An Introduction to Waltonchain
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Waltonchain: Leading humanity to a reliable digital life. The project is named after Charles Walton (1921–2011), the famous inventor of Radio-Frequency Technology (RFID) technology.
Waltonchain (WTC) is the underlying public business ecochain. It resorts to RFID technology to create a unique combination of blockchain and the Internet of Things (IoT). On this ecochain, merchants can create customized child chains and monitor production, logistics, warehousing, and retail circulation of all commodities.
As a business ecochain, Waltonchain (WTC) ensures that all data on it is authentic and credible. With the self-developed reader chip and tag chip, all data of physical commodities in circulation is automatically recorded to blockchain. WTC avoids human interference, minimized the data tampering possibility and creates a fair, transparent, traceable, and credible new-generation business ecosystem.
Multi-scenario application: Waltonchain has been implementing technical applications in the clothing, food, collection, logistics, and other industries.
The clothing traceability authentication system based on the Waltonchain blockchain technology and relevant RFID hardware system includes RFID tags, smart RFID reader-writers, a clothing child chain, cross-chain nodes and an inspection system platform for data applications. The system can facilitate data circulation in production, logistics, warehousing, sales and other links. It ensures data authenticity and traceability of each garment.
It can simply the process, reduce costs for enterprises, and ensure consumers’ interests by allowing them to check authenticity and quality of the purchased clothes easily.
The food traceability system based on the Waltonchain blockchain technology and relevant hardware includes video collecting equipment, sensors, smart terminals, a food traceability child-chain, cross-chain nodes and a data inspection system platform. After adopting the system, data hashes can be extracted and uploaded to blockchain automatically through smart terminals to ensure that the data is tamper-proof. Consumers can easily check the relevant data through the data inspection system platform.
Waltonchain technical team developed the S.I. Two-way traceability marketing platform targeted at traditional traceability in the food industry. Waltonchain performs the Blockchain + transformation of traceability platforms: traceability information is uploaded to blockchain to ensure tamper protection.
Hardware & Software Integration: Waltonchain seamlessly integrates Blockchain and RFID to ensure data reliability right from the source.
In acquisition, perception and processing of all available data in the IoT or an ecosystem network, Waltonchain mainly focuses on two aspects:
- Data Reliability
- Data Value Circulation
The Waltonchain technical team has developed a smart RFID reader-writer with independent intellectual property rights, which can collect data, process it and upload to blockchain automatically. We also developed a smart data collecting device with independent intellectual property rights. It automatically collects, processes, and uploads various sensor data, audio and video, location information, etc. to blockchain.
The existing blockchain applications mostly adopt software solution and lack hardware support. Although the blockchain technology can guarantee data tamper protection, openness and transparency, because of the lack of hardware support the existing applied solutions cannot guarantee authenticity and reliability of data sources. The key feature of Waltonchain is implementation of a blockchain hardware system ensuring that data is authentic and reliable from the source.
In general, data in a blockchain + Internet of Things (IoT) ecosystem is also a simple ecosystem. Parts of the ecosystem are fragmented. Different domains build their own data ecosystem around their data, or build their own blockchain architecture.
Even blockchains may adopt different structure and technical systems. The main aim of Waltonchain is to connect data. We use integrated hardware and software, smart contracts with data customization, the Waltonchain cross-chain technology and WpoC consensus mechanism to achieve data integration, circulation, verification and storage between different blockchain (child chain) and thus connect different data sources and obtain wide data circulation.
The Waltonchain team has committed to establishing a complete, reliable, credible, scalable and transferable data-value-oriented blockchain ecosystem of the Internet of Everything and strives to make Waltonchain an integrated data collection equipment manufacturer, data communication researcher and developer, and data service provider.
Cross-chain Technology: Waltonchain’s outstanding cross-chain ecosystem brings cross-chain data co-sharing together with effective and fast indexing. Waltonchain is a cross-chain ecosystem where the parent chain and child chains serve as the framework.
Here data can access data on other chains, thus realizing cross-chain data co-sharing and effective and quick indexing. In the large multi-chain and cross-chain ecosystem of Waltonchain, each child chain can accurately store its own data and upload it to the big parent chain ecosystem to realize cross-chain query through data union and professional distribution of modules.
Waltonchain consensus mechanism Waltonchain proof of contribution (WPoC) is one of the important mechanisms to maintain the benign development of the Waltonchain ecosystem. WPoC includes three components:
- Proof of Work (PoW)
- Proof of Stake (PoS)
- Proof of Labor (PoL)
Proof of labor is a brand new consensus mechanism for data transmission and token exchange between various parent chain, child chain and cross-child-chain nodes on the Waltonchain network, i.e. Super Master Nodes (SMN), Guardian Master Nodes (GMN), and Master Nodes (MN).
The whole Waltonchain ecosystem ensures blockchain self-protection through calculation and tokenization based on the reasonable fuel (Gas) mechanism. Therefore it is necessary to both realize cross-chain transmission without affecting data circulation and maintain the Turing complete ecosystem mechanism of Waltonchain. It is realized in cross-chain data transmission: extraction of hashes or indices basing on data features and storage on the Waltonchain parent chain makes it convenient to search for data in the Waltonchain network in the future.
Using our cross-chain index mechanism, the required data can be found quickly; its authenticity can be verified quickly through cross-chain data.
Solutions:
Liquor/Pharmaceuticals/Oil & Gas Traceability System
Case Presentation
· The system includes Production Management, Warehousing & Logistics and Consumer End of the production flow
· Production End: sensors/devices collect production environment data (temperature, humidity, process), encrypted data/extracted data stamps are uploaded to blockchain and written into the product-bound RFID tag
· Logistics & Warehousing deploys RFID reader-writers; product status at each link is recorded in the back-end management system and written into the RFID tag; system data is encrypted and uploaded to blockchain regularly
· Consumer End: users scan product tags with RFID readers in stores to view product information and check authenticity
· Powerful and flexible data collection, information traceability and credit endorsement are beneficial for consumers, enterprises and technology development. It has wide application prospects for health products, liquor and other industries
Blockchain + Cloud Video Collection System
Case Presentation
· Blockchain Video Collection System includes Data End, System End and Application End.
· Data end collects video. Camera terminals feature video collection devices connected to a cloud server.
· System End includes servers, processors and storage. Processors segment videos, collect stamps and upload to blockchain at specified time periods. The information uploaded to blockchain includes: video file name, camera location, camera No., shooting time, video fingerprint, etc.
· In the application end, users can query related videos by multiple parameters on a centralized system, compare video information with on-chain data instantly for authenticity and integrity
Blockchain + Cloud Architecture can accelerate construction of campus/city monitoring system, improve district security work and reduce information authenticity disputes of completely centralized systems
Warranty/Extension Information Traceability System
Case Presentation
The warranty/extension system ensures equality of rights and interests for beneficiary parties/nodes by uploading encrypted information of each link to blockchain and storing it on multiple node servers in a distributed way to complicate tampering/deletion. The system compares claim, reimbursement and maintenance data with that on blockchain.
Warranty/extension product uploading to blockchain: Product query on a centralized system. The results are instantly compared with the data on blockchain for authenticity.
Key order information: Data comparison to check if repair requirements are met:
YES: proceed to maintenance, NO: maintenance non-conformity report
Extension/claim applications: Query result comparison to check if claim requirements are met
Extension/repair order key information: Insurance companies query the whole process
Repair orders: Users query parts, maintenance items, cost and check repair order authenticity
Extension order key information: Users query extension orders and products in them for data authenticity
Blockchain + Agriculture Solution
Case Presentation
WTC-Food System adds up the Internet, cloud computing and big data to the IoT + blockchain core for IoT collection and automatic uploading of food safety, production and circulation data to blockchain, global distribution management and traceability.
Having trouble with long and costly supply chains?
Unable to control various SKUs and error rate in logistics and warehousing?
The world’s first blockchain-based clothing authenticity system WTC-Garment by Waltonchain is applied to all links of the clothing industry, such as supply chain optimization, warehousing and logistics management, and consumer big data extraction to fundamentally solve the common industry pain points.
Public Child Chains Introduction
Waltonchain is a cross-chain ecosystem where the parent chain and child chains serve as the framework. In this cross-chain ecosystem, data circulation and value transfer can be realized between child chains.
In general, data in a blockchain + IoT ecosystem is a simple ecosystem. Parts of the ecosystem are fragmented. Different domains build their own data ecosystem around their data, or build their own blockchain architecture. Blockchains may even adopt different structure and technical systems.
The main aim of Waltonchain is to connect data. In the Waltonchain ecosystem, the multi-chain architecture formed by the parent chain and child chains follows the development trend of cross-industry coverage in the blockchain technology. The innovative child chains for various industries utilize the encrypted and secure IoT data acquisition hardware to deeply integrate the business logic of specific industries and form an open industry expansion mechanism with strong vitality. Waltonchain is committed to incubation of 50 outstanding global child chain projects to build a massive cross-industry blockchain ecosystem.
Team
Our team is a group of pioneers specializing in integration of blockchain, the Internet of Things and RFID technology. It includes Chinese and Korean business, academia and investment talents. We expand the blockchain technology into the Internet of Things, as this combination will lead the next technological revolution.
Our project has the strong support of senior blockchain developers, renowned investment institutions, prestigious lawyers, finance experts, world-class chip design experts and senior executives of China’s top tech and clothing businesses.
Do Sang Hyuk: Korean, Vice Chairman of China-Korea Cultural Exchange Development Committee, Chairman of Korea NC Technology Co., Ltd., former Director of South Korea Electronic News Media Bureau, Director of ET News, Former Director of Korean Standards Association, Chairman of Small and Medium-Sized Enterprise Committee in Seongnam, South Korea.
Xu Fangcheng: Chinese, majored in Business Management, former Director for Supply Chain Management of Septwolves Group Ltd., has rich practical experience in supply chain management and purchasing process management. Angel investor.
Kim Suk Ki: Korean, one of the key persons in South Korean electronics industry, Doctor of Engineering (graduated from the University of Minnesota), previously worked at Bell Labs and Honeywell USA, served as a Vice President of Samsung Electronics, senior expert in integrated circuit design, IEEE Senior Member, Vice President of Korean Institute of Electrical Engineers, Chairman of Korea Semiconductor Industry Association. Has published more than 250 academic papers and possesses more than 60 patents.
Zhu Yanping: Taiwanese, Doctor of Engineering (graduated from National Cheng Kung University), Chairman of Cloud Computing & IoT Association in Taiwan. He won Taiwan Ministry of Education Youth Invention Award and Taiwan Top Ten Information Talent Award. Has deeply studied blockchain applications over the years and led a blockchain technology team to develop systems for health big data and agricultural traceability projects.
Wei Songjie: Chinese, Doctor of Engineering (graduated from the University of Delaware), blockchain technology expert in the field of computer network protocol and application, network and information security. Has published more than 20 papers and applied for 7 invention patents. Previously worked at Google, Qualcomm, Bloomberg and many other high-tech companies in the United States, served as R&D engineer and technical expert; has a wealth of experience in computer system design, product development and project management.
Mo Bing: Chinese, PhD in Engineering, post-doctor. Research professor at Korea University, expert in the IoT, expert in integrated circuits, senior member of Chinese Society of Micro-Nano Technology, IEEE member. Evaluation expert of science and technology programs at Fujian Province Science and Technology Department, evaluation expert of science and technology programs at Jiangxi Province Science and Technology Department, Director of Xiamen City Integrated Circuit Association. Has presided over 10 scientific research projects, published more than 20 articles and applied for 18 invention patents. Since 2015, has been mainly engaged in research of integrated circuits and blockchain. A number of commercial chips have been successfully developed under his guidance.
Shan Liang: Chinese, graduated from KOREATECH (Korea University of Technology and Education) Mechanical Engineering Department, Venture Capital PhD, GM of Walton Chain Technology Co., Ltd. (Korea), Chinese Market Manager of NHTECH, Economics Group leader of Friendship Association of Chinese Doctoral Students in Korea.
Lin Herui: Chinese, successively served as Nokia R&D Manager, Product Manager and Microsoft Hardware Department Supply Chain Director. In 2014, started to set up a number of IoT enterprises and laid out the IoT production chain. Products and services developed under his guidance are very popular.
Zhao Haiming: Chinese, Doctor of Chemical Conductive Polymers at Sungkyunkwan University, core member of Korea BK21th conductive polymer project, researcher at Korea Gyeonggi Institute of Sensor, researcher at ECO NCTech Co., Ltd. (Korea), Vice President of Chinese Chamber of Commerce (Korea). Has been engaged in transfer of semiconductor, sensor and other technologies in South Korea.
Liu Cai: Chinese, Master of Engineering, has 12 years of experience in design and verification of VLSI and a wealth of practical project experience in RFID chip design process, SoC architecture, digital-analog hybrid circuit design, including algorithm design, RTL design, simulation verification, FPGA prototype verification, DC synthesis, back-end PR, package testing, etc. Has led a team to complete the development of a variety of navigation and positioning baseband chips and communication baseband chips, finished a series of AES, DES and other encryption module designs, won the first prize of GNSS and LBS Association of China for scientific and technological progress. Expert in the consensus mechanism principle of blockchain and the related asymmetric encryption algorithm.
Yang Feng: Chinese, Master of Engineering, worked at ZTE. Artificial intelligence expert, integrated circuit expert. Has 12 years of experience in VLSI research and development, architecture design and verification and 5 years of research experience in artificial intelligence and the genetic algorithm. Has won the Shenzhen Science and Technology Innovation Award. Has done an in-depth research on the principle and realization of the RFID technology, the underlying infrastructure of blockchain, smart contracts and the consensus mechanism algorithm.
Guo Jianping: Chinese, Doctor of Engineering (graduated from Chinese University of Hong Kong), IEEE senior member, integrated circuit expert. Has published more than 40 international journal & conference papers in the field of IC design and applied for 16 patents in China.
Huang Ruimin: Chinese, Doctor of Engineering (graduated from the University of Freiburg, Germany), integrated circuit expert. Mainly explores digital signal processing circuit and system implementation, works on R&D of digital signal processing technology for a long time.
Guo Rongxin: Chinese, Master of Engineering. Has more than 10 years of experience in design and development of hardware and software for embedded systems, works on R&D of RFID and blockchain in the IoT for a long time.
Huang Hongtai: Chinese, Bachelor of Engineering, has five years of experience in WEB front and back-end development, develops IoT and educational information platforms for a long time. Has a strong interest in the blockchain technology.
Liu Dongxin: Chinese, received an MBA at China Europe International Business School, strategic management consulting expert, investment and financing expert. Research interest: the impact of the blockchain technology on the financial sector.
Hi everybody! I was going to keep adding to this article, but I think this is a good introduction to Waltonchain.
It is incredible everything that they are doing that it can be overwhelming to inform yourself.
Please join our official telegram and twitter. This is one of the best places to get knowledge about us.
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Waltonchain
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Thanks for reading :)
