The Chinese RFID-based blockchain company Waltonchain is in the news again. Seems like they've made a deal with yet another Chinese company with a massive reach.
From their profile on Bloomberg:
Fujian Electronics & Information Group Co. Ltd. operates as an investment company. The Company mainly invests in electronics production, network communication, real estate, trade, and other fields. Fujian Electronics & Information Group markets its products primarily in China.
Interesting to consider the multitude of applications that RFID chips could have in all of these industries.
WTC was in the news several weeks ago as a result of the announcement of their partnership with the Internet of Things (IoT) subsidiary of China Mobile, causing their price to double overnight.
I found this quote about Fujian on this medium article, but have been unable to locate it elsewhere on the internet:
“Founded in 1995, Fujian ST Electronics Co., Ltd. is a state-level high-tech enterprise engaged in the development of Internet of Things technology, software and industrial applications, information system integration and wireless communication terminal production.
They have access to innovative enterprises in Fujian Province, the National Computer Information System Integration Enterprise, The Establishment of Food Safety Information, Fujian Academy of Sciences Expert Workstation, Fujian Provincial Science and Technology Agency… and Systems Enterprise Engineering Research Center.”
While the partnership hasn't been officially announced, Fujian's logo does appear on WTC's website.
With access to all of these new tools, Waltonchain is uniquely positioned to be the yin to Vechain's yang. WTC is focusing more on a B2B approach, while VeChain is more customer-facing with a B2C strategy.
Now all they need is their own version of the Coca Cola Kid to make fake tweets and pre-announce their partnerships.
Is "The Pepsi Kid" taken on Twitter?
Do you think Waltonchain is a good investment? Let me know in a comment!
Can't get enough of me? Follow me on Instagram!
Check out some of my other posts here:
- How To Be Successful In Just 100 Hours A Week
- Discipline, Fearlessness, And Other Lies Sold To You By Clever Marketers
- The Problem With PentaCore And Cryptocurrency Mutual Funds In General (And What To Do About It)
- Stock Trading Platform Robinhood Latest Company To Cash In On Crypto Craze With New Cryptocurrency Exchange
- How To Actually Get More Likes And Followers On Instagram
- Japan's Largest Bank Set To Open Cryptocurrency Exchange In April 2018
- There Is Now A Japanese Cryptocurrency-Themed Pop Group
- WaltonChain (WTC) Voted #1 At SE Asia Blockchain Summit... but who cares?
- Basic Attention Token (BAT) - another token that unsuccessfully answers the question, "Why not just use an ad blocker?"
- Request Network (REQ) setting up a $30 million dollar fund for startups
- If Warren Buffett Invested In Crypto, He Would Stock Up Now While The Market Is Collapsing
- Dispelling The Myths Behind Tron (TRX), The Most Misunderstood Coin In Crypto
- VeChain (VEN) Being Shilled HARD In r/Cryptocurrency - 50 Posts In The Last Week
- Switzerland Sees Crypto As Their Chance To Woo Drug Dealers, Saudi Princes And Shady Billionaires
- NVIDIA Blasts Retailers For Selling GPUs To Cryptominers Instead Of Gamers
- The No BullShit Guide To Being Successful (Read This To Die Instantly)
- Schizophrenic South Korea Can't Decide If They Want To Ban Crypto Or Not
- I'm Not A Religious Man, But I Thank God For Every Failure I've Ever Had
- Why Creative Work Is Its Own Reward And How To Get Better At The Things You Hate
Follow, resteem and smash dat mf like button...
