WaltonChain aims at building a blockchain infrastructure that leverages radio-frequency identification ("RFID") technology to facilitate the development of the Internet of Things ("IoT").
Users can build various sub-chains according to their own needs. The platform aims to provide data (including property ownership data, commodity flow data, etc.) that is authentic, tamper-resistant, and timestamped.
Waltonchain adopts a hybrid consensus mechanism with Proof of Work and Proof of Stake.
The WTC token is used in voting for governance, staking, as well as paying gas fee for simple token transactions and smart-contract executions.