Hi guys, So today I wanted to talk about a crypto that has been rising up lately and that would be the Walton chain and I want to talk about why you should invest.
However I do want to start with a disclaimer these are all just my personal opinions and I am NOT a financial advisor.
So why don't we talk about let me lay down a brief summary of, What Walton chain is?
It is a genuine trustworthy and traceable business ecosystem with complete data sharing an absolute information transparency. It is created by the combination of technologies of RFID and blockchain, which push forward the integration of blockchain and the Internet of things.
So the problem does Walton chain want to solve. Well it addresses the bottleneck problem of the business application of the blockchain. How to incorporate physical assets into the blockchain automatically?
So you may ask what are the advantages?
Well first its it's highly secured.
Second it is possible to truly trace back to its source.
Third it's possible to achieve the anti-counterfeiting goal.
Fourth realize the decentralization with less demanding requirements for credence.
Fifth it reduces labor costs.
So there's five reasons right there for you. Now let's talk about the scalability of the Walton blockchain.
Since it's based off of a theorem the average blockchain creation time of ethereum is about 30 seconds, which each block able to handle dozens to hundreds of transactions. Thus the transactions processed in one day can be as many as 500 thousand which is already good enough to satisfy. Most of the needs of the applications under the public chain.
What is worth noticing is that the parent chain of Walton chain?
Adopts post-2000 census mechanism which is able to sustain an even bigger transaction volume.
I also want to discuss before, I go some good reasons why Walton chain would be a good investment.
Recently they announced that they will be working with two China Mobile IOT Alliance on a global initiative to incorporate. Walton Shan IOT in 2018 this is a huge opportunity for Walton chain. Wealthy investors across Asia from different markets supporting this project. Overall Walton chain is a solid blockchain technology solution that you should research absolutely always do your research for further information.
So if I understand right, it would be the same RFID type tracking technology that companies use for logistics today but, rather than storing everything in a central database, it would get hosted on the Blockchain? Will all of the information on the Blockchain be public or private? I would think it might be difficult to get businesses on board if all of their logistics info was public.
yes you r right. What I have understood from this is that it is private.
Good to know, then I see a definite use case for it. What are your thoughts on some of the "Walton is a scan" type comments? Like the Twitter post where the guy that won a Walton give away was also in charge of the official Walton Twitter? ( Not trying to spread FUD, am genuinely curious)
As much as I know, this is not scam. I wrote the rest and understood what I wrote. I do not know much about this.