The Waltonchain (WTC) platform is a mix of blockchain and RFID technologies. The result of this amalgamation is a better streamlined management of supply chains. This particular platform gets its name from the inventor of RFID technology, Charlie Walton. RFID is the abbreviation for Radio Frequency Identification technology and is already being widely used in many different applications.
Waltonchain (WTC) benefits you in many ways in the real world. An RFID has been created for all products and data related to the products which are then stored on the blockchain. The data can be brought up to date with considerable ease during warehousing as well as during transportation. With Waltonchain (WTC), it is also easy to track your products in the store and at the same time it also allows you to keep track of client details and the client’s unique preferences. All this results in a vastly streamlined management of the processes and lowering of costs. It is also invaluable when you want to create convenient access to the decentralized hub.
When you want to streamline the supply chain management effort. It is also very useful because it helps to cut costs and it makes it easy for you to create a decentralized hub. The only thing that we have to wait for is the number of manufacturers and product makers who will use this new technology.
The RFID technology has in fact been used in applications such as freeway billing, and credit card payments as well as in mobile payments. The most important part of this ecosystem is known as WaltonChain and the token used in this platform is called the Waltoncoin.
If you are wondering why we should use the Waltonchain (WTC) platform, the simple answer is it helps to streamline your supply chain. In other words, it makes it easy to decentralize the supply chain in many different ways and it also provides you with a history of all your products. Better still, it also offers a decentralized network in which you can store and access whatever information you need. RFID can be attached to any item and is different to barcodes which do not require line-of-sight to be read by a scanner.
There are good reasons to opt for RFID instead of barcodes. The most important reason is it allows machines to read them very easily and in doing so improved the efficiency of warehouse management. The Waltonchain (WTC) platform makes the most of the Internet-of-Things and so connects various physical entities to the Internet. A newer technology called Value-Internet-Things is currently being developed which is responsible for integrating blockchain technology. This concept makes full use of RFID tags and reader chips.
