Waltonchain is an open-source underlying public business ecochain on Ethereum that focuses on blockchain + the IoT. It combines blockchain and RFID technology to promote industry transformation and upgrading by serving the real economy. How does Waltonchain achieve this? By integrating blockchain technology with RFID chips developed in-house, it provides traceability and certification solutions for various industries, encryption services, and distributed database building for industrial data.

Waltonchain's goal is to create a fair, transparent, traceable, and credible new-generation business ecosystem. It constructs a VIoT (Value Internet of Things) ecosystem where blockchain merges with the IoT, relying on devices, network, value, and data. Some of its business applications include food traceability, luxury goods identification, seafood transportation tracking, and logistics tracking. And there are more applications to come as the ecosystem continues to diversify.