tokens
Now you are reading
Waltonchain (WTC) - a cryptocurrency that will revolutionize the transport of goods
0

Waltonchain (WTC) - a cryptocurrency that will revolutionize the transport of goods

created Michał SielskiApril 19 2021

If people with experience in companies such as Google, Bloomberg, Samsung and winners of competitions for young geniuses, it can be assumed that it will not be a copy of one of the many cryptocurrencies. And it is not - Waltonchain (WTC) focuses on the supply chain that can be improved through it.

We continue the cycle of the Forex Club portal, in which we analyze and describe the largest, highest-valued, most interesting, most developmental, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for Waltonchain - a technology that allows you to manage supply chains based on a reliable blockchain.

Charles Walton is the late inventor, pioneer of research on modern wireless technologies, holder of 50 patents and creator of, among others RFID system (radio frequency identification), i.e. wireless chips that allow, for example, to open a garage door or a car without inserting a key into the lock. 

The Asian founders of the Waltonchain project decided to improve these discoveries by applying them to them blockchain. Thanks to this technology, it is possible to revolutionize the production process, and above all, the delivery of products. 

How Waltonchain (WTC) Works

Thanks to the use of this technology, it is possible to track all the processes that need to be tediously analyzed on a daily basis, downloading data from many places and comparing them with each other. By using Waltonchain, you can have this data right away and much more detailed. We will get them immediately and we will know, for example, not only what sells best in the store, but we will also get all the parameters of these products: size, color, price, etc. There is no need to convince anyone that this makes it easier to maintain the continuity of sales by ordering specific goods in a timely manner. It saves time, money and increases earnings by using the prevailing trends to the maximum. 

All thanks to chips R.I.F.D, as modified by Waltonchain. Their miniature size and the ability to scan from a distance already allow a lot, but adding a cryptographic layer to them introduces more possibilities. First of all, thanks to the blockchain layers, consisting of the main and side chains. There can be an infinite number of branches, so each client can not only have his own, but also have separate blockchains for different products. It is not only easier to use, but also allows for greater scalability, which is of utmost importance with a constantly growing project. We must remember that there is also a need to maintain strict privacy due to trade secrets, which is ensured by smart contracts and a network of nodes modeled on the privacy-famous the DASH cryptocurrency.

A team that is a classic blend of experience and youth is working on all of this. We have in it, among others former employees of technology giants such as Google, Bloomberg, Samsung or IoT, but also fresh winners of competitions for young geniuses. No wonder that Zhangzhou Branch of China Telecom Corporation Limited and even one of the Alibaba Group companies soon became partners in the project.

Tokens that work not only within the project also have a lot of applications. They also entitle to dividends, can be used to secure the loan system, as GAS for transactions and, of course, exchanged on cryptocurrency exchanges.

WTC token quotes

Waltonchain is currently available on 30 cryptocurrency exchanges around the world. As of April 16, 2021, 69 of the target 656 million tokens are in circulation. Each of them is valued at $ 288, which translates into a market cap of over $ 100 million. The peak of trading took place on January 2,20, 140, when the WTC was traded at $ 29.

What do you think?
I like it
50%
Interesting
50%
Heh ...
0%
Shock!
0%
I do not like
0%
Detriment
0%
About the Author
Michał Sielski
Professional journalist for over 20 years. He worked, among others, in Gazeta Wyborcza, recently associated with the largest regional portal - Trojmiasto.pl. He has been present on the financial market for 18 years, he started on the Warsaw Stock Exchange when the shares of PKN Orlen and TP SA were just being introduced to the market. Recently, his investment focus has been exclusively on the Forex market. Privately, he is a parachutist, a lover of Polish mountains and a Polish karate champion.