What happens when the Internet of Things meets blockchain? Well Waltonchain definitely has a lot to say about it. Through the combination of IoT and blockchain, Waltonchain aims to create a genuine and traceable business ecosystem with complete data sharing and absolute information transparency.
Commercial blockchain applications are still in the early stages of development and there is still a lot of room for improvement. Waltonchain has come up with a solution that will take dapps to another level by uploading physical assets to the blockchain automatically.
Assuming that blockchain can help build trust, Waltonchain plans to create a new-generation IoT ecology where software and hardware interconnect, chains integrate into a network, data is shared, query and validation becomes cross-domain, and value is transmitted.
The vision of Waltonchain is to lead humanity to the reliable digital life via blockchain and bring about consensus, co-governance, co-sharing, and co-integration of IoT data and services in the information era.
The Waltonchain white paper describes an ecosystem which provides access to numerous child chains, traceability, and decentralization of products and information in different industries.
Waltonchain has proposed technological innovations such as chain cluster, WPoC, and PoL.
With ecosystem growth, Waltonchain will become a parent-child chain system similar to Ethereum smart contracts and cover most of the world’s industries.
Currently, Waltonchain offers solutions for the agriculture and clothing industries.
Waltonchain’s team is a group of pioneers specializing in the integration of blockchain, the Internet of Things, and RFID technology. The project has the strong support of senior blockchain developers, renowned investment institutions, prestigious lawyers, finance experts, world-class chip design experts, and the senior executives of China’s top tech and clothing businesses.
Waltonchain has grown to a team of more than 200, nearly 80% of which are technical professionals. Waltonchain has set up research bases in Shenzhen, Guangzhou, Nanjing, Quanzhou, and Xiamen in China, and Seoul in Korea.
In the Waltonchain system, you have to be a stakeholder to participate in the service, use it, or provide it to others. The service is data-centered. Being a stakeholder means you have to hold the WTC (ERC20) token. Only holders can contribute data to the system via uploading it to the blockchain and exchange data with value for more value. With the continuous growth of the Waltonchain ecosystem, more businesses will join it. A large amount of WTC will be consumed for packaging the parent and child-chain data.
WTC is the only parent-chain token of the whole business ecosystem. Any data and asset exchange across child chains needs to consume parent-chain tokens. When the ecosystem is formed, cross-chain data interaction becomes highly frequent.
You can store, send, and receive your WTC tokens in Lumi Wallet and rest assured that your digital assets are safe and sound.
How to Get Your WTC Wallet
First, you need to download our Lumi Wallet app. Create a PIN-code, And go to ‘Settings’ and write down your mnemonic phrase in the ‘Backup wallet’ section. Keep it safe and never ever share it with anyone!
Go to the ‘Wallets’ tab and tap anywhere on the white screen. You can add any wallet that you wish, just start typing in the name of the token or the project. Later on, you can easily navigate between your wallets, hide or swap their places.
Inside the wallet, you can check the price graph or your recent activity.
Sending and receiving WTC is also extremely easy: just tap on the ‘Receive’ button and share your address with the person who wants to send you the tokens or tap on ‘Send’ and fill in the details of the receiving party.
When it comes to managing your digital assets such as major crypto like BTC or ETH as well as ERC20 tokens, Lumi Wallet provides a smooth and easy experience. And we’re always there if you happen to need some help or just want to chat about the crypto market news. Join us on Telegram or follow our social media accounts on Twitter, Facebook, and Reddit to get the hottest news from the blockchain industry!