In response to the community’s feedback, Waltonchain has created two new official channels for communicating with English speaking markets. Waltonchain appreciates the continued support and hopes these new channels will help improve communication with the community.
The Global IoT Summit 2017 is the first global Internet of Things showcase event to be held in Shanghai. It involved a large number of domestic and foreign businesses including big industry enterprise consortiums and industry leaders. Citylink Technology, which is a subsidiary of Silicon tasked with the Smart City implementation for Waltonchain, attended the summit.
Xiamen Citylink Technology Co., Ltd. won the Outstanding Product Award for their Smart Waste Management System. Amongst the award winners were international giants such as Huawei, Ericsson (of Sony Ericsson), China Telecom, Ofo, IFLYTEK, Fudan Microelectronics and more. It is no small feat to be recognised alongside names like these.
"2017 Global IoT Summit Series Awards" were issued by more than 20 multinational Internet of Things industry organizations, and identified products that were considered to be of high commercial value. Through the integration of the Internet, Internet of Things, BeiDou location tracking technology (BDS), GIS, mobile communication networks and other information technologies, the traditional waste management system was upgraded to be increasingly automated and efficient.
The system proposed fully realizes the "four modernizations" of waste management: precise waste level supervision, real-time disposal, full management mapping and system integration. It includes independent patented technology such as sanitation smart watches for staff, smart trash cans, ultra-low power multi-channel detection devices, and other advanced technology and equipment for all levels of environmental waste management. Equipped with corresponding sensing equipment, intelligent terminals and systems, we are able to connect people, things, and most importantly data, to greatly enhance the management and operational efficiency of the waste industry.
The solution is able to effectively assist government departments to smoothly promote the commercialization and monetization of sanitation with the formation of big data and the elimination of information silos. It allows energy and fuel savings, smart route optimization, sustainability compliance, less waste buildup, and happy citizens! Using such a solution in conjunction with the Waltonchain means that all data stored is immutable, trustworthy, and easily accessed by all parties which are deemed suitable such as neighbouring municipalities or regulatory bodies. All equipment and items will be able to be tracked by our RFIDs and their statuses automatically recorded and updated on a running basis to eliminate human error.
This solution should serve as a reminder that the smart retail solution we are developing in Phase 1.0 is only one aspect of Waltonchain. Smart sanitation and waste management is one application area that may not be immediately thought of when considering the impact of the internet of things, but it is one that is extremely important to all environmentally conscious governments responsible for urban areas, particularly in rapidly developing countries. We’re delighted to be honoured with such a prestigious award and we will continue to innovate and ensure that our work remains world leading.
We are thrilled to introduce Rally as the newest member of the Knights of Walton. Beginning with Alpha testing and continuing through today, Rally has proven himself to be an essential member of our community. He has exhibited broad technical skills and a strong desire to help others. His generosity and positive presence have always been appreciated. We are honored to work beside him. Welcome Rally, and thank you.
How will the transition be performed and how will GMN status be tracked as we migrate to the new chain?
Will the address/key used on Dec 10 be the address/key that will be used forever?
Are hardware wallets like Ledger with MEW an acceptable way to store tokens for the snapshot?
Will it be possible to move a GMN to a new address in the future?
How will GMN rewards compared to MN rewards?
A mining GMN will always have a higher reward than a mining MN. We will be allocating a portion of all mining pool rewards, and a portion of our foundation development capital to GMNs separately. So GMN holders will share a separate pool of tokens from normal Masternodes which is also separate from the PoW reward pool. The formula used to calculate rewards will be similar to the following formula:
A = GMN Pool
B = MN Pool
C = POS Pool
D = PoW + PoST (Coins in your wallet and time) rewards
GMN = A + B + C + D
MN = B + C + D
Normal miner = C + D
WTC holders (Not mining)= C
Disclaimer: D is subject to change as well as time goes. Depending on the state of the network, it is Waltonchain team's discretion to adjust the difficulty of D at future dates.
How many GMNs will the team be running?
How many of your current partners plan to be running their own GMNs?
How are GMN levels calculated?
What are the % returns for a GMN?
We can not give you a precise % of returns at this moment, but we will be able to tell you that it will return higher than a normal Masternode acquired after Dec. 10th cut off time.
In addition, our legal advisor suggested that Waltonchain cannot speak of future reward % on any of our tokens or our Masternodes due to legal restrictions, publicly or privately.
How will the rewards compare to other known systems like Dash for example?
How is Seniority calculated? Will it be based on the address age only, or will the token age also be taken into account.
What are the % returns on PoS? Are they fixed or variable?
It will be a variable rate, and due to the fact that PoS does very little to secure our network, we would be allocating much larger reward pool for those who participate in Masternodes program and utilizes PoW + PoST to help us secure and stabilize our network.
In addition, our legal advisor suggested that Waltonchain can not speak of future reward % on any of our tokens or our Masternodes due to legal restrictions, publicly or privately
How are PoW and PoST consensus elements related to each other?
Is there a benefit to having 6000 WTC vs 5000 WTC at the time of the snapshot?
It there a penalty if your node has some downtime?
Will geolocation of mining equipment play a role in rewards?
What type of mining equipment will be necessary CPU, GPU, ASIC?
What’s the mining algorithm?
The X11 algorithm was mentioned in the video. Will it be possible to mine Walton with existing ASIC miners, such as the Bitmain D3?
Is it possible/worthwhile to set up the environment on a Google Cloud/AWS server for maximum uptime?
What are the minimum requirements for running a masternode?
About how much bandwidth will be required to run a masternode?
Is a static IP required for each GMN?
How will equipment effect GMN level?
Is it feasible to run multiple GMNs on one home PC?
Can multiple nodes be run from the same operating system?
Slack name: bamber
Q1.1: In a retail clothing shop customers often pick up items and return them to the wrong rails. When a member of staff then resets these items the system would log them, skewing the grab rate data. What have WaltonChain done to solve this issue?
Answer: Waltonchain’s solution with its unique RFID-based hardware tracks not only clothes but customer picks. Data from different readers (shelves, fitting rooms, price scanners, checkout counters, etc) is aligned and verifies each other. The sequence of RFID reads are time-aligned for interpretation of user behaviors and interests.
Q1.2: Do the RFID clothes rail scanners work on circular rails which are popular in clothing shops?
Answer: Technically, yes. Practically, we are further testing and improving performance for the most popular environments and scenarios in the clothing industry.
Q1.3: Items of clothing which are neatly folded and displayed in piles (e.g. jeans) present challenges in terms of placement of RFID scanners. How does the Waltonchain system overcome this?
Answer: Okay, we see where this question is coming from: You are asking this because you have not realized the fundamental difference of the RFID tags we use vs. some of the NFC tags you’ve seen out there. This is a good question. Let me elaborate a little, and take this opportunity to give a basic RFID 101.
For basics, you should just remember that RFID is the process by which items are uniquely identified using radio waves. RFID tags/chips are the hardware chips that in everyday use people usually refer to as “RFID.” This is fine in daily speech.
On a very high level, to make it simple, there are two types of RFID chips we see in the Blockchain world:
Ultra High Frequency (UHF) RFID tags, which operate in 856 MHz to 960 MHz frequency ranges; and
High Frequency (HF) Near-Field Communication or NFC tags, which operate in 13.56 MHz frequency ranges (these tags can be read by your phone. Recently iPhones have implemented this capability.)
Both of these chips are categorized as RFID tags, under the RFID family. The difference in these tags are tldr, but the takeaway for our case is this:
Our Waltonchain-compatible UHF RFID chips are readable 9 feet away, in a batch, all at once. NFC chips are usually used in peer-to-peer, i.e., using your phone to scan an NFC chip in very close proximity (a couple of inches or closer).
If you watched our demo video made by Boxmining on Youtube, you will notice that we use UHF RFID (Ultra High Frequency) technology.
Finally, to answer your question, with UHF RFID system and the Walton RFID reader, we will be able to read with 100% accuracy the tags within a pile of clothes, neatly folded or not.
Q1.4: In a clothing shop can staff manually amend the blockchain data? (if activities in the store results in skewed data - e.g., a large number of items being mistakenly moved resulting in artificial grab rate data etc. can anything be done by the staff to correct this?
Answer: Nobody can tamper with data on blockchain. Our specially designed RFID end devices collect data and record on the chain automatically and reliably. At the same time, data analytics can be used to interpret employee behavior as well.
Dominique @DomFromParis Nov 18
Q2: Can you confirm it will be 5000 Walton for a masternode and what % will be paid to the holders?
Answer: Yes, holding 5000 WTC qualifies a node to be a Masternode, which will earn extra rewards for every mined block. The percentage and/or reward system will be announced with other details. Please follow our official announcements.
Sam Lyons @SamTaweets Nov 18
Q3: AskWTC If possible can you please tell us if you have any partners already secured for the RFID when you go live on-chain?
Answer: As you will have seen from our blog posts and various news articles we have several close partners and have signed strategic cooperation agreements with a number of organisations. We released news of one just last week. Many of these companies have already been using our RFID technology and all have projects planned for RFID + Waltonchain integration. In terms of ongoing discussions, we will not release specific information about them until they are 100% confirmed.
Dominique @DomFromParis Nov 18
Q4: Why Walton does not have a GitHub?
Answer: We will have a GitHub. We will provide the GitHub for our full node, light node, wallet, etc. We want everything to be thoroughly tested before public access. Also, our software rollout has to be aligned with hardware R&D.
Peter Peterson @Hamster10Peter Nov 18
Q5: Binance is a good exchange but is it manipulated by trading bots to keep the price unnaturally low. When will WTC be listed on Bittrex or Bithumb? We really need one of the biggest exchanges so our beloved coin can grow naturally.
Answer: We have been discussing cooperation with many well-known trading platforms. Please pay attention to our official announcements.
Sam Taylor @chunkylover199
Q6:What is to stop someone simply removing a tag and leaving the tag on an adjacent item of clothing on the rack in order to steal a piece of clothing?
Answer: We are developing many different ways to integrate the RFID tags into products. We will make it difficult to remove a tag without damaging it, or the host. In the case of clothing, tags do not have to be attached. They can be printed, woven or sewn into the article itself.
Derek Chow @maseradee Nov 18
Q7: Are there any mechanisms in place to stop someone cutting off the RFID tag from a clothing article and walking out?
Answer: It is difficult to develop a perfect theft deterrent system. The methods currently used by shops can deter a portion of the thefts. Additional developments like sewn-in tags will increase deterrence. Also, our RFID tags are not always able to be cut. Wait and see.
Q8: Will businesses using Waltonchain need to run masternodes or will the unique Waltonchain hardware provide all the mining a business needs? How many readers/scanners will your clients need per store to properly implement the system? #askWTC $WTC
Answer: We aim to provide a fully automated solution with complete software and fully-capable hardware. In doing so, businesses that adopt the Waltonchain system can focus solely on their day-to-day requirements without concerning themselves with those aspects covered by the Waltonchain system. Our entire ecosystem scales up with businesses as child chains are created. We want to make it as easy as possible for our partners’ businesses to fulfill their growth potential.
wtcrfid @wtcrfid Nov 18
Q9: AskWTC What hardware will I need to run my 5,000 WTC masternode? Will a RasberryPi type system suffice?
Answer: While a RasberryPi could be capable of running a node, It would not be ideal. Please wait for our news on the mining hardware needs.
Sergey @CryptovalleyOF 20 hours ago
Q10: Most of the community is concerned about the relation between the price of a token and the blockchain system, what will a WTC token will be equal to? 1WTC= 1000 Transactions? 1WTC=18,000,000,000,000,000 transactions? I would love to hear your response.
Answer: The transaction exchange rate is established by the marketplace, not by Walton.
Syed M Mujahid @smmujahid
Q11: Walton Chain system essentially include RFID tags, Scanners and blockchain application that will be customizable according to business needs. According to you, tag might cost around 5 cents, what about each scanner and the application. Will it be viable for small businesses
Answer: Our definition of an affordable system is twofold: 1) something that provides long-term additional benefits and 2) something that is worth its cost. The Waltonchain system has been tested in industry and has yielded positive results that our clients did not expect. One example is an increase in distribution efficiency of nearly 100%.
Lemuel Wong @2BitsCrypto
Q12: Will it be possible to use Walton Chain RFID technology in Luxury handbags, such as Hermes for example, to verify it as an authentic item that is recorded in the blockchain? Or can RFID chips be copied/replicated? Last thing are your RFID chips EMP proof? Thank you Walton team!
Answers: Yes, verification of authenticity is a very basic use case. Our RFID chips can not be copied or duplicated. EMP proof RFID chips are not an immediate concern, but are absolutely within the scope of our research and development.
Q13: One of the main concerns I have about the Waltonchain project is what will happen when the new wallet and blockchain becomes publicly available. I'm sure there will be lots of scams and fake websites claiming to be Waltonchain - what will you do to ensure that the changeover is as safe as possible?
Answer: Security has and always will be among our highest of priorities. This is primary in our system design and deployment but also in ensuring the trust of our community. Official announcements will be made to assist in the transition from ERC20 tokens to official WTC coins.
Errrrr_pesillo @pablo_melo7 Nov 18
Q14: How do you plan to compete with an RFID solution on the IOTA network in future with no mining fees? (Assuming IOTA delivers on their promise) #askWTC #AskWTC
Answer: Our RFID system includes a revolutionary RFID reader/writer that not only communicates with tags but also performs the task of mining.
Rami Yousif @ramiyousif91 Nov 18
Q15: Is there any upgrade for your website? #AskWTC
Answer: Yes, there will be an upgrade to our website moving forward. Please watch for our official news release.
matthew collins @mineu999 Nov 18
Q16: Why was there a QR code on the blockchain demo product and will it be there for the final production model? #AskWTC
Answer: Through our network of pioneer users, we are constantly evaluating and refining the production model design. Many aspects may change and many may remain the same. This all depends on feedback from our case-study clients.
Collin @CollinsCustomIP Nov 18 Q17: Please address the wabiico competition & specifically describe how your patents protect your specific (hopefully novel) RFID technology. #askWTC #bitcoin #btc #usecase #blockchain #rfid
Answer: The Waltonchain system starts at an integrated circuit level and will be incorporated directly in the manufacturing of electronic devices and products. At this stage, no human interaction occurs—thus the chain of authenticity begins. We can also integrate our RFID technology at higher levels in the manufacturing/supply chain, such as in packaging, as other competitors might.
Our patents and IC RFID designs incorporate technology not seen in the RFID space before.
Tristan Maunder @WTCTricky Nov 18
Q18: #AskWTC For masternode holders... Are we going to be able to store our WTC on a hardware type wallet for security? "cold staking"
Answer: At this stage we cannot say with 100% certainty that “cold staking” will be implemented. We hope to work with vendors like Ledger and Trezor to implement “cold staking.”
1. So not only will you provide the chips, but you will create a database with all this information?
A: Waltonchain team is developing RFID tag chips and RFID reader chips for Waltonchain ecosystem. The parent chain carries key information about each sub-chain. The sub-chains have corresponding data information in the form of multi-center servers or distributed database. I will not go in depth about the data which we will be accumulating since this is a hardware AMA. But the business minded individuals should not overlook this aspect of our business model.
2. As tags flow through a supply chain (or delivery chain), do you envision to change the data stored on the tag, or would it be static (but encrypted)?
A: The technical combination of hardware and software is an important innovation for Waltonchain. The label will store hash value of the current block and then synchronize on line to ensure the specific binding of the label and entity.
3. How do you envision a reader to authenticate with the backend system, to ensure read data submissions are permitted? How do you plan to manage authorizations?
A: Waltonchain reader is existed as a light node in the chain. These light nodes are connected with, and also subject to a full node.
4. Will the reader be able to upconnect to the backend or will it be polled?
A: Yes. The reader is connected to the master node and can upload data. It will be polled.
5. How many kb of data will your RFIDs store? Do you ever plan on having RFID tags that can be read via NFC?
A: RFID tag chips can store up to 2kb user data, and we plan to design RFID chips compatible with NFC.
6. Can you explain how Walton's RFID chip will be beneficial to the clients first? Let's start with the BIG picture.
A: Walton RFID chip will solve the existing problems, e.g. low sensitivity, errors of reading, high cost, and limited ability of dealing with a number of labels simultaneously, etc. In a nutshell, the client will save money using Walton RFID and achieve a greater security and efficiency. This amount of the benefit to the potential client should be significant.
7. How much do you think a single RFID chip would cost the client?
A: The target price is about $ 0.05
Does the Walton team currently hold, or have plans to file for, any patents that directly related to the RFID tag IC it has plans to produce?
A: Walton team has written and submitted at least four RFID-related patents. our senior advisor Dr. Kim owns 10s of patents, our affiliate Silicon owns many patents as well. (As you can see form CEO Mo Bing’s introduction video). All of the above patents should be and will be readily available for our use to product Waltonchain’s IP advantages over our potential competitors.
When does the team expect to begin mass production of the RFID tag IC?
A: According to Waltonchain roadmap, the mass production of RFID chips will be no later than the first quarter of 2019.
Once in mass production, what is the likely per-unit-cost for the RFID tags?
A: The cost of mass production is of course lower than the foreseeable selling price. But pardon me for not giving out this information at this time.
What are the greatest technical (hardware) challenges facing Waltonchain that will have to be overcome before it can reach wide scale deployment and adoption?
A: The stability of the labels is the biggest challenge. Meanwhile we try to achieve faster read and write.
8. How much money has gone into R&D so far? Will we see pictures of the hardware anytime soon?
A: So far between Silicon, Dr. Kim's Lab, and Waltonchain China and Waltonchain Korea, we have approximately spent $8million dollars in R&D alone. Walton chain RFID system prototype has been fabricated and the photos will be shown next month.
9.1. Will you consider attending any events with the popular RFID event hosts RFIDjournalevents.com to increase WaltonChain's exposure?
A: We are glad to consider such events as long as they benefit to the development of Waltonchain.
9.2. If your RFID tags are placed on the seal of a package and someone manages to swap the contents without breaking the seal, what other implementations do you have in place to detect counterfeit items?
A: We have paid attention to ensure precise binding between label and entity with special label design of anti-demolition.
10. What would be an example or scenario, of a RFID chip applying to the average person daily life? Maybe even if they are not aware of their tech surroundings
A: Many, e.g. supermarket merchandise inventory, RFID anti-theft system of clothing store and so on. You can pretty much think that we would almost work in any scenario with tangible products. But our focus is firstly to break through the clothing industry right now. Think about Walmart or Target and Costco, and then think about their suppliers, the businesses that supply to these large retailers. They can all be our clients.
11. Will Walton have future RFID cards for payments:) in the digital wallet?If it possible to create a hardware wallet that we can also stake our master node from?
A: Yes, we have been planning to make it support these features, and detailed design is already underway.
12. How in depth do you plan to implement the use case of RFID chips? Are you guys interested in expanding the capability of the sensors to include biological parameters to ensure proper composition and authenticity for things like medicine and food?
A: Waltonchain is first applied in the field of storage and logistics. More applications can be conducted later. Having said that, yes, we would of course be interested in expanding our capabilities. We believe that VIoT will big THE BIGGEST revolution in the next 20 years, we are at its infancy right now. So, sky is the limit here if we have the manpower and the resources.
13. How precise will the RFID chips and readers be? In a warehouse and store there will be thousands of RFID chips all close to each other due to being on each individual product. How will Walton handle this potential for information overload considering the volume and density of all these RFID chips?
A: The maximum sensitivity of RFID chips is -20db, while readers are about -100db. We have anti-collision design in our RFID chips to distinguish individual chips, and software solution to avoid double collecting of RFID chips when large volume application in our products.
14. How will the RFID readers work? Will they be mostly fixed location or handheld, or mixture of both?
A: When RFID tags goes into the antenna field of readers, the readers will send a signal to RFID chips and activate the chips to feedback the information to them, then readers will send the data to software system after processing. We have fixed readers or handheld or both of them according to different application.
15. How will readers be implemented to prevent frequency reflections, stray transmissions and the creation of hot or null zones, and 100% read accuracy?
A:You know, the hardware asset of RFID system include chips and readers, we will choose right style of asset according to different application to prevent the problem you listed above and ensure 100% read accuracy.
16. How will entering all of the initial product data work before an item gets tagged with an RFID chip?
A: There will be a mass initialization processing before an item gets tagged with and chip
17. How will the cost of implementing the RFID chips be spread across the supply chain? Manufacturing, shipping, and retailers will all benefit, but it seems like the manufacturers would be baring most of the cost since they would be first putting the RFID chips on the product.
A: The cost of RFID tag chip itself is pretty low, and the chip will not trigger extra costs in production processes, and thus, we can keep the costs within an acceptable range.
18. Who is the lead on the RFID chip R&D? How much weight does Suki Kim have on R&D?
A: Lautry is responsible for RFID chip R&D. Suki Kim is supervising chip programming in R&D.
19. What is the lifespan of an RFID chips?
A: RFID lifespan is associated with its service condition. Its normal lifespan is more than 20 years.
20. What is the lead time for a fab like TSMC to start producing WTC's chips? Has this process begun?
A: The delivery cycle is about 45 days; this process begins once mass production is ready.
21. If at some point in the future other companies want to use RFID chips using technology created by WaltonChain, will they pay royalties to WaltonChain for technology patented by WaltonChain members?
22. Can you bring us photos of your work on the RFID chip or additional hardware?
Prototype?A small machine?Just a clue please.
A: We will be posting videos on our hardware for everyone to see. Please note that prototype and mass production Waltonchain RFID chips will look different AND we will upgrade it often with our research efforts.
23. Can your blockchains data integrity procedures provide proof of positive and proof of negative performance? (Prove that something is both there and not there) This would be related to hardware but is specifically a software standard.
A: Yes, it works via the combination of hardware and software.
24. Are there systems in place to prevent or fix human error from putting the wrong tag on an item? For example, can tag data be rewritten securely?
A: To prevent human errors, we programmed write protection inside the chip. Strict tests in the production process to prevent label from wrongly locating has been done.
25. So let's say my suppliers use WaltonchainRFID chips, and I receive my product shipments, what type of benefits would it provide me as the end user? Or end consumer?
A: To facilitate end-users query product quality, authenticity, rights and so on. The answer is touched upon a little bit in earlier answers. There will be business AMA that will answer these specific questions. =)
What initiatives/solutions will WaltonChain be a part of with Aioute group?
A: Aioute is responsible for Waltonchain RFID system design.
Can your blockchains data integrity procedures provide proof of positive and proof of negative performance? (Prove that something is both there and not there)
26. It was stated earlier that the RFID chips will be pretty cheap. Will the RFID scanners be competitively priced as well? How many scanners would @agcryptonic need in his warehouse? How many scans per minute can a single scanner do? Do the scanners have patents or just the chips? Thanks.
A: The core chip of our reader is self-designed, and it can effectively reduce cost. Low cost makes it competitive. The quantity of readers is related to the size of warehouse. The quantity of scanning is up to 1500 labels simultaneously which is subject to distance etc. We have applied a reader-related patent.
27. Have you tested your RFID tech with any company outside of the clothing industry?
A:Yes, we also test in retail stores and warehouses.
On October 12, 2017, the WaltonChain Korean initiator, Mr.Do Sang hyuk and other WaltonChain team members, visited the Coinlink company in Korea. The team had a fruitful talk with one of the leaders of Coinlink.
WaltonChain’s Korean initiator-Mr.Do sang hyuk, Chinese initiator- Mr.Xu Fangcheng, and the technical directors had a profound discussion with Coinlink about future collaboration regarding blockchain technology.
With the meaning of "linking the world's coins", Coinlink is a futuristic financial platform frontier that connects all of the crypto-currencies throughout the world.
Based on the state-of-the-art infrastructure operated by KOSDAQ listed companies, it provides the most reliable and optimized platform for crypto-currency transactions in a timely and safe manner.
Coinlink is a trading platform created by CERTON, a wholly owned subsidiary of Fourthlink, a Korean listed company. As a PKI certified platform based on FIDO (biometric authentication), CERTON Co., Ltd. is a leading IT technology company with the block chain, the core technology of the ICBAMS — which drives the fourth industrial revolution.
Together with Certon, WaltonChain endeavors to make contributions to the development and application of block chain technology on a worldwide basis.
Q : How does WaltonChain plan to prevent the RFID chips from genuine products being removed and placed into counterfeit good? Whilst I understand this will stop the production of counterfeit good from counterfeit factories, I do not understand how this will prevent chips from genuine products being placed onto the exact same counterfeit item. A: In the prevention of RFID IC removal, currently Waltonchain has a corresponding solution for different industry applications. In the clothing industry, we put RFID tags with washing mark with encapsulated in a single product brand clothing washing mark, RFID label along with single product transfer among production, logistics, sales and other aspects of circulation, the forger cannot get washing mark removed and remove the RFID tag to the other fake and shoddy goods. For the food, retail and other industries, the Waltonchain developed a fragile, anti transfer RFID tag, which is attached to the RFID tag. If the forger wants to remove the label, it must be removed with stress and it will destroy the products. Our products will destroy the label line under the condition of stress removal, which will lead to the failure of the RFID tag, and the imitations can not be used on shoddy products. Intelligent packaging technology at the same time we Walton team also developed RFID tags and the industry product combination; label technology combined with different clothing materials R & D and perfect, the RFID label and clothing products perfect combination, make use of the RFID tag has reliability and stability at the same time, more subtle. At the same time, in the tag IC will also store the characteristics of the corresponding items and status information hash value, if removed to other products, will lead to unable to synchronize data on the chain, to ensure that labels and physical one-to-one correspondence.
Q: How will WaltonChain ensure the RFID chips on production lines cannot be copied? Do you Walton specific production line readers which will only read Walton RFID? A: The RFID tag IC will be written into the world's only EPC code when it leaves the factory, and at the same time, our RFID tag IC will integrate the real random number generator, which will generate a unique address through encryption logic. The Walton chain of RFID does not require special production lines.
Q: If the item is authenticated with a Walton RFID, How does Walton plan for customers to check said authenticity? A: Walton chain from the source to ensure the physical assets of the trace to its source, customers can query the appropriate data by Walton chain, all the data are transparent.
Q: If the RFID is on the packaging of a box, how will Walton plan to prevent the contents of the boxed being replaced? With the counterfeit market being so lucrative, people will go to extreme lengths. A: The fragile anti transfer label developed by our Walton chain team can prevent the replacement of the label from the genuine case. We will place the fragile anti transfer label location where the package may be opened, ensuring that the RFID tag is fully bound to physical assets when applied. The use of the product packaging before demolition related information consumers can query to the product, if the replacement units in the packaging box will have stress, will enable the RFID tag failure, product information will not be again query, this solution can also guarantee the product will not be replaced.
Q: With the RFID chips being issues from a WaltonChain database, what would happen if the issuing database was compromised? Would the issueing database be entered into the blockchain? A: The question is not very clear. What do you want to ask?. Waltonchain is based on block chaining, designed to be decentralized, distributed accounting, and all upper chain data are confirmed by more than half of the nodes. The data on the chain can not be tampered with.
Q: Monitor has mentioned that the code base will be public facing, are there limits to what will be made public? Are there any security risks to having your code base public? A: we have plans to open the Walton chain code, but we must open the relevant code at the right time after we have completed full reliability and security tests.
Q: Would Walton Chain consider providing pictures or other clear information about the RFID hardware? A: Walton chain IC engineers are working hard, related RFID IC and reader IC research and development, has been in the design and simulation work. The RFID system based on the Walton mother chain is being debugged.
In a previous post the Mod group has graciously collected 10 questions that the community fielded for the Waltonchain team. We are excited to share our responses in our first AMA!
1. What is your strategy for communication with the western audience/stakeholders going forward?
R： We will put more effort on the WTC-brand in the future and strive to be a truly international company. That means we will focus more on western platforms and will work to improve on our communication and delivery.
2. Do you have any team members designated specifically for marketing/communication in English targeting western audience/stakeholders, and, if so, what are their positions and priorities?
R：Many already know our beloved customer service representative Abby Chan. In the future, we want to support her with an additional dedicated operations and maintenance team for our international community.
Community supporters and our official team-members will prioritize community issues to us and we will provide news and updates regarding development to them in a timely manner, so they can communicate to our community in a prompt and professional manner.
3. Do you plan to hire more, and, if so, what will be their priorities?
R: We are always scouting for talents in developing but furthermore we want to expand several departments such as PR/Marketing with a focus on new media, branding and business planning, maintenance, operations, finance department and administrative staff.
4. Which platforms will you focus on to increase western visibility (Slack, Reddit, Twitter, Telegram, etc) going forwards?
R：We are glad that the wonderful Walton-community is already represented on most platforms. Now it’s time to organize and put them all under the flag of Waltonchain. We are in close contact with our supporters there. Official news will be found on waltonchain.org, on twitter and our subreddit. Slack is a place to swap experience and knowledge among stakeholders and enthusiasts. And we will manage our Telegram groups more when we have enough manpower and willing bodies (wink wink).
5. How much testing has been done in real companies who have opted for integration of WTC to see if it will be long term beneficial?
R： Up to now, many companies such as Tries, Joeone, SMEN in the apparel industry, Kehua, Lipson plastic in the manufacturing industry and Xiangyu group in the warehouse industry have applied for our WTC & RFID integration system. What is impressive is that all of them have benefited a lot by integrating our system! Compared to before integration, their yield rate has increased by 1.2%, the stock turnover increased by 5.8%, the distribution efficiency has improved by almost 100%, and the inventory efficiency almost tripled in their stores.
For customer information please refer to list below:
Xiangyu group: http://www.xiangyu-group.com
Lipson plastic: www.lipsoncorp.com
6.I saw this written about the technology and would like to know what the team make of it: "WTC is based on untested RFID technologies used to replace serial code/UPCs. RFID can be easily hacked" (I'm not fudding, I'm invested but would like to know more about this)
R: In the Walton chain application system, RFID is mainly used to transmit the encrypted transaction information. To this date there is no feasible attack method known to crack or hack our system in any way. We will continue to do everything there is to keep it this way for now and in the future.
7. How much WTC would be required for staking/becoming a master node?
R：An account needs to hold more than 5000 WTC to become a master node. A master node will be granted extra rewards for bookkeeping. Dependent on the count of WTC and time held, the rewards will increase. Having said that, our parent chain and wallet will be coming this month, just FYI.
8. With the government subsidizing the project, are you able to provide any other insight into the involvement of the government (including other countries)?
R：Quanzhou Silicon, the technology backup of WTC in China and a subsidiary of the Silicon Group, has been awarded the “second-class international qualification”, and has received project subsidies from the local government of Quanzhou City, Fujian province. Another subsidiary of the Silicon Group, Nanjing Silihua is also involved in the R&D of the parent chain of WTC. The block chain system developed by this company has received substantial recognition by the technology staff of the government. And it is currently applying for the science and technology award of the Nanjing government.
Apart from this, Xiameng IOT Technology Co.,Ltd, another subsidiary of the Silicon Group, has received a 5-million-yuan subsidy for the project “Smart Ocean of Fujian Province”. The subsidy will be used for the establishment of an IOT-RFID system and the development of the corresponding series of products, which will be a dramatic driving force to the development of Smart Ocean industry in China. So far, the IOT-RFID product has made its footprint across the provinces and cities of mainland China, as well as in Hong Kong, Macao, Taiwan, other southeastern Asian countries, North America and Europe . Its stability, sensitivity and reliability have been the model in the industry.
9. How does your blockchain technology intend to handle the potentially huge transaction loads this would generate if it took off. Can your blockchain scale?
R：The parent chain of WTC is responsible for the circulation and creation of child chains, while the implementation of various applications will be completed via various child chains. As for the capability for processing transaction loads , we may make a comparison to Ethereum, which adopts PoW consensus mechanism. The average block creation time of Ethereum is around 30 seconds, with each block able to handle dozens to hundreds of transactions. Thus, the transactions processed in one day can be as many as 500 thousand, which is already good enough to satisfy most needs of applications under the public chain. What is worth noticing is that the parent chain of WTC adopts PoST + PoW consensus mechanism, which is able to sustain an even bigger transaction volume.
On the other hand, WTC does not store all data on the parent chain. Instead, WTC adopts the combination of the parent chain and child chains , in accordance with the specific application scenarios. Based on the needs of different applications, the design of child chains can be different forms ，ranging from public chains , alliance chains to private chains, and various consensus mechanisms can also be adopted. Additionally，the size of a single block can be enlarged within a reasonable scale to improve the TPS(transaction per second) but not to affect the verification speed.
Here is a summary: Compared to Ethereum, of which a single block can process dozens to hundreds of transactions, the processing speed of WTC can be much higher , through improving the consensus mechanism , properly enlarging the size of blocks (actually , Merkle tree can also be abolished as an underlying architectural mechanism, and the data base can be stored via key value pairs. In this way, speed will be five times higher ), changing to more efficient security algorithms (for example, scrypt is a RAM-consuming hash, which can be changed to other more efficient hash algorithms, on the condition of satisfying security needs ). Moreover, WTC’s design of combining the parent chain and child chains is tailored to a large scale and extensible ecosystem, making WTC highly scalable.
10. What steps will Waltonchain take in the near future to ramp up your marketing to the west? As we know, even with the best team, tech, partnerships, etc., weak marketing can cripple a coins market value. The language barrier can be eliminated with paid professional translators / English proofreaders. Have you hired any or do you plan to?
Communication and transparency are especially important now -- with so much uncertainty in the crypto atmosphere.
R：The Walton Chain Foundation has established operation centers in Hong Kong and Korea to facilitate global management. Apart from the existing technical team and project application staff, the Walton Chain Foundation will continue to recruit the best block chain talents across the world to further promote the development of Walton chain.
Community management is just part of our operations. And we will welcome talents from various countries to join us, transcending the language barriers.
We will in the near future land on the world’s mainstream medias and exchange platforms and enhance the brand value of WTC.
Bearing in mind our initial ambition to become one of the greatest global currencies, we are working hard and continue to contribute to the development of the global blockchain industry.
Thank you so much for the thoughtful questions! We value and appreciate your support! It is our pleasure to have direct communications with our Western supporters!!!