The World’s First Public Chain + IoT Implementation Project Unveiled! Waltonchain Leads the Blockchain 3.0 Era
On July 5, 2018, China Smart Retail Conference and Blockchain+ Technology Application Summit jointly hosted by Shenzhen Smart Retail Association, Shenzhen Retail Business Association, Shenzhen Franchise Association, Waltonchain, Freyrchain, Kaltendin, Skynovo and Huoxun Finance was held at Shenzhen Smart Retail Association.
Industry leaders and media attended the conference. Prestigious organizations, traditional Internet giant BATJ, New Retail executives and senior technical experts, including
- Senior Director of Tencent Open Platform, Ms. Hu Hao
- Waltonchain COO, Monitor Chan
- Director of Citylink and IOT Technology, Dean of ZhongChuan IoT Industry Research Institute, Mr. Lin Herui
- Director of Kaltendin Products Center, Mr. Zhang Zhengxiong
- Waltonchain CSO, Welson Wong
- Skynovo CEO, Mr. Chen Gengsheng
- Huoxun Finance CEO, Mr. Long Dian were
They delivered brilliant speeches, discussed the current industry focus and witnessed the release of the first implemented public chain + IoT application.
President of Shenzhen Smart Retail Association, Mr. Hua Tao stated that at present the retail industry is facing transformation to enter the fourth stage, the Smart Retail. The two major reasons for this change are the technology progress and consumption upgrade, the former having the crucial role. He indicated that the consumption model changed from B2C to C2B and then to C2F. The next step is going to be F2C, this means enterprises will conduct research of the specific consumer group consumption demand through new technologies such as Internet technology and Big Data analysis. In this way, enterprises provide the product or service to target the specific consumers’ needs. This is the current development direction of Smart Retail.
Speaking of Smart Retail, Senior Director of Tencent Open Platform, Ms. Hu Hao expressed that it means stepping on the path of an independent business. The core of Smart Retail is the ecologicalization of consumer-oriented retail activities. All spheres related to retail such as production design, logistics, storage, centralized procurement, physical sales, service activities, operation management and capital flow are being gradually integrated into digital and smart platforms. Finally, this leads to optimization of retailers’ benefits and consumer experience and realization of autonomous businesses with smart decision-making based on the Internet of Everything.
As a new disruptive technology driving the society, blockchain leads the global technological change and a new industry revolution. It is expected to be a vital channel for global technological and business model innovation. At present, China’s blockchain technology continues the innovation, experiments and implementation to make China the leading power in the new generation of information technology. The implementation of blockchain in areas such as clothing industry, supply chain finance, credit inquiry, product traceability, etc., can promote the technological and organization change of the economic system and essentially contributes to building the modern economic system.
Waltonchain COO, Monitor Chan stated that the trend of IoT development has been rapid in recent years. He predicted that the number of IoT terminals will reach nearly 31.6 billion units in the next five years. However, IoT also has its weaknesses, such as lack of interface standardization, insufficient security, insufficient data collection, centralization and the increasing operation and maintenance costs. The decentralization and tamper-proof features of blockchain can effectively empower IoT to solve these problems.
Waltonchain is the first enterprise in the industry to put forward the concept of Value IoT to rooting in the effective combination of blockchain and the IoT. Under the background of blockchain project surge in the first year of blockchain implementation, to launch a technological application is the common pursuit of blockchain advocates. The global leader in blockchain + IoT, Waltonchain released two blockchain + industry solutions at China Smart Retail Conference and Blockchain+ Technology Application Summit.
Together with Kaltendin and Skynovo, Waltonchain released two applied blockchain pilot projects at the event. Waltonchain is the first enterprise to implement the public chain + IoT model. It released the world’s first blockchain-based high-end clothing authenticity traceability platform, WTC-Garment as well as the world’s first blockchain-based two-way traceability food authenticity platform, WTC-Food.
WTC-Garment, the world’s first blockchain-based high-end clothing authenticity traceability platform, is developed by the global leader in blockchain + IoT, Waltonchain and China’s leading high-end clothing brand, Kaltendin. The platform not only improves the efficiency of business operations of high-end clothing retailers in manufacturing, logistics and store management through comprehensive smart solutions, but also provides an immersive shopping experience for customers. With the help of Big Data, the business can also analyze customers’ needs, improve service quality, data utilization, store sales and turnover rate.
The food industry is also in great demand for the decentralization and traceability brought by blockchain. Waltonchain teamed up with Fujian Skynovo IoT Technology to launch the world’s first blockchain-based two-way traceability food authenticity platform, WTC-Food. WTC-Food will achieve mutual benefit for consumers, enterprises and technology through the powerful and flexible data collection, information traceability and credit endorsement. It will be widely promoted and applied in the food industry in the future.
As the world leading enterprise in blockchain + IoT, Waltonchain started with the IC chips business. Its founding team includes blockchain technology pioneers. After nearly 10 years of knowledge accumulation, Waltonchain focuses on the combination of software and hardware to become the go-to IoT blockchain company.
The two blockchain + industry solutions by Waltonchain presented at the summit marked not only the company’s determination to actively promote the application of blockchain, but also the gradual expansion of its “Cisco + Qualcomm” application scope to become the “Google” in the blockchain industry.
Waltonchain’s corporate mission is promotion of blockchain technology development and application in the IoT, constant promotion of all kinds of traditional industry structure optimization and regeneration to build the blockchain+ IoT ecosystem!