"The whole system of the Value Internet of Things can be divided into two parts: hardware and software. The hardware includes the RFID tag chips and the RFID reader chips. The RFID tag acts as the interface for all assets to be connected to the chain, and the reader chip is a bridge for all assets to be connected to the chain and can be used as a node on the chain. The software includes the Waltonchain software system, the Walton protocol and the Walton coin. With the combination of software and hardware, the Value Internet of Things can really achieve the connection of all things to the chain and the digitalization of all assets."
What we don't like:
Walton could be ahead of its time. If the world is not ready to embrace RFID chips, that would be terrible for Walton. It’s hard to imagine with companies trying to move entirely towards automation they would turn their back on this revolutionary technology.
What we like:
The founder of Walton is Xu Fangcheng. He founded the South Korean men’s apparel company, Fujian Septwolves Industry. A company now worth over 7 billion dollars. One of the senior advisors for Walton is, Jie Xiji, a former VP at Samsung. Walton is combining RFID technology and the blockchain. They are producing their own RFID chips. The Waltonchain allows for subchains, this allows companies to keep track of tangible items on the blockchain, cutting significant costs currently involved in monitoring inventory. Walton is trying to revolutionize retail, and has the connections to get it done.