Waltonchain is a genuine, trustworthy and traceable business ecosystem with complete data sharing and absolute information transparency. It is created by the combination of technologies of RFID and blockchain, which push forwards the integration of blockchain and the Internet of Things. The name was given in honor of Charlie Walton, who is the inventor of RFID technology and died in 2011. The project was launched in 2016 on the fifth anniversary of Walton's death.
Waltonchain combines blockchain technology with the Internet of things. The objective is to manage supply chains based on RFID (radio-frequency identification) technology. RFID automatically identifies and tracks tags that contain data about product info, location, and other relevant product data.