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 & TechnologyScience & Technology

Comments • 360

  • PersikkaYrjo
    PersikkaYrjo 8 months ago

    Yo Mr.Boxmining! This is your best video ever!

  • Jay Sha
    Jay Sha 9 months ago +1

    When will Walton Chain Token Swap Be Available?

  • dota leavers
    dota leavers 9 months ago +1

    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.

  • Nerdy Ninja
    Nerdy Ninja 10 months ago +2

    Couldn't you just cut the string attached to the shirts?

  • suvashish das
    suvashish das 11 months ago +1

    and what will range for those RFID reader?

  • suvashish das
    suvashish das 11 months ago +1

    price idea of device and software

  • Real Name
    Real Name 11 months ago +1

    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.

  • Johann Bach
    Johann Bach 11 months ago

    This garbage is worth 300 million?! What a joke.

  • Reyman786
    Reyman786 Year ago

    I wonder how much they are paying him to promote this crypto.. Hmmmm

  • KiiroiSenko1
    KiiroiSenko1 Year ago +1

    Rarely do I comment on videos but WOW! That was awesome! Thank you for uploading this video! Extremely compelling technology!

  • darthmaulx
    darthmaulx Year ago

    FREC Airdrop for Waltonchain happening on the 21th of March 2018

  • Squeppi01
    Squeppi01 Year ago +1

    I love how you cover things like this. Gives us a bit of inside on different projects, thanks!

  • Milo
    Milo Year ago

    Always ask is blockchain needed for this. Remember adding .com on everything?

  • Peter Loving
    Peter Loving Year ago

    this is so cool!

  • AnEclecticSoul
    AnEclecticSoul Year ago

    This technology already exists.

  • Market 2.0
    Market 2.0 Year ago

    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.

    • Market 2.0
      Market 2.0 Year ago

      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.

  • Hana Tek
    Hana Tek Year ago +1

    its a good invention, but why do we need crypto for it?

  • JohnSilver20101
    JohnSilver20101 Year ago +1

    amazing vid and technology

  • Wilhelm Otto Dusseldorf

    I'm an American with 50% of my portfolio in Neo and Walton. I believe in you China. 🇨🇳

  • AllYourBase
    AllYourBase Year ago

    but why? why use blockchain for random crap?

  • Mitch Waller
    Mitch Waller Year ago

    Watch out! This guy gets paid big to pump coins.. Just saying

  • ching wik Huang
    ching wik Huang Year ago

    It's not "QR 代码“, it's ”二维码“ xD

  • John Elder
    John Elder Year ago

    Great episode!

  • Average Dad
    Average Dad Year ago

    Very impressive work and thanks for the insight

  • WiLLEt
    WiLLEt Year ago

    Thx for sharing!!

  • daniel tan
    daniel tan Year ago

    keep up the videos

  • burnquist1
    burnquist1 Year ago

    So I remove the tag and put it on another shirt. = Free shirt since it's such high tech security... no questions. lol

  • Curtis
    Curtis Year ago

    waltonchain scanning at retaail with AI and Vr would be Cool. - work with Cappacity

  • Alex McCullough
    Alex McCullough Year ago

    My library can already do this... cool enough, but why does this technology need blockchain? Where does the coin come in?

  • My Youtube Channel

    VeChain is more advanced, this is nothing revolutionary.

  • G Simon
    G Simon Year ago

    When the part 3 will come out ?

  • rmg
    rmg Year ago +1

    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.

  • VALUABLE KNOWLEDGE GROUP

    The RFID is revolutionary. But what's the achievement or advantage in using the blockchain as a database?

  • SuperKipstar
    SuperKipstar Year ago

    What are the differences between Walton and vechain, and do either of them have specific patents?

  • Optimus Prime
    Optimus Prime Year ago

    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?

  • Amaury BOULOM
    Amaury BOULOM Year ago

    So lucky of you ! Thanks a lot for the video !

  • Dongwen Tan
    Dongwen Tan Year ago

    this guy ive been following I thought he is from xingapo lol

  • Leo E. R.
    Leo E. R. Year ago

    There is WABI too.

  • MASS HIGGS
    MASS HIGGS Year ago

    just think, why you need blockchain for this. a centralized datacenter is good enough.

    • Domitjen1234
      Domitjen1234 Year ago

      So, hate to be that guy,..but part 3? :p

    • Boxmining
      Boxmining  Year ago

      not at all. being able to provide supply chain information in a trustless fashion is something that shouldn't be overlooked!

  • Robert Oschler
    Robert Oschler Year ago

    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.

  • Robert Oschler
    Robert Oschler Year ago

    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!

  • GoldsteinShekels™

    Exactly why do they need a blockchain for this? Anothe shitty appcoin.

  • Andrew L
    Andrew L Year ago

    All Samsung computers. ;) (wink)

  • Computer Guru
    Computer Guru Year ago

    Michael. Is there a wallet for wtc? ty

  • Captain Mammoth Druid

    Wonderful information man! Thanks for this!

  • Brett McNary
    Brett McNary Year ago

    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!!!

    • Jon420WRX
      Jon420WRX Year ago

      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.

  • sammy bartels
    sammy bartels Year ago

    revolutionary product your the first to show me this concept and you the person made me buy a full bag of WTC thank you!

  • Brandoregularo
    Brandoregularo Year ago

    Holy shit it works!

  • Frank Sparks
    Frank Sparks Year ago

    Where is part 2?

  • Lemuel
    Lemuel Year ago

    When part 2 ?

    • Domitjen1234
      Domitjen1234 Year ago

      Better be worth it :p , but wait until thursday so I have my paycheck before your video launches haha :p (kidding ofcourse)

    • Boxmining
      Boxmining  Year ago

      its almost done. aim to publish on monday. sorry for the wait!

  • SP500
    SP500 Year ago +1

    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.

  • H K
    H K Year ago

    Hey Mike, did the second part come out yet? I couldn't find it.

  • danddbandb
    danddbandb Year ago

    Our library uses this for checking in and checking out books. Not really ground breaking in regards to RFID..

  • Mario Salmer
    Mario Salmer Year ago

    good bye retail jobs...

  • ItsOttis
    ItsOttis Year ago +1

    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.

  • jwm0z
    jwm0z Year ago +2

    hahahaha TURN IT ON

  • Heino Der Sänger

    Why doesn`t she speak english?

  • David Gomez
    David Gomez Year ago +3

    wtf does this have to do with blockchain? you cant do this without a blockchain?

  • William Sandberg
    William Sandberg Year ago

    You kick ass, thanks for getting that demo for us!

  • The Review King
    The Review King Year ago +2

    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..

  • Syntha 84
    Syntha 84 Year ago +2

    Where is part 2?

  • Joe Nez
    Joe Nez Year ago

    And thats everything? xD
    And what do they use the coin for? And why should this list be put on a blockchain...

  • Lemuel
    Lemuel Year ago

    Part 2 Part 2 Part 2 ! :D

  • Alex Fleseriu
    Alex Fleseriu Year ago

    Hi,
    Thank you for the video. I am still wondering: why is the use of blockchain needed here?

  • Offshore Drifter
    Offshore Drifter Year ago

    Embed the chip into the item. The tag can easily be removed and the item then stolen.

  • PlatinumState
    PlatinumState Year ago

    When moon lol?

  • Marcus Meyer
    Marcus Meyer Year ago +2

    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....

    • HackersSecurity
      HackersSecurity Year ago

      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+ $

  • Unknown Admirer
    Unknown Admirer Year ago +2

    Immediately sold my WTC after viewing this, Blochain is just used in this project for the getting exposure, not an actual use case.

  • Justin ben Hooggeleid

    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.

    • Domitjen1234
      Domitjen1234 Year ago +2

      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.

  • Richard Johansson

    Excellent investigative work! great work you do in crypto man

  • Gordias Gordian
    Gordias Gordian Year ago +5

    I can't wait for part 2! The retail clothing industry is just one use case for this technology.

  • B3D Multitech
    B3D Multitech Year ago

    Excellent Video! Thanks for posting!

  • M4RV4X
    M4RV4X Year ago

    that's good innovation, just bought some WTC and hope it moon

  • Tommy Z
    Tommy Z Year ago

    This is great tech but it seems there blockchain is simply used to store and move data, whats the benefit of holding the token?

    • Domitjen1234
      Domitjen1234 Year ago

      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.

  • Didi
    Didi Year ago

    Great vid, nice to have some insight on WTC! Thanks :)

  • J W
    J W Year ago

    lol....blockchain = hohumm, RFiD tech = awesome. Who would have thought?

  • Fortnite EFF
    Fortnite EFF Year ago

    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

  • Dave S
    Dave S Year ago

    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.

  • Jay Khan
    Jay Khan Year ago

    Great video man. Your best

  • theAbeElement
    theAbeElement Year ago

    very cool! thank you! :D

  • Emmanuel explique Bitcoin

    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 :-)

  • Robert Belcher
    Robert Belcher Year ago +1

    Need to know the news to sell it. Cointradingnews.com

  • tangent
    tangent Year ago

    Ubuntu! \ O /

  • My Happy Sushi
    My Happy Sushi Year ago

    So cute to see you switch from Mandarin to English for your viewers. Thanks for the tour!

  • Rimantas V
    Rimantas V Year ago

    ok, then what is the walton coins for?

  • Shrenik Shah
    Shrenik Shah Year ago

    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

  • ashleyldavid
    ashleyldavid Year ago +2

    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

    • ashleyldavid
      ashleyldavid Year ago

      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.

    • HackersSecurity
      HackersSecurity Year ago

      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

  • A Random Dude
    A Random Dude Year ago

    BCC pumping againg attach your belts againg were going for another ride!

  • Lunatek Consultancy ltd

    Very nice, i was aware of similar technology but like the system, time to buy some WTC, nice video.

  • mctoom
    mctoom Year ago

    Can someone please explain why this technology needed to be done on blockchain instead of a centralized server? (Besides security reasons)

  • NZBitcoin
    NZBitcoin Year ago

    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?

  • Piotr S
    Piotr S Year ago

    But why blockchain? This can be done with a regular database.

  • Milan Dugovič
    Milan Dugovič Year ago

    Can you please visit VeChain? They'd deserve it as well just for their transparency! thanks

  • jokespot
    jokespot Year ago

    Nice insight to the company. Thanks a lot.

  • Naoto Nakajima
    Naoto Nakajima Year ago

    It is my first time to seeing " RFID with Blockchain technology ", and I am so impressed. Thank you so much for your show!!

  • biglance
    biglance Year ago

    你還在廈門嗎?如果還在我請你吃飯!.

  • David Landin
    David Landin Year ago

    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!

  • Vahid Ara
    Vahid Ara Year ago

    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.

  • Kellen Quinn
    Kellen Quinn Year ago

    awesome

  • Octavia Swift
    Octavia Swift Year ago

    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!