Waltonchain Subsidiary, IOT Technology, Partnered with ISHIJAH
On February 26, IOT Technology, a subsidiary of Waltonchain, signed a strategic partnership and purchase agreement on the intelligent food and beverage management system with Ishijah Trading.
Xiamen Ishijah Trading Co., Ltd. focuses on airport business services. It is the №1 coffee brand of the Civil Aviation Administration of China (CAAC). In 2011 it was officially authorized by the Diaoyutai State Guesthouse to become the first and only coffee brand in Fujian province, and the only coffee brand in airport service area to obtain distribution rights of Diaoyutai Coffee, a coffee brand especially served to heads of foreign states and VIPs during official visits.
This partnership with ISHIJAH deals with the practical application of RFID and blockchain technologies in the catering industry. By adopting RFID tags bound to food ordered by clients, and utilizing the RFID smart billing platform, the brand-new chip-based smart billing model is established. Data is loaded to the chain automatically and the accurate integrated management of food and beverage services is achieved.
With this smart billing model, we can clearly interpret consumer behavior and count restaurant turnaround rates accurately. It also provides a data base for marketing strategies. This cooperation is of great significance not only to enhancing the customer experience in the emerging trend of social beverage and food consumption, but it will also help to:
● Optimize operational efficiency
● Reduce operating costs of chain stores
● Ensure data security
● Ensure transaction security
● Promote & popularize the application of IoT RFID & blockchain technologies throughout the social beverage & food, and restaurant industries.
Currently, Waltonchain is at the stage of real world implementation of Waltonchain technology. At this stage, both the Waltonchain team, and Silictec with its subsidiaries, will capitalize on the market resources in their respective industries to lay a solid foundation for steady growth. We firmly believe that in the future, Waltonchain will be applied to all walks of life, and realize the new global business ecosystem.