Waltonchain which is aiming to revolutionize the Internet Of Things by using the Blockchain technology has a specialty in designing and manufacturing RFID chips at a cheaper rate and making the logistics more efficient.
Although the CEO Mo Bing is not that outspoken like some of Crypto CEO’s like Justin Sun, in the recent interview he has laid down the reasons why their project is unique and talks about the future potential and ambitions of the project.
Bing says that they have always focused more on real-world applications more than marketing and their plan “Waltonchain Wide-scale Promotion” is set to happen in June 2020. Bing has impressive credentials like 20 published papers and 18 invention patents. He was also the Technical Director in the field of Integrated Circuits in Korea University and has 10 years of experience in the field.
Mo Bing, CEO of Waltonchain said:
Waltonchain will be the Qualcomm + Cisco in the blockchain industry. Based on this, Waltonchain will become the ‘Google search engine’ of blockchain
The major competitor of Waltonchain is, of course, IOTA which is in the top ten Cryptocurrencies and uses their unique Tangle technology.
This technology has reached a very big consensus around the world, because in conditions of high concurrency of blockchain, the IOTA’s underlying technology can theoretically be infinite. With objects interconnected, it is more suitable for the Internet of things. This is its biggest innovation
IOTA is obviously more popular and older than Walton, Although Bing says that Waltonchain has an advantage in the hardware side as it is their specialty.
He says: “Even with IOTA, they are purely soft stuff at the bottom of Blockchain. There is no hardware.”
He compares Waltonchain to Qualcomm which is the largest telecommunication equipment manufacturing company as their strength in the chip design and Cisco which is the networking giant because they will be entering the sensor field and plan to improve the way communication happens.
Bing believes in a more shared where Blockchain and IOT would help build such a society where efficiency will be increased by machines and not error-prone humans. He also says that with the amount of data they will be collecting they can easily be called the “Google of Blockchains“.
Waltonchain Tweeted:
Waltonchain is currently priced at $8.17 is the 50th Cryptocurrency with a market cap of over $254 Million. At its peak, WTC reached as high as $44.
These videos summarise Waltonchain well:
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