Waltonchain (WTC) was meant to be one of the high flying blockchain projects of the first quarter of the year. There was a perception that 2019 is the perfect year for IoT (Internet of Things).
However, from what can be seen, there is nothing much to gloat over as we approach the end of the first quarter of the year. Waltonchain (WTC) alongside Vechain (VET) and IOTA (MIOTA) are seen as the top coins in the IoT sector.
Waltonchain (WTC) Has Attracted Investors with Its RFID Technology
The Waltonchain project, in particular, has interested several investors as it combines IoT technology and blockchain technology to provide a decentralized management platform to track transactions.
Its use of RFID-Chips has brought about a novel approach to tracking products in the Manufacturing industry. The blockchain company has entered partnerships with several manufacturers to incorporate its technology in tracking products.
Chinese Government Has Jumped on Its Technology
One of its major partnerships is with the Chinese government who adopted its RFID technology to curb the high counterfeiting problems experienced in the manufacturing sector of its economy.
China is the country with the largest manufacturing sector in the world and this partnership is a huge plus for the blockchain platform.
Waltonchain (WTC) Positioned To Profit from IoT Expansion In 2019
However, the major aspect that the coin is looking to dominate is the IoT industry which has yet to kick off into gear in 2019. It is anticipated that there would be more IoT devices released this year than any other period in history.
Several companies have jumped on the train and are developing devices from home appliances to commercial devices that would run on this technology.
Waltonchain (WTC) has continued to make updates to its technology as it looks to benefit from the influx of devices expected to occur in the third quarter of the year.
Latest Price of (WTC)
The coin currently trades at $1.30 as at the time of writing with an appreciation in value of 3.45% in the past 24 hours. Waltonchain remains a viable project to invest in as we expect a bullish run in the coming weeks.