Waltonchain (WTC) is a revolutionary technology that combines blockchain and the Internet of Things (IoT) to create an efficient and secure infrastructure for tracking and managing the movement of goods and services. The project is led by a team of experts from both the blockchain and IoT industries, and is backed by Chinese tech giant Alibaba.
Waltonchain is a distributed ledger technology that uses RFID (Radio Frequency Identification) tags to enable automatic tracking of goods and assets. Companies can use Waltonchain to track their products and services from production to delivery, and even after the sale. This technology can also be used to keep track of inventory levels in warehouses and stores.
Waltonchain also has a unique feature called “Proof of Stake Time” (PoST). This feature allows the network to verify transactions and maintain the integrity of the data stored on the blockchain. Waltonchain also uses a hybrid consensus algorithm that combines Proof of Work (PoW) and Proof of Stake (PoS) to ensure high levels of security.
Waltonchain is currently focused on helping the retail, logistics, and manufacturing industries become more efficient by improving their tracking and management systems. In addition, the team is also exploring applications for their technology in other industries such as healthcare and finance.
Waltonchain is set to revolutionize the way companies track and manage their goods and services, and is sure to become an integral part of the global economy. With the backing of Alibaba, Waltonchain has the potential to become a major player in the blockchain space.