Waltonchain (WTC) is an ecosystem connected to a blockchain that combines IoT (RFID technology in particular) with the blockchain to sustain a management network for supply chains. The name is an acronym for Wisdom Alters Label, Trade, Organization, and N etwork, and also stands for Charlie Walton - the inventor of the RFID technology.

RFID (Radio-frequency identification) technology was created in the 20th century and can be used for pretty much everything starting from mobile payments to building highways. It automates the tracking of merchandise and practically replaces the process of people scanning products manually by using elect romagnetic fields to identify objects. RFID plays a significant part in a large number of applications.

Waltonchain uses RFID for tracking products on each step of their creation and distribution. This data is being stored in an immutable blockchain that provides 100% accuracy. Using RFID tags, data representations of physical items can be stored in blockchains. You need a simple scan of the RFID tag to provide you with all the information you can need of the item, including all the places where it has bee n and who has been handling it and had access to it.

WTC can:

- Improve security via blockchain technology,

- Help with the accurate tracking of a product all the way back to its origin, - Provide decentralization without trust,

- Reduce the labor costs.

It also improves a lot the anti-counterfeiting with the RFID technology.

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