Today we’re looking at a lesser-known altcoin called WaltonChain. What is WaltonChain? How is its coin performing against the USD and other cryptocurrencies?

What is WaltonChain?

WaltonChain, or how it’s known to the crypto crowd, WTC, is a China-based company. It claims to have created a “Value Internet of Things” ecosystem combining the blockchain technology with something called RFID.

Some Definitions…

WaltonChain aims to create a more efficient market. A business ecosystem that would allow industries and products with RFID technology within the Internet of Things to establish a solid environment.

With that, members can have access to fast and cheap transactions by establishing a connection between nodes, chains, products and the Internet of Things. These will all be supported and operated by WaltonChain.

WaltonChain’s Partnerships

Of course, our only source to research about WTC at this point is to read through their proposals and decide whether they are genuine about their claims and ambitions.

However, they have been able to sign partnerships with companies such as  China Telecom’s Zhangzhou branch, as well as the US-based company, Loci, which has created a platform for IP research.

The China Telecom Zhangzhou partnership is aiming to help to build a smart city. The full support from China Telecom Zhangzhou will promote the innovative construction of blockchain-based Value Internet of Things and the development of the innovative layout of commercial ecosystem applications by Waltonchain.