Waltonchain (WTC) Visit and Product Demo! (Part 1 of 3)
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- Published on Nov 17, 2017
- I Visited the Waltonchain (WTC) Research Center in Xiamen and checked out their product demo! WaltonChain claims to merge RFID with Blockchain technology - but do they have something good to show? Read more at: boxmining.com/waltonchain-wtc-review
Subtitles are available in English and Chinese (Click RU-clip Captions / Subtitles)
Apologies to the Walton community for ignoring so many of your messages - I finally made it to Xiamen and had a great trip!
WTC Donations: 0x58d98516363D2A5f93CE6aB4A4a909599C3EEC3a 
Science & Technology
Yo Mr.Boxmining! This is your best video ever!
+Boxmining Thank you!
Hey thanks man!
When will Walton Chain Token Swap Be Available?
people overlook that they are not using a web base checkout. RFID Reader should act like a barcode scanner, but its not native to the web page. The I/O needs to be fixed in the RFID business, not blockchain. So sad to see people don't understand what waltonchain is solving. If you cant fix RFID you cant fix adoption.
Couldn't you just cut the string attached to the shirts?
and what will range for those RFID reader?
price idea of device and software
WTC is in a league of its own among supply chain coins, the blockchain aspect is baked in from the ground up with their custom RFID chips, whereas other projects need another layer on top, adding latency and cost. Thanks for the tour of the office, Michael.
This garbage is worth 300 million?! What a joke.
I wonder how much they are paying him to promote this crypto.. Hmmmm
Rarely do I comment on videos but WOW! That was awesome! Thank you for uploading this video! Extremely compelling technology!
FREC Airdrop for Waltonchain happening on the 21th of March 2018
I love how you cover things like this. Gives us a bit of inside on different projects, thanks!
Always ask is blockchain needed for this. Remember adding .com on everything?
this is so cool!
This technology already exists.
They already have this tech at stores here in China, this isn’t blockchain tech. If you go to the sporting goods store Decathlon, they already are using part of this so it’s not revolutionary. Also Tencent and Amazon already have the customer/product tracking feature.
It is RFID tech and I understand how they are saying that it’s reporting to blockchain but there are better use examples than this.
its a good invention, but why do we need crypto for it?
amazing vid and technology
I'm an American with 50% of my portfolio in Neo and Walton. I believe in you China. 🇨🇳
but why? why use blockchain for random crap?
Watch out! This guy gets paid big to pump coins.. Just saying
It's not "QR 代码“， it's ”二维码“ xD
Great episode!
Very impressive work and thanks for the insight
Thx for sharing!!
keep up the videos
So I remove the tag and put it on another shirt. = Free shirt since it's such high tech security... no questions. lol
waltonchain scanning at retaail with AI and Vr would be Cool. - work with Cappacity
My library can already do this... cool enough, but why does this technology need blockchain? Where does the coin come in?
VeChain is more advanced, this is nothing revolutionary.
When the part 3 will come out ?
This doesn't solve the problem when people simply go to the fitting rooms and rip the tag off and put it in their purse or wear it under their clothes to steal the piece of clothing. Sensors already exist for this reason; to prevent theft. How does this prevent theft? There is no security with this. Security sensors would still have to be manually removed by cashiers to prevent theft unfortunately.
The RFID is revolutionary. But what's the achievement or advantage in using the blockchain as a database?
What are the differences between Walton and vechain, and do either of them have specific patents?
So can someone please why blockchain is needed for this? The RFID is great, but it can work exactly the same without a blockchain. Data can be stored on a cloud based storage database. Have i missed something?
So lucky of you ! Thanks a lot for the video !
this guy ive been following I thought he is from xingapo lol
There is WABI too.
just think, why you need blockchain for this. a centralized datacenter is good enough.
So, hate to be that guy,..but part 3? :p
not at all. being able to provide supply chain information in a trustless fashion is something that shouldn't be overlooked!
Regarding the use case or intrinsic value of the system, especially for those saying "why not just use a database", consider a publicly accessible (even if only partially publicly available through sidechains), cryptographically verified ledger of inventory transactions that manufacturers, wholesalers, retailers and government tax/licensing organizations can all share and trust in real time, with instant debit/credit of costs and fees between parties? I'm not sure there's a more compelling use of blockchain than that. I was about to say health care as a more compelling case, but immediately realized Waltonchain/RFID would be immensely useful to hospitals and doctor's offices for tracking highly sensitive and expensive RFID tagged medicines and drugs for both inventory management and anti-theft tracking purposes.
How far from Guangdong are they? "You forgot to turn it on." I'm dying here. :) Looks like they're running Ubuntu from the look of the other monitor. Great tech and video!
Exactly why do they need a blockchain for this? Anothe shitty appcoin.
All Samsung computers. ;) (wink)
Michael. Is there a wallet for wtc? ty
Wonderful information man! Thanks for this!
Thank you for your video. RFID is already in use in my life. Ski tickets are rfid at several large ski resorts now, and when you watch poker on tv, the cards are embedded with rfid so you can see the hole cards of the players (shown on delay). So awesome that you went to china for this!!!
If it's already being used without the need for the blockchain, what is the need for a Waltonchain? And by the way, Michael lives in Shanghai, China. So he didn't have to travel very far. It's very likely that Waltonchain paid for his travel expenses for the publicity.
revolutionary product your the first to show me this concept and you the person made me buy a full bag of WTC thank you!
Holy shit it works!
Where is part 2?
When part 2 ?
Better be worth it :p , but wait until thursday so I have my paycheck before your video launches haha :p (kidding ofcourse)
its almost done. aim to publish on monday. sorry for the wait!
this is amazing, now retailers like zara and co can see which products are popular but something was wrong with them so people put them back on the rack and act accordingly.
Hey Mike, did the second part come out yet? I couldn't find it.
Our library uses this for checking in and checking out books. Not really ground breaking in regards to RFID..
good bye retail jobs...
shoplifters could just remove the rfid tag from one shirt, put the tag in another shirt, so it seems it's never left. then leave the store with the rfidless shirt. hmmm.
hahahaha TURN IT ON
Why doesn`t she speak english?
wtf does this have to do with blockchain? you cant do this without a blockchain?
You kick ass, thanks for getting that demo for us!
Lots of people asking why this needs block chain.
The RFID writer includes the important nodes. Data that have been read will automatically upload to our walton blockchain. Blockchain are encrypted with their technology and are less prone to cyber attacks..
Where is part 2?
And thats everything? xD
And what do they use the coin for? And why should this list be put on a blockchain...
Part 2 Part 2 Part 2 ! :D
Hi,
Thank you for the video. I am still wondering: why is the use of blockchain needed here?
Embed the chip into the item. The tag can easily be removed and the item then stolen.
When moon lol?
But what is the advantage by building this upon blockchain? What can be done better this why compared to a "normal" database e.g. SQL? I do not see it. I only see one big con. What is put onto the blockchain stays on the blockchain and so just consuming data space and slowing down the system over time with bigger an bigger blocks or longer chains. Why does one need to track some goods went out of the storage 10 years ago? Using a SQL database data makes more sense in that case because data that is of no use can be removed and it can provide all the functionallity shown on this little demo. Nothing special so far....
Marcus Meyer you get it Marcus. This is so useless if you look at the bigger picture. Cant believe that people are so impressed bu this 50$ RFID setup I can make myself easily. Adding blockchain to it is just a joke to me, for them 100mil+ $
Immediately sold my WTC after viewing this, Blochain is just used in this project for the getting exposure, not an actual use case.
Oh man, would hate to be that guy
or today
Unknown Admirer bet you regretted that yesterday
It is cool, but i do not get why walton needs to have a coin or token? I mean they can just make use of blockchain technology to register the items and do trustless ownership exchange. What's the freaking use of the coin/token can someone explain?
Also is the benefit bigger than the cost for a business at this point. I see the potential, but i see many roadblocks.
Any child chain creation needs to expend Walton Coins (WTC). As
the Walton ecosystem continues to grow, an increasing number of
businesses will be joining the ecosystem, as a result of which they will
expend a growing amount of WTC to create all kinds of child chains.
Thus, the demands for WTC will rise correspondingly.
WTC is the only token of the parent chain in the entire business
ecosystem. Any cross-child-chain data transmission and asset exchange
will expend WTC. Once the ecosystem has been in place, the demands from
the businesses for WTC will keep expanding.
The allocation mechanism of the transaction fees (such as A coins
and B coins ) expended in the important officially-released child
chains will be adjusted in an innovative manner, such as those in the
transaction child chain or the sales child chain which will be used in
the high-frequency circulation.
Most of the transaction fees (say 90%)
will be allocated to the wallets of child chain book-keeping nodes,
while a small proportion (say 10%) will be exchanged to WTC and
allocated to the wallets of parent chain book-keeping nodes.
Excellent investigative work! great work you do in crypto man
I can't wait for part 2! The retail clothing industry is just one use case for this technology.
Excellent Video! Thanks for posting!
that's good innovation, just bought some WTC and hope it moon
This is great tech but it seems there blockchain is simply used to store and move data, whats the benefit of holding the token?
Any child chain creation needs to expend Walton Coins (WTC). As
the Walton ecosystem continues to grow, an increasing number of
businesses will be joining the ecosystem, as a result of which they will
expend a growing amount of WTC to create all kinds of child chains.
Thus, the demands for WTC will rise correspondingly.
WTC is the only token of the parent chain in the entire business
ecosystem. Any cross-child-chain data transmission and asset exchange
will expend WTC. Once the ecosystem has been in place, the demands from
the businesses for WTC will keep expanding.
The allocation mechanism of the transaction fees (such as A coins
and B coins ) expended in the important officially-released child
chains will be adjusted in an innovative manner, such as those in the
transaction child chain or the sales child chain which will be used in
the high-frequency circulation.
Most of the transaction fees (say 90%)
will be allocated to the wallets of child chain book-keeping nodes,
while a small proportion (say 10%) will be exchanged to WTC and
allocated to the wallets of parent chain book-keeping nodes.
Great vid, nice to have some insight on WTC! Thanks :)
lol....blockchain = hohumm, RFiD tech = awesome. Who would have thought?
So I get how like how it connects to block chain but like does it check out using Waltcoins? I don't understand why the rfid can't just be applied to our debit cards or smart pay phones? I'm just confused where the actual coin comes in, why and how will it increase in value if we don't use the coin
Love it that you went out there to see things in person. Next time you go "in the field", you should get a camera man (or crew) along with you. Awesome! Walton is something I've been looking at from the sidelines. Your video has increased my interest in it. Thanks.
Great video man. Your best
very cool! thank you! :D
The live translation is made useless by the subtitles, you could skip it. Very good job overall, I'm happy to see something entirely chinese :-)
Need to know the news to sell it. Cointradingnews.com
Ubuntu! \ O /
So cute to see you switch from Mandarin to English for your viewers. Thanks for the tour!
ok, then what is the walton coins for?
Hey, can you please let me know if this website is legit?
rmbtheory.com/china-allowing-icos-neo/
Because it would be very big news for me then
Part two please please please. This idea or company blows my mind of how it can be expanded. Just imagine a basket or trolly of food that all scans at once. Arghhhh awesome potential. Next video is eagerly awaited. More videos like this would be amazing. Seeing it for real makes so much more sense. Great work yet again. Awesome
HackersSecurity totally get that. However this is a similar system that is used for freight and cargo. The big companies went in for that, mainly for cost effectiveness and the data. Not only that but the data collected is priceless. Learning peoples habits and how to profit from them is a must for any company. The block chain will help with ordaining stock too and if there is a Blockchain for the cloth maker everything and be monitored much more closely. Hopefully this will all lead to less waste and a higher rates of stock analysis with saving on unneeded retail space. Having worked in the garment industry for over 20 years I can tell you the knowing when and where my orders are and where or when a delivery is happening is fab not only for us but our clients too, as we save money that we pass on to the customer. No more reels on unnecessary fabric. Since using Blockchain in my company we have seen a 25% saving on shipping costs. Data is king but only if it’s analysed.
ashleyldavid but why blockchain? The usecase you are saying already exists for many years. Its a 50$ setup I can make myself. The reason 7eleven etc dont use it is because you have to tag every product with a chips that costs a couple cents. Every cent counts in retail
BCC pumping againg attach your belts againg were going for another ride!
Very nice, i was aware of similar technology but like the system, time to buy some WTC, nice video.
Can someone please explain why this technology needed to be done on blockchain instead of a centralized server? (Besides security reasons)
One question what does blockchain give them that a database doesnt in this case ?
Just the fact its more secure and harder to manipulate ? Anything else
Whats the benefit?
But why blockchain? This can be done with a regular database.
Can you please visit VeChain? They'd deserve it as well just for their transparency! thanks
Nice insight to the company. Thanks a lot.
It is my first time to seeing " RFID with Blockchain technology ", and I am so impressed. Thank you so much for your show!!
你還在廈門嗎？如果還在我請你吃飯！.
CITILINK is the business name in video, not WALTON? The office is totally different than the office in WALTON youtube channel, which also did not say Walton anywhere. RFID is nothing new. I was in China for manufacturing and it was very common for people to tell you they "have a factory" and they take you to one and everyone pretends, goes along with the story. Walton team could have paid Citilink to go along with this. At least Citilink is professional in this video. The Walton video has a bunch of people seeming hesitant, unsure,.."we're going to try really hard". Let's see a demonstration of the block chain interaction. Thanks!
Hi man thanks for the great research! I just wanna know how costy the RFID equipment is comparing to QR code and would like to know the function of WTC token.
awesome
great show,I loved being into the language and the interpretation bridge so to speak that Michael provided to connect the viewer to the people on the project Very rich & original show!