Waltonchain ($WTC) is an open-source underlying public business ecochain on Ethereum, which focuses on blockchain + the IoT. It integrates blockchain and RFID technology to promote industry transformation and upgrading by serving the real economy with blockchain technology.

Waltonchain combines the decentralization and immutability of blockchain with RFID chips developed in-house to provide traceability and certification solutions for various industries as well as encryption services and distributed database building for industrial data.

Waltonchain aims to create a fair, transparent, traceable and credible new-generation business ecosystem. Based on the blockchain technology, Waltonchain constructs a VIoT (Value Internet of Things) ecosystem where blockchain merges with the IoT relying on devices, network, value and data. Its business applications include food traceability, luxury goods identification, seafood transportation tracking, logistics tracking and will be further diversified.