The Waltonchain website is not the best website out there, but the information on it is useful. It’s fortunate to see a whitepaper now in English, as just a few months ago, they only offered a Chinese version. However, the whitepaper mainly focuses on RFID technology. I wish there were more in-depth details about the project. The site is regularly updated with current project news.
The roadmap is laid out on the home page, and I love the fact that it goes all the way out to 2020. They don’t explicitly list the quarters where task will be completed, but from the layout, a reasonably accurate estimate can be made. I would have also liked to see an updated roadmap, so once tasks are completed, they get marked with a “done.”
Here things get a little dicey. This project is over in China, and I simply don’t have the luxury of validating the team on Linkedin. I have been reading articles, watching interpreted videos, and doing my best to verify the team, but there’s only so much that can be done when everything is in Mandarin. If the team is who they say they are, it appears to be an excellent and capable team. Also, everything I’ve seen on Reddit seems to support the team. Another good thing about this project is that it’s been around for a couple of years, if the team were fake, it certainly would have been exposed by now.
Barriers to Success
There is no doubt that the blockchain and the RFID technology is a perfect fit for supply chain management. It’s not a matter of if, it’s a matter of who and when.
With that said other players also exist, VeChain is very similar, and even though it currently has a much higher market cap, it’s technology does not seem to stack up to Waltonchain.
However, what I am most concerned about, is another company attacking this space with their own private blockchain. It would not surprise me if Amazon, Microsoft or IBM were already working on a very similar solution to the supply chain management issues that would suddenly pop up one day. It does not mean there’s not room for multiple players, but having one of these other large companies in the space would not be a negative.
I like what Waltonchain is doing; they have a patented RFID chip and true decentralization on the blockchain. They have been working on this project since 2016 and have made real progress, thus far giving them a nice head start on the competition.
They also have the luxury of being named after Charlie Walton, who was the inventor of the RFID technology and the well-known pioneer in the space.
I think the value a project like this will add to business is substantial and easy to see. A list of benefits includes:
- Improved security through blockchain technology
- Accurate tracking of a product back to its origin
- Anti-counterfeiting through RFID identification
- Decentralization without the need for trust
- Reduced labor costs
RFID combined with the blockchain makes perfect sense, and Waltonchain is here to make it happen. This technology is moving forward one way or another, which is why Waltonchain is a safe investment, and with a market cap well under $500 million, this project has a lot of room to run. If Waltonchain does emerge as the leader, profits in this project will be substantial. If, however they come out as one of the minor players in the space, the project will still likely increase in value, just on a smaller scale. There are not that many scenarios where an investment will tank, making Waltonchain a desirable investment at this time.
For smaller accounts, we recommend an investment of $200 to $300 and for larger accounts $600 to $1000.
Because Waltonchain is an ERC20 token, it can be stored on the Ledger Nano S with MyEtherWallet. However, once you log onto MyEtherWallet, you will find the token is not listed. To add it follow the directions listed here:
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Address is: 0xb7cb1c96db6b22b0d3d9536e0108d062bd488f74