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The IoT Revolution in the Blockchain Era

Waltonchain Tech
June 5th, 2018 · 2 min read

Waltonchain Invited to 2018 Global Digital Summit

From June 1 to 2, 2018, the 2018 Global Digital Summit co-organized by Baidu Cloud, Bizcn, NetEase Blockchain Planet and other well-known enterprises was held at Swiss Grand Hotel Xiamen, Fujian Province, China. Waltonchain was invited as a global leader in blockchain + IoT. At 4 PM on June 2, Waltonchain COO Monitor Chan (Chen Zhangrong) delievered a speech on the theme “The IoT Revolution in the Blockchain Era” and participated in an interview with the media at the scene.

The application and development of the blockchain technology is said to be the industry with most intense competition in 2018, and it has attracted the attention of the world with its explosive development. However, the booming market that is developing at a high speed first needs to be structured. According to the “White Paper on the Development of China’s Blockchain Industry in 2018” recently released by the Ministry of Industry and Information Technology of China, there are as many a 456 blockchain companies in China. The question is: what exactly is the blockchain technology? How to apply blockchain at a large scale? Is this really blockchain that many companies are developing?

The 2018 Global Digital Summit conducted in-depth discussions on hot topics such as the blockchain technology and its applications, gathering industry experts to explore the cross-industry integration of digital assets, digital media, digital ecology and other industries. It promotes the cross-industry integration, innovation and upgrading, the penetration and integration of the Internet in various areas to increases the industry value.

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.

At the same time, he also pointed out: “The purpose of Waltonchain is to build an underlying commercial public ecochain. On this public chain, businesses can build a variety of child chains according to their own needs. The entire process of production, logistics, warehousing and retail sale during commodity circulation will be monitored. Customers will be able to trace the real source of goods and all circulation processes on the Waltonchain blockchain. Therefore, individuals and merchants can easily perform such operations with goods as grants, sales, leases and mortgages. The main feature of this commercial ecochain is that all data (including property ownership data, commodity circulation data, etc.) is authentic, temper-resistant, time-stamped and decentralized. In this way, a faithful and genuine commercial ecochain can be established to reduce the information cost of the entire commercial circulation.”

In a complex global system, establishing a global credit consensus system is extremely difficult because of inability to communicate data and establish authenticity seamlessly between the links. The blockchain technology is aiming to solve this global problem, to break the credit shackles of the centralized system and realize the credit interconnection between global nodes. Waltonchain, standing in the wave of the accelerated development of the global blockchain technology, will continue to work consistently to take root in our independent R&D and technological innovations of chips, extending the application of the Value Internet of Things to all areas of economy.

Waltonchain COO Monitor Chan invites the world to follow Waltonchain’s latest developments, and observe the new commercial civilization introduced by the decentralized distributed chip storage. We will continue to devote our time and effort to this groundbreaking cause.

Source (Medium)

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