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WaltonChain (WTC) Winning Awards and Partnerships

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WaltonChain

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

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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