In Walton ecosystem, the most core parent chain is called waltonchain in which the token used for circulation and payment is called waltoncoin (hereinafter referred to as WTC). WTC is the most important digital token in the Walton ecosystem, the total number of WTCs is 100 million, abbreviated as 10-8 , created and set in the Genesis Block. This number is constant, no more tokens will be issued.
Name of the Coin – Walton (WTC)
Total Supply / Circulating Supply – 24,898,178 WTC(Circulating) 70,000,000 WTC(total) 100,000,000 WTC (max supply)
Use of ICO Money – Content of Project——Percentage (100%)
R&D, testing and production of RFID tag chip——15%
R&D, testing and production of RFID reader-writer chip——20%
Design and test of RFID system scheme——15%
Development of application platform of project chain ——15%
Salaries and rewards of R&D personnel——20%
Salaries of other personnel, and costs of operation，maintenance and material——8%
Promotion of system application scheme——7%
Walton is derived from Charlie Walton, who was born in California, died on November 30, 2011. As the inventor of RFID technology, he devoted his life to the development of RFID technology. He obtained the first patent related to RFID technology in 1973 and eventually obtained more than 50 invention patents. He created a new era of RFID and made outstanding contributions to the development of RFID. At present, RFID technology is widely used in various applications all over the world, from identification to freeway billing, mobile payment, credit card payment, we can see RFID everywhere. The project was founded on November 30, 2016, the fifth anniversary of the death of Charlie Walton. To commemorate the great inventor of RFID technology, the project was named “Waltonchain” to carry forward his invention and blaze a trail to the future.
As mentioned above, in the Walton ecosystem, the most core parent chain is called waltonchain in which the token used for circulation and payment is called waltoncoin (hereinafter referred to as WTC). WTC is the most important digital token in the Walton ecosystem, the total number of WTCs is 100 million, abbreviated as 10-8 , created and set in the Genesis Block. This number is constant, no more tokens will be issued.
Waltoncoin’s Main Functions
1) Issuing sub chains
2) Dividend interest
3) Credit and mortgage system
4) Distributed asset exchange
5) Distributed voting and governance system
6) Decentralized exchange
It can be used as currency to purchase related commodities;
2. It can be used as the unit of measurement for credit of the Internet of Things;
3. It can be used as the unit of measurement for the workload or quality of the Internet of Things;
4. It can be used as the storage of value or the value transfer method；
5. It enjoys high popularity and increasing demands, while the issuance volume is fixed; thus, the potential of its appreciation is tremendous.
Compared with traditional RFID tag chip, the RFID tag chip designed in the project has the following advantages:
1. A dissymmetric encryption and decryption module is integrated into the tag chip of this project, bringing out safer tag communication;
2．A dedicated storage space is integrated into the tag chip of this project for the storage of hash value of tag status and key information, which makes the tag content truly tamper-resistant;
3. The tag chip of this project adopts the low voltage and low power consumption design, and applies advanced technology; though with an increased size of design, its power consumption is lower than that of traditional design;
4.The anti-collision logic is added to the design scheme of the tag chip of this project. As a result, the collision probability is lower, and the probability of skipping – reading is significantly reduced.
1．The RFID tag has achieved the management of item level in the application of garment industry. Hence, the number of usage is enormous. Large amounts of experimental data can be obtained easily in the development and early application of the chip, as a result of which the chip and system technologies will mature quickly ;
2. Many core members of the team have years of industry experience in the field of garment, and they are also familiar with the garment industry, the application of RFID intelligent system, and the promotion of software informationization products and other areas. With abundant resources of customer channels, the upfront cost of customer development is low. Therefore, it is possible to enter the market rapidly and to build up customer base in early days.
Team Members –
Xu Fangcheng (Founder) – Chinese, graduated in Business Administration, Supply Chain Management Director of Septwolves Group Ltd.
Septwolves (Chinese: 七匹狼; pinyin: Qīpǐláng) is a tobacco and clothing brand based in Fujian, People’s Republic of China. The brand was registered in 1990 in mainland China (for clothing only at that time). It was the subject of a Hong Kong trademark case which divided it between two businesses, as tobacco and the clothes were produced by two unrelated companies, which were state-owned enterprise and civilian-run enterprise respectively.
The tobacco brand, created in 1995 is promoted by the Longyan Cigarette Factory under the auspices of the Jinjiang Tobacco Monopoly Bureau, and is used nationwide for cigarettes. Both the corporation and the government department were in fact under the same entity China Tobacco (which shared the same headquarter with State Tobacco Monopoly Administration) as their subsidiary. The Irish journalist Mark Godfrey called it “one of the biggest cigarette makers in the country”
Clothing – The clothing business, started in 1990 in Jinjiang, and is now based in Xiamen. In 1992 it was recognized as a ‘Reputable Brand in Fujian’, and the next year the trademark was registered overseas. It claims to be “one of the most famous men’s clothing makers in China” and has now expanded into womenswear and childrenswear.
In 2006, it was ranked 303rd most influential brand in Asia.
As at 9 November 2016, Septwolves was a constituent of SZSE Component Index but not in SZSE 300 Index, making the company was ranked between the 301st to 500th by free float adjusted market capitalization. Fujian Septwolves Group still owned 34.29% on Septwolves Industry.
Du Xianghe（Co-founder）- Korean, Vice Chairman of the China – Korea Cultural Exchange Development Committee (a proprietary institution of President Moon Jae-in), Director of the Korea Standard Products Association, Chairman of Seongnam Branch of the Korea Small and Medium Enterprises Committee, Chairman of Korea NC Technology Co., Ltd., Senior Reporter of IT TODAY News, Senior Reporter of NEWS PAPER Economic Department, Director of ET NEWSssssssss
Jin Xiji（Chief Scientist）- Korean, South Korea’s electronics industry leader, Doctor of Engineering (graduated from the University of Minnesota), Professor of Korea University, previously worked at Bell Labs and Honeywell USA, served as vice president of Samsung Electronics, senior expert in integrated circuit design field, IEEE Senior Member, Vice President of the Korea Institute of Electrical Engineers, Chairman of the Korea Semiconductor Industry Association. Has published more than 250 academic papers with more than 60 patents.
Zhu Yanping（Blockchain） – Chinese Taiwanese, Doctor of Engineering (graduated from National Cheng Kung University), Chairman of the Taiwan Cloud Services Association, Director of Information Management Department of National Chung Hsing University. Has won the Youth Invention Award by Taiwan Ministry of Education and Taiwan Top Ten Information Talent Award. Has deeply studied block chain applications over the years and led a block chain technology team to develop systems for health big data and agricultural traceability projects.
Mo Bing（IoT） – Chinese, Doctor of Engineering (graduated from Harbin Institute of Technology), Research Professor of Korea University, Distinguished Fellow of Sun Yat – sen University, Internet of Things expert, integrated circuit expert, Senior Member of Chinese Society of Micro-Nano Technology, IEEE Member. Has published more than 20 papers and applied for 18 invention patents. Began his research of BitCoin in 2013, one of the earliest users of btc 38.com and Korea korbit. Served as Technical Director of Korea University to cooperate with Samsung Group to complete the project “Multi sensor data interaction and fusion based on peer to peer network”. Committed to the integration of block chain technology and Internet of Things to create a real commercialized public chain
Wei Jiesong（Blockchain） – Chinese, Doctor of Engineering (graduated from the University of Delaware), Associate Professor of Nanjing University of Science and Technology, Core Member and Master Supervisor of Network Space Security Engineering Research Institute, Block Chain Technology expert in the field of computer network protocol and application, network and information security. Has published more than 20 papers and applied for 7 invention patents. Previously worked at Google, Qualcomm, Bloomberg and many other high-tech companies in the United States, served as R & D engineer and technical expert; has a wealth of experience in computer system design, product development and project management.
MEMBERS IN CHINA
Chen Zhangrong – Chinese, graduated in Business Management, received a BBA degree from Armstrong University in the United States, President of Tianyu International Group Co.Ltd., leader of China clothing & accessories industry , China’s well – known business mentor, guest of the CCTV2 show named “Win in China” in 2008. Began his exposure to Bitcoin in 2013 with a strong interest and in-depth study of digital money and decentralized management thinking
Lin Herui – Chinese, MBA from XMU. More than 10 years of experience in the development of electronic products and systems. Successively served as Nokia R & D Manager and Product Manager, Microsoft Hardware Department Supply Chain Director. Established Xiamen Z-Link Co., Ltd in 2015; the intelligent systems and solutions developed by the company have been promoted and used in various industrial brand enterprises and brand clothing enterprises.
Yang Feng – Chinese, Master of Engineering, worked at ZTE, artificial intelligence expert, integrated circuit expert. Has 12 years of experience in VLSI R&D, architecture design and verification, and 5 years of research experience in artificial intelligence and genetic algorithm. Has an in-depth research on the principle and realization of RFID technology, the underlying infrastructure of blockchain, intelligent contract and consensus mechanism algorithm.
Guo Jianping – Chinese, Doctor of AEngineering (graduated from the Chinese University of Hong Kong), Associate Professor of the Hundred Talents Program of Sun Yat – sen University, Master Instructor, IEEE Senior Member, integrated circuit expert. Has published more than 40 international journals / conference papers in the field of IC design and applied for 16 patents in China.
Huang Minrui – Chinese, Doctor of Engineering (graduated from the University of Freiburg in Germany), Master Instructor, Lecturer of Department of Electronics of Huaqiao University, integrated circuit expert. Mainly explores digital signal processing circuit and system implementation and works on digital signal processing technology research and development for the long term.
Guo Rongxin – Chinese, Master of Engineering, Deputy Director of Communication Technology Research Center of Huaqiao University. Has more than 10 years of experience in design and development of hardware and software for embedded system, works on the research and development of RFID and block chain technology in the field of Internet of Things for the long term.
Li Shuai – Chinese, Master of Engineering, with a research focus on network security and block link authentication technology. The block chain distributed certified work directed and completed by him has won the first prize of the final “2016 National Cryptology Technology Competition”
Wang Liyan – Chinese, Master of Information System & Operations Management, University of Florida, received bachelor degree of communication engineering from Beijing University of Posts and Telecommunications, worked at ChinaNetCenter, has rich experience in product operation.
Huang Hongtai – Chinese, Bachelor of Engineering, has five years of experience in WEB front and back end development, works on the Development of Internet of Things platforms and educational information platforms for the long term. Began his exposure to Bitcoin in 2011 and become an early graphics card mining participant. Has a strong interest in virtual currency and block chain technology.
Dai Minhua – Chinese, graduated in Business Management, received a BBA from Armstrong University, senior financial expert, served as vice president and chief financial officer of Tianyu International Group Co., Ltd.; has 13 years of financial work experience, has a wealth of experience in developing and implementing enterprise strategy and business plan, as well as achieving business management objectives and development goals.
Liu Dongxin – Chinese, received an MBA from China Europe International Business School, Visiting Scholar of Kellogg School of Management at Northwestern University, strategic management consulting expert, investment and financing expert, with a current research interest in the impact of Block Chain Technology on financial sector.
MEMBERS IN KOREA
Shan Liang – Chinese, Graduated from KOREATECH Mechanical Engineering Department, Venture Capital PhD, Director of Korea Sungkyun Technology Co., Ltd., Chinese Market Manager of the heating component manufacturer NHTECH, a subsidiary of Samsung SDI, economic group leader of the Friendship Association of Chinese Doctoral Students in Korea, one of the earliest users of Korea korbit, senior digital money player.
Ma Xingyi – Chinese, Chinese National CSC special students, Doctor of Engineering of Korea University, Research Professor of Fusion Chemical Systems Institute of Korea University, Korea Sungkyun Technology Co., Ltd. CEO, Associate Member of the Royal Society of Chemistry, has published his research results in the world’s top journal, Nature – Communication. Current research direction covers cross-disciplines that combine blockchain technology with intelligent medical technology.
Zhao Haiming – Chinese, Doctor of Chemical Conductive Polymer of Sungkyunkwan University, core member of Korea BK21th conductive polymer project, researcher of Korea Gyeonggi Institute of Sensor, researcher of Korea NCTECH environmental technology company, Vice president of the Chinese Chamber of Commerce, Director of Korea Sungkyun Technology Co., Ltd., early player of digital currency
Liu Xiaowei – Professor of Harbin Institute of Technology, PhD Tutor, 973 chief expert. Member of the Expert Group on assembly of micro – nano technology, Member of the Expert Group on assembly of military electronic components spectrum series, Deputy Director of Force Sensitive Professional Committee of Sensitive Technology Branch of Chinese Institute of Electronics, Deputy Secretary – General of Chinese Northeast Micro-Electro-Mechanical System Technology Consortium.
Su Yan – Professor of Nanjing University of Science and Technology, PhD Mentor, Vice President of the China Shipbuilding Engineering Society Ship Instrument and Instrumentation Academic Committee, Executive Director of the China Institute of Instrumentation Micro – Nano Devices and Systems Technology Branch, Executive director of Jiangsu Institute of Instrumentation, assembly expert.
Zhang Yan – Doctor of Engineering, Professor, Ph.D.Mentor. Currently serves as Associate Dean of Harbin Institute of Technology (Shenzhen) School of Electronics. Digital integrated circuit design and embedded system expert.
Zhu Xueyang – Chinese, Master of Engineering, Technical Director of Hangzhou Network Security Research Institute. Has more than nine years of IT industry experience, with an in-depth study on financial information security, cloud computing, block chain technology and other directions. Served as Product Manager of Sunyard Safety Products Division and took charge of projects of block chain application on financial products.
Ma Pingping – received a Master of Economics from Xiamen University, serves as general manager of Venture Capital at Septwolves Limited.
Yang Youneng – Guangdong Chinese Online Investment Co., Ltd. CEO, Chinese Academy of Social Sciences Graduate of Economics, Visiting Professor of South China University of Technology, Associate Dean of Shenzhen Financial Research Institute of the Ministry of Finance and Finance.
Peng Xiande – Senior Lawyer, partner of Guangdong Wenpin Law Firm, expert on company law, investment and financing legal affairs with more than twenty years of judicial practical experience.
Bo Ke – Graduated from Henan University of Economics and Law, Senior Lawyer of Guangdong Ruiting Law Firm, China registered lawyer, Member of the All China Lawyers Association, Member of Shenzhen Lawyers Association, has more than 20 years of experience in legal services.
Xiao Guangjian – Senior Accountant, Tax Accountant, Senior Economist, Secretary – General of Shenzhen Sanming Chamber of Commerce, Shenzhen Lianjie Accounting Firm Partner, senior financial expert, has more than ten years of experience in financial consultancy of listed companies.
Jong-gil Lee – CEO, BSM Inc; Director, Division of Active Carbon of Korea Institute of Carbon Convergence Technology.
Sang-tae Go – Vice director, Editorial Department of ETnews (previous); Director, Department of New Media and Business at KI News.
Qiu Jun – Chairman of Shenzhen Hong Tao Fund Management Co., Ltd., Vice President of Shenzhen Shanwei Chamber of Commerce. 20 years of capital market investment experience, experienced magnificent market changes, achieved a number of classic investment cases, including SMIC, China Merchants Securities and Danxia biological company, etc. Danxia biological company has been deemed as one of the top ten cases of biomedical investment in 2016.
Yan Xiaoqian – Chairman of Kaltendin Clothing Co., Ltd., Executive Vice President of Shenzhen Shanwei Chamber of Commerce.
Lin Jingwei – Director of Guangzhou Jiuying Investment Management Co., Ltd.; has 27 years of work experience at large Chinese state-owned enterprises at home and abroad and more than 15 years of work experience as Secretary of the Board of Directors, CFO, Deputy General Manager of large Chinese state-owned enterprises, in charge of enterprise listing, capital operation, investment and financing for a long time.
He Honglian – Director of Walton Investment Division, Certified Public Accountant, received an MBA from Xiamen University. Previously served as Investment Center Manager of Meiya Pico, currently leads the Walton investment team to research and plan investment in the field of Internet of Things and integrated circuits.
Song Guoping – Doctor of medicine, President of Chinese Chamber of Commerce in Korea, Director of Beijing Overseas Friendship Association, Representative of Ping An International， Representative of Oriental Xu Fu Anti-Aging Center， Representative of Sumei Beauty Shaping company.
Shen Dongxie – Korean, Doctor of Economics, Senior Economic Advisor of Korea Gyeonggi Province Government, Distinguished Professor of Seoul National University, Negotiator of US – South Korea Free Trade Agreement.
The WALTON project adopts the scheme of the combination of hardware and software. While, other security traceability block chain projects have no hardware. Therefore，the scheme of the WALTON project is intrinsically different from that of other projects in that:
1. The memory of tag chip of this project contains the hash value of tag status and critical data, making sure that the tag content is tamper-resistant;
2. The tag and reader-writer, as well as the WALTONCHAIN platform, make sure truly anti-counterfeiting and traceable to the source on the whole;
3. From the commercial value point of view, the WALTONCHAIN uses the RFID system as its carrier, and the wide popularization of RFID system is an irreversible mega-trend; its tremendous commercial value is foreseeable as a growing number of merchants will adopt the RFID system in the future, and the number of users of WALTONCHAIN will be increasing continuously
The chip of Sigma project is mainly used as the miner, but not a major element for business application. But there are two kinds of chips in the WALTON project — RFID tag chip and reader – writer main control chip. RFID tag chip is the interface on the commodity side to upload the physical commodity to the chain. In other words, each commodity (such as the garment hangtag, care label and so on in the Phase 1.0 of this project) with a RFID tag chip in the future can upload relevant data to the chain through data exchange with the reader – writer, with no manual intervention needed. Reader – writer main control chip is the interface on the server side to upload the physical commodity to the chain. It may serve as the node of the main chain or child chain of WALTONCHAIN. As the number of merchants using the RFID system increases, there will be more and more nodes of WALTONCHAIN accordingly，and the robustness of the whole system will become better and better. As stated above, the chip of WALTON project is the vital element of the whole system, and closely related to the furfure business application..
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