The future of supply chain management is finally here; Waltonchain (WTC) has been designed to integrate both blockchain technology and the Internet of Things (IoT) while utilizing the Radio Frequency Identification (RFID) technology. It is a technology that is used to track the tags that have been attached to products. The tags resemble your usual barcode at the store but contain information that has been stored electronically.
Although Waltonchain started with a focus on the global clothing industry, its cutting-edge technology is bound to spread to other retail economies in due time. The chain stores vital customer information using smart contract technology. This ensures that businesses can improve the services they offer by having access to customer data that has never been tapped before. More like what websites do when using Google analytics, market trends and Search Engine Optimization (SEO).
The Waltonchain (WTC) has been built to enable faster, accurate and reliable supply chain logistics management. For the first time, the checkout process in retail and especially physical products has been extremely enhanced by using the power of big data. The company has taken over the innovation in the space and is able to produce its own specialized RFID chips. Significantly, Waltonchain produces the chips at a cost, not more than $0.5. Similarly, innovation is not scarce at Waltonchain; they have also come up with their own readers for the RFID chips.
Waltonchain is a revolutionary platform that encompasses both Ethereum and Dash blockchain features. The chain uses Ethereum smart contracts but has integrated the POW X11 from Dash. It is the only platform that has developed an ecosystem for the businesses where they have access to both a child chain and a parent chain. Not all the information a business has can be made public. Therefore, Waltonchain has designed the system with a touch of privacy but still maintaining decentralization as well as transparency. The two-chain system also achieves high scalability levels, besides the users, have the capacity to customize the system to their advantage.
Waltonchain has recently launched its mainnet in a bid to expand the services they offer to their users. In addition to that, the team has also released the WTC wallet iOS. The wallet is said to be simple, secure, concise and user-friendly. However, the users have been asked not to transfer the coins to the wallet until the token swap has been carried out successfully. The Waltonchain token, WTC is very essential to the ecosystem because it enables the creation of sub-chains, data exchange along with fees on chain processes.
Waltonchain (WTC) price analysis
Waltonchain (WTC) price is currently trading marginally above $12.00. Besides, it has formed a short-term bullish flag pattern pending an upside breakout. The upside movement was initiated at $10.7 which paved the way for higher corrections breaking past resistance at $11.2 and $12.2 respectively. The upside has been capped below $12.4, but there is a weak bullish trend gaining traction in the short-term. WTC/USD is supported weakly at $12.00, although a stronger support lies at $11.2 – $10.8.
Waltonchain (WTC) is ranked the 57th cryptocurrency by market capitalization. Its market cap is approximately $374 million while the trading volume at the time of writing is $10,576,300. It has a circulating supply of 31,144,099 WTC. On the other hand, its total coin supply is 70,000,000 WTC.