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Waltonchain affiliate signs partnership with China Telecom (State-owned and largest telecom in China)

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level 1

If like me, you're confused about who Citylink is, read this:

https://medium.com/@Waltonchain_EN/citylink-wins-the-outstanding-product-award-at-the-global-iot-summit-2017-b4b5f1aaed12

'Citylink Technology is a subsidiary of Silicon tasked with the Smart City implementation for Waltonchain. Xiamen Citylink Technology Co., Ltd. won the Outstanding Product Award for their Smart Waste Management System.'

level 2
level 1

Wtf, I can’t keep up...

level 1

yay. Just a small 652BN assets for these guys...

level 2

But where are the real partnerships? I won't be satisfied until they're partnered with Jesus.

;)

level 3
10 points · 7 months ago · edited 7 months ago

They’re only negotiating with a provincial Jesus, there is no real partnership with Jesus, fake news! /s

level 4

It's just an affiliate Jesus. I want the REAL Jesus. Chinese scam!

level 4

but, but, but they are negotiating... a contract... :D

level 2

It's the Zhangzhou Branch of China Telecom, so not the entire company. I'm just as hyped as everyone else is, but let's not spread any false information. China Telecom's assets are 652B. This branch is not worth 652B.

The goal here is to make ZhangZhou a smart city. If we're successful here, WTC could turn dozens of other cities around China into smart cities. And then potentially hundreds of other cities around the world.

The implications are astounding, but let's go one step at a time. :)

level 3

It’s another field trial. Proof of concepts even the size of an entire city must be done before larger rollouts. Now we have the opportunity for our superior tech to shine.

level 3

still massive...

level 4

Agreed. Just don't want false or misleading information flying around. :)

level 5

:)

level 3

I agree, I just clicked on the Wikipedia linked and saw the assets, did not read the article, thanks for the good info.

level 2

3 million RMB actually...

level 1

Nice Job !

level 1
14 points · 7 months ago

I'd be shocked if Walton doesn't perform in 2018 like Ethereum did in 2017. So big.

level 2

Eth went from ~$10 to ~$1000. So could Walton? 25B company? Dang let's hope!

level 3
1 point · 7 months ago · edited 7 months ago

I think so, if they can produce these rfid chips for as low as they say and they have the technology patented then I think its easily achievable if the technology is adopted in industry. The logistics industry is huge, retail is huge, cant really say I know much about smart cities but i would suspect it will be big in the future. I think 25 billion is a realistic prediction but if it achieves 25 billion it would have made it in industry therefore I believe it will grow into a 100 billion market. Long way to go to achive mass adoption though I would expect. 10 years?

level 1

but guys...marketing...what we really need is more shiny on the things

level 2

And twitter posts by the CEO every few hours!

level 1
Comment deleted7 months ago(3 children)
level 2

That sounds pretty low, honestly.

level 3

Not that WTC is limited to RFID, but sometimes it helps to ground business oriented blockchain project expectations somewhat closer to associated benchmarks if you don't want to get burned: https://www.statista.com/statistics/299966/size-of-the-global-rfid-market/ -- in any case WTC is a high quality project and still appears under valued relative to 15-20 blockchain-based projects above it in market cap.

level 4

I think the blockchain component of Walton puts it in a completely different evaluative category, but that is very helpful info! Thank you.

level 1

Huge !

level 1
Original Poster10 points · 7 months ago

Please see China Telecom here:

https://en.wikipedia.org/wiki/China_Telecom

level 2

China Telecom

China Telecom Corp., Ltd. is a Chinese Telecommunications company. It is one of the listed companies of state-owned China Telecommunications Corporation. It's H share traded in the Hong Kong Stock Exchange since 15 November 2002.


[ ^PM | Exclude ^me | Exclude from ^subreddit | FAQ / ^Information | ^Source | ^Donate ] Downvote to remove | v0.28

level 1
#wtchodl
16 points · 7 months ago

This is separate from China Mobile talks right? This is another partnership??

level 2

Yes. China Mobile and China Telecom are separate entities, though both are owned by the Chinese government. The only thing I can say is that for this particular partnership, it is with a subsidiary of China Telecom, China Telecom Zhangzhou. This is still big news as any other part of China Telecom is much more likely to use Walton now, rather than another solution. I just wish the posts mentioning this news specified that rather than simply saying "China Telecom", since it will come across as misleading.

level 2
Original Poster5 points · 7 months ago

Yes!

level 1

awesome team!!!!!

level 1

These great partnerships everyday, I'm so hyped for Walton!!

level 1
7 points · 7 months ago · edited 7 months ago

It's a subsidiary of China Telecom, it's not the largest china, but the WORLD (Parent company)

We also have China Mobile the largest mobile operator in the world. The world's largest mobile phone operator by total number of subscribers, with over 873 million subscribers as of August 2017.

level 1

Unbelievable. They present this news after the amazing event last night. Where will this end?

level 1

Gotta go fast

level 1

I'm so proud of the Walton team.

level 1

Amazing news! :)

level 1

Woot!

level 1
[deleted]
2 points · 7 months ago

This partnership between Citylink and China Telecom Zhangzhou is the first step for domestic cooperation between Waltonchain and China Telecom.

level 1

Walton with there fingers in many pies.

level 1

Insane. World changing tech.

Bye V, bye I....

level 1

someone post this on /r/cryptocurrency?

level 1

Just curious, signing was on the 23rd, do we not already think this was priced in?

level 2

I think this is the first it was publicly announced, so I don't think so.

level 2

No, coz many claimed it was a hype not real news thats why the drop was from 31 sats to 20s including sell the news.You ll see now when Korea and China wakes up to the news and tomorrow dont forget Korea is opening up the deposits to exchanges.There will be a huge spike for WaltonWrite it down :) we will break 40s for sure easily

level 1
-3 points · 7 months ago
  1. China Telecom is not China Mobile ; it is the old Telco of China and not the largest Telecom in China

  2. It has signed with the Zhangzhou Branch of China Telecom

If you know that China Telecom has only a 25% market share; mainly operating in fixed line, which we don't give much about in IoT world, and in addition it is with a local branch, this partnership means as much as that they sign with your local city cable firm.. huge? really? potential euhmm?

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