These partnerships have allowed them to expand their reach into different industries.

Waltonchain aims to revolutionize how businesses operate by providing them with a secure and transparent system that can be used across multiple industries. With its innovative technology and strong partnerships, Waltonchain looks set to become one of the leading players in the blockchain space.