Waltonchain is a cryptocurrency and blockchain based project that integrates RFID chip technology within the blockchain. Its main target is the supply chain industry, where it seeks to create a comple
te logistics solution.
Waltonchain’s name comes from Charlie Walton, the inventor of RFID (Radio Frequency Identification) technology. RFID is used around the world in things such clothing tags, credit card payments, mobile payments, shipping trackers and much more.
Through RFID and blockchain technologies, Waltonchain aims to decentralize the supply chain business, being able to track shipments, provide product history such as where it has been stored, current location and much more. RFID chips will act as nodes on the blockchain, and all information received or sent by them will be publically available, unalterable and secure.
In an era where product information and status is highly important, with companies spending billions to assure the tracking and safety of their products, Waltonchain is an ambitious project that attempts to tackle these issues in manner that is both precise and cost efficient.
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