Waltonchain Reached Strategic Cooperation with Blockcloud, the First Global Blockchain-based Underlying Internet Protocol
Recently, Waltonchain has reached strategic cooperation with Blockcloud, the first global blockchain-based underlying Internet protocol. The partners will cooperate in blockchain technology application and development to give full play to their respective advantages and will integrate business channels and platform resources so as to promote the blockchain industry development.
Waltonchain is a fundamental public business ecochain. As the leader in Blockchain + the Internet of Things, it innovatively combines blockchain with RFID technology. On this ecochain, merchants can establish various child chains according to their needs and monitor the whole production, logistics, warehousing and retail circulation process of all goods. As a typical business ecochain, Waltonchain ensures that all data (including property ownership data, commodity circulation data, etc.) is authentic. Using the self-developed RFID tag chip and reader chip, all data of offline physical goods can be automatically and quickly uploaded to blockchain during the circulation process. This avoids human interference, greatly reduces the possibility of data tampering and thus creates a fair, transparent, traceable and credible new-generation business ecosystem.
Blockcloud is a blockchain-based advanced TCP/IP that improves and upgrades the existing Internet. Essentially, it is an extension of the current Internet and the fundamental Internet technology. Combining the advantages of blockchain and Future Internet technology, it serves as the “building block” to build the fundamental Internet agreement system. Blockcloud can provide not only constant connectivity for dynamic networks, but also better mobility, credibility, incentives, security, fairness and scalability for upper-layer applications. The project focuses on 5G, the IoT, blockchain, cloud computing, streaming media, AI, VR/AR and other fields, each of which represents a trillion dollar market space. As the fundamental Internet technology service provider for these fields, Blockcloud has a potential hundred billion market.
With the market prospects and advantages in the Internet and related technologies of Blockcloud combined with the global ecology strategy of Waltonchain, the partners will jointly explore Blockchain+ and promote the implementation of Waltonchain ecosystem. In the future, both sides will actively initiate online and offline activities and workshops to integrate community resources of each other and promote the blockchain industry development.
This agreement further expands the blockchain technology cooperation field for both parties and contributes to multi-service blockchain technology development cooperation. It is also a great step forward for the ecosystem globalization strategy of Waltonchain, which strengthens the Waltonchain ecosystem development.
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