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WaltonChain (WTC) Winning Awards and Partnerships

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WaltonChain
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Possibly the most important aspect of blockchain technology is the ability to verify transactions at each step of the chain. The integrated distributed ledger platform allows for users to know where their currency is going, and where it came from. More importantly, it allows others to verify that the ledger is balanced and fair. As such, there’s a push to integrate blockchain technology with both real-world objects and the Internet of Things. Where some cryptocurrencies are aiming to provide the internal framework for the IoT, WaltonChain is one of several hoping to bring real-world objects into the distributed ledger.

Their system works by combining blockchain tech with RFID technology. Through this, they attach a one-time-use identification tag to an item. That tag then allows customers and producers to track the item through every step of the global supply chain – and validate it upon purchase. WaltonChain’s technology would help to make counterfeiting a thing of the past. The system makes it impossible for malicious third parties to create an item with a valid tag.

Global Blockchain Technology Expo 2018

The Global Blockchain Technology Expo is a major event held by the BlockTrain group in Silicon Valley. Bringing together blockchain experts and company heads from around the globe, they discuss the various developments that have occurred in the blockchain space. Alongside the expected networking potential, the expo also awards projects that they believe are the most promising in the upcoming year. WaltonChain earned the award for Most Promising IoT Solution of the Year – despite some stiff competition.

The integration of RFID technology is a game changer in the world of IoT assignment of blockchain IDs. It permanently affixes the ID to the item, rather than simply listing it in a digital ledger. While both help to combat counterfeiting and fraud, only WaltonChain’s solution does so through direct manufacturing process in the real world. Unsurprisingly, this combination of emerging technologies won WTC the award – and shows the confidence everyone has in the project.

Alibaba Group Partnership

Of course, WaltonChain isn’t going it alone. Like any proper blockchain project, they’re hard at work building strategic partnerships that will help them bring their product to market. WaltonChain recently partnered with the Alibaba group as a member of their IoT Connectivity Alliance. Alibaba is one of the largest eCommerce sites in the world, and one of the most globally well-known companies based in China. They created the alliance specifically to create standard operating procedures for IoT devices. Rather than waiting for a disparate number of differing IoT protocols, the alliance will help form easy, efficient systems that will encourage the growth of the industry.

For their part, WaltonChain provides experience in integrating digital services with physical goods. Alibaba provides tremendous capital and a far-reaching customer base. Together with the other members of the alliance, their stated goal of a standardized IoT protocol could well become a reality. However, they are aware that this is only the beginning of the industry. Standardization is only one component, with development and adoption operating alongside it.

Competition and Market Volatility

The constant flux of the cryptocurrency market took a toll on WaltonChain in the early part of this year. Their first big break out occurred just before the market correction in January. Luckily, they’ve recovered since then and now show great growth potential. While VeChain also offers digital verification of real-world goods, there are two factors to consider. VeChain uses a chipset-based validation system, and the market is easily large enough for both projects to flourish.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Rachel Clarke via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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