Intro: As I'm writing out the pro-arguments for the Monthly Skeptics thread on r/cc, I wanted to share the information i've summarized with our community here as well. Hopefully others can find it helpful (plus I can always have a post reference to it for the all-in-one). - If i've missed anything please feel free to comment below and i'll update this list.
Embedded hardware that writes directly to the blockchain without the vulnerability of an api., allowing true decentralization.
"I do realize that there are other companies focusing on blockchain and IoT, such as Iota and Vechain, which is a Chinese project as well. But their value propositions are still very different than ours. Vechain’s coordination is done through an API and they are not fully decentralized. Our project is coordinated by blockchain and RFID, so our chips correspond the private keys to the blockchain directly and is fully decentralized. Besides, currently there is no RFID chip firm that can develop, produce and sell such chips on its own. Mostly, clients procure from Japanese, Korean or American suppliers. In that way, setting up Silitec as our technical support company offers us a strong strategic advantage."- Waltonchain COO Monitor Chan.
Numerous patents protecting their intellectual property.
Government Cooperation in both China and Korea
Waltonchain invited to the Great Hall of the People
Parent/Childchain system, which allows the childchain to implement a different blockchain style (example fashionET childchain uses graphene to achieve higher TPS (100,000) while still being compatible with the parent chain).
Reducing clogging of the network, allowing for private or public chains, and flexibility in implementation of solutions, and high TPS and dynamic implementations without sacrificing decentralization.
Technology first approach (Waltonchain team prioritizes their security and tech over hype and marketing, some say this is a con argument).
Waltonchain COO Monitor Chan emphasized many times in his speeches as well as in the interview:“Waltonchain always adheres to technological innovation and independent research and development of chips and refuses all the malicious hype. Down-to-earth and practical work is the motto of our team, we believe that pure gold will always shine.”
A highly developed Eco-system that is coming to fruition with live use cases and real world implementation
Each physical store will be a node on the network, will have the ability to accept Waltoncoins for payment, , and further decentralizes the network at a commercial retail level.
Opening a blockchain educational institutions with Korean Government support (allows them to source top talent, and provide a benefit to the community)
Insanely high number of awards won for their technology.
Multiple uses for the value of the coin (starts on page 27 of the white-paper):
Issuing sub chains
"Any Waltonchain ecosystem user can consume WTCs to issue its own subchains in the Waltonchain ecosystem."
Reward Interest Distribution
10% of all transaction fees on child-chains will go to the parent chain (WTC).
Credit and mortgage system
Credit system based on circulation & consumption of subchain tokens, and credit amount mortaged from parent-chain (WTC).
Parent-chain (WTC) related coins are frozen until coins are paid back.
Distributed asset exchange
Allows for cross chain (parent/child, child/child) asset transactions on the blockchain.
Distributed voting and governance system.
"This system will be the core of decentralization in the future. Safe and anonymous voting will be available for all subchains on the parent chain
All the coins on the subchains can be traded in the decentralized exchange with WTC being the intermediary. (Think WTC/FREC pairings).
Waltonchain is a platform for dapps and icos, childchains, with 4 layers.
Waltonchain Application Layer
Apply to smart clothing store, smart logistics etc.
Waltonchain Middle Layer
Encapsulates the modules at core layer into application interfaces.
Waltonchain Core Layer
Based on Waltonchain core business application logic.
Waltonchain Bottom Layer
Based on smart contracts of the blockchain.
Waltonchain hasn’t started truly marketing (2020 is their marketing roadmap) So the coin is fairly undiscovered (benefit investment wise).
Citylink, Waltonchains subsidiary, is on the top 100 IoT enterprises in China.