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Waltonchain (WTC) is a cryptocurrency and Chinese project of a business ecosystem with complete data exchange and absolute information transparency based on the blockchain, IOT (Internet of things) and the application of the RIFD – the identification chip, which is used in various sectors requiring identification (credit cards, mobile payments, magnetic keys, etc.). The name was given in honor of Charlie Walton, who is the inventor of RFID technology and died in 2011. The project was launched in 2016 on the fifth anniversary of Walton’s death.
Lyle Hauser, CEO of South Florida-based private equity firm Vantage Group, is sure: the merging of IoT and Blockchain is a promising one, and one whose implications are wide-ranging as the IoT frontier. Why? Check out below.