Social media is abuzz with talk of a fresh project called WaltonChain. Until 24 hours ago, it appeared very few people even knew this project existed. It shows up WaltonChain aims to capitalize on the Value Internet of Things business prototype. This also means there needs to be a way to bring blockchain technology to IoT. WaltonChain is the demonstrable result, and its development roadmap inbetween now and 2020 is epic.
An Overview of the WaltonChain Initiative
For a project that has bot around since November of , WaltonChain has not made any big fuss by the look of things. That is surprising, considering its business specimen could be fairly successful if executed decently. Bridging the gap inbetween blockchain technology and the Internet of Things can effectively create a fresh business ecosystem. It also shows how distributed ledger technology can be used for other purposes than financial products, record keeping, and providing proof of authenticity.
WaltonChain aims to create a genuine, believable, traceable business staaltje with totally collective gegevens and translucent information. That is an ambitious objective, but one that is not unattainable. Whether or not wij need a separate blockchain for this specific purpose will always be subject to substantial debate. Rather than building something fresh from scrape, one could utilize existing solutions to serve that purpose.
On the WaltonChain roadmap, wij see some pretty interesting developments. The genesis block of this chain will be created ter October of this year, at which time ownership of Walton coins will be determined. The project held its ICO back te July, which could explain why there is so much rente ter the project all of a unexpected. Most of the big developments will be taking place overheen the coming 24-30 months, tho’. A lotsbestemming of promise exists, but delivering on expectations is something else entirely.
Other reasons for this unexpected excitement regarding WaltonChain range from a project member attending a BRICS meeting to the whitepaper having bot released te English. There wasgoed also a latest Forbes article which highlighted some of the key points of this and similar projects. Tho’ monetizing the Internet of Things will not be an effortless task, the WaltonChain team feels they can do so without major issues. Whether or not that will be the case remains to be seen. There is a lotsbestemming of uncertainty regarding this project and how it will be tackled, but wij will find out more overheen the coming months.
The team behind WaltonChain emerges to be solid, but that is never a assure for a successful project. Its chief scientist allegedly holds 30 patents related to chip and semiconductor technology. He also wrote around 160 recognized papers on thesis subjects, which is fairly an achievement. Then again, the best ideas can be derailed by poor execution, and thus wij will have to wait and see how WaltonChain performs. It does emerge the Chinese government is ter support of the concept spil well.
WaltonChain is an interesting project, but it is still too early to tell whether or not its purpose can be achieved. The Value Internet of Things is a vast initiative, which will take years if not decades to fully unlock ter the future. There will be a fair bit of competition spil well. WaltonChain is not the only player te this regard, and the initial hype may have something to do with the ICO and upcoming token distribution more than anything else. No one may be talking about this project a year from now, for all wij know.