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Waltonchain is a joint Chinese-Korean project that aims to combine blockchain technology and radio-frequency identification (RFID) to track items and improve supply chain management. RFID uses electromagnetic fields to attach digital identities to physical objects. This information is then stored on small chips attached to those objects.
RFID is already in widespread use throughout everyday life, including in the etag in your car and in the microchip used to identify your lost dog.
By attaching small RFID tags with unique IDs to objects, those objects can easily be identified with information logged on the blockchain. This should then allow companies to track their products on the blockchain, with the end goal being to cheaply improve supply chain management and stop the production and sale of counterfeit goods.
Such technology is theoretically beneficial to a huge number of industries, including fashion, storage, food and beverage, auto, retail and logistics services.
The token used for circulation and payment within the Walton ecosystem is the WaltonCoin (WTC), which can be used to issue subchains, provide dividend interest and act as a credit and mortgage system.
Waltonchain (WTC) is the 1123rd largest cryptocurrency in the world by market cap, valued at $5,485,533. The current price of Waltonchain is $0.2628836, which is -0.017% lower than yesterday. Prices have ranged between $0.3017266 and $0.2606324 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 27, 2022 09:05 UTC.
| Coin symbol | WTC |
|---|---|
| Coin Marketcap | AUD$5,485,533 |
| Total WTC supply | 70,000,000 |
| Circulating WTC | 29,182,765 |
| Current price | AUD$0.2628836 |
| All time high date | May 12, 2022 |
| Notable team members | Do Sang Hyuk, Xu Fangcheng |
| Partnerships | Polo Multimodal Pecém |
| Industry | Logistics |
| Token uses | Payments |
| Network | Ethereum |
Historical prices compared with the price of $0.2628836.
| 1 hour | -8.52% |
|---|---|
| 24 hours | -0.02% |
| 7 days | -0.76% |
| 14 days | -8.51% |
| 30 days | -20.99% |
|---|---|
| 60 days | 44.99% |
| 200 days | -55.83% |
| 1 year | -65.05% |
Disclaimer: Cryptocurrencies, including Waltonchain, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of WTC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Waltonchain or any other cryptocurrency discussed.
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