Q1. Slack name:
In a retail clothing shop customers often pick up items and return them to the wrong rails. When a member of staff then resets these items the system would log them, skewing the grab rate data. What have WaltonChain done to solve this issue? Answer:
Waltonchain’s solution with its unique RFID-based hardware tracks not only clothes but customer picks. Data from different readers (shelves, fitting rooms, price scanners, checkout counters, etc) is aligned and verifies each other. The sequence of RFID reads are time-aligned for interpretation of user behaviors and interests. Q1.2:
Do the RFID clothes rail scanners work on circular rails which are popular in clothing shops? Answer:
Technically, yes. Practically, we are further testing and improving performance for the most popular environments and scenarios in the clothing industry. Q1.3:
Items of clothing which are neatly folded and displayed in piles (e.g. jeans) present challenges in terms of placement of RFID scanners. How does the Waltonchain system overcome this? Answer:
Okay, we see where this question is coming from: You are asking this because you have not realized the fundamental difference of the RFID tags we use vs. some of the NFC tags you’ve seen out there. This is a good question. Let me elaborate a little, and take this opportunity to give a basic RFID 101.
For basics, you should just remember that RFID is the process by which items are uniquely identified using radio waves. RFID tags/chips are the hardware chips that in everyday use people usually refer to as “RFID.” This is fine in daily speech.
On a very high level, to make it simple, there are two types of RFID chips we see in the Blockchain world:
- Ultra High Frequency (UHF) RFID tags, which operate in 856 MHz to 960 MHz frequency ranges; and
- High Frequency (HF) Near-Field Communication or NFC tags, which operate in 13.56 MHz frequency ranges (these tags can be read by your phone. Recently iPhones have implemented this capability.)
Both of these chips are categorized as RFID tags, under the RFID family. The difference in these tags are tldr, but the takeaway for our case is this:
Our Waltonchain-compatible UHF RFID chips are readable 9 feet away, in a batch, all at once. NFC chips are usually used in peer-to-peer, i.e., using your phone to scan an NFC chip in very close proximity (a couple of inches or closer).
If you watched our demo video made by Boxmining on Youtube, you will notice that we use UHF RFID (Ultra High Frequency) technology.
Finally, to answer your question, with UHF RFID system and the Walton RFID reader, we will be able to read with 100% accuracy the tags within a pile of clothes, neatly folded or not. Q1.4:
In a clothing shop can staff manually amend the blockchain data? (if activities in the store results in skewed data - e.g., a large number of items being mistakenly moved resulting in artificial grab rate data etc. can anything be done by the staff to correct this? Answer:
Nobody can tamper with data on blockchain. Our specially designed RFID end devices collect data and record on the chain automatically and reliably. At the same time, data analytics can be used to interpret employee behavior as well.
Q2. Dominique @DomFromParis
Nov 18 Q2:
Can you confirm it will be 5000 Walton for a masternode and what % will be paid to the holders? Answer:
Yes, holding 5000 WTC qualifies a node to be a Masternode, which will earn extra rewards for every mined block. The percentage and/or reward system will be announced with other details. Please follow our official announcements.
Q3. Sam Lyons @SamTaweets
Nov 18 Q3:
AskWTC If possible can you please tell us if you have any partners already secured for the RFID when you go live on-chain? Answer:
As you will have seen from our blog posts and various news articles we have several close partners and have signed strategic cooperation agreements with a number of organisations. We released news of one just last week. Many of these companies have already been using our RFID technology and all have projects planned for RFID + Waltonchain integration. In terms of ongoing discussions, we will not release specific information about them until they are 100% confirmed.
Q4. Dominique @DomFromParis
Nov 18 Q4:
Why Walton does not have a GitHub? Answer:
We will have a GitHub. We will provide the GitHub for our full node, light node, wallet, etc. We want everything to be thoroughly tested before public access. Also, our software rollout has to be aligned with hardware R&D.
Q5. Peter Peterson @Hamster10Peter
Nov 18 Q5:
Binance is a good exchange but is it manipulated by trading bots to keep the price unnaturally low. When will WTC be listed on Bittrex or Bithumb? We really need one of the biggest exchanges so our beloved coin can grow naturally. Answer:
We have been discussing cooperation with many well-known trading platforms. Please pay attention to our official announcements.
Q6. Sam Taylor @chunkylover199 Q6:
What is to stop someone simply removing a tag and leaving the tag on an adjacent item of clothing on the rack in order to steal a piece of clothing? Answer:
We are developing many different ways to integrate the RFID tags into products. We will make it difficult to remove a tag without damaging it, or the host. In the case of clothing, tags do not have to be attached. They can be printed, woven or sewn into the article itself.
Q7. Derek Chow @maseradee
Nov 18 Q7:
Are there any mechanisms in place to stop someone cutting off the RFID tag from a clothing article and walking out? Answer:
It is difficult to develop a perfect theft deterrent system. The methods currently used by shops can deter a portion of the thefts. Additional developments like sewn-in tags will increase deterrence. Also, our RFID tags are not always able to be cut. Wait and see.
Q8. Rational Riddler Q8:
Will businesses using Waltonchain need to run masternodes or will the unique Waltonchain hardware provide all the mining a business needs? How many readers/scanners will your clients need per store to properly implement the system? #askWTC $WTC Answer:
We aim to provide a fully automated solution with complete software and fully-capable hardware. In doing so, businesses that adopt the Waltonchain system can focus solely on their day-to-day requirements without concerning themselves with those aspects covered by the Waltonchain system. Our entire ecosystem scales up with businesses as child chains are created. We want to make it as easy as possible for our partners’ businesses to fulfill their growth potential.
Q9. wtcrfid @wtcrfid
Nov 18 Q9:
AskWTC What hardware will I need to run my 5,000 WTC masternode? Will a RasberryPi type system suffice? Answer:
While a RasberryPi could be capable of running a node, It would not be ideal. Please wait for our news on the mining hardware needs.
Q10 Sergey @CryptovalleyOF
20 hours ago Q10:
Most of the community is concerned about the relation between the price of a token and the blockchain system, what will a WTC token will be equal to? 1WTC= 1000 Transactions? 1WTC=18,000,000,000,000,000 transactions? I would love to hear your response. Answer:
The transaction exchange rate is established by the marketplace, not by Walton.
Q11 Syed M Mujahid @smmujahid Q11:
Walton Chain system essentially include RFID tags, Scanners and blockchain application that will be customizable according to business needs. According to you, tag might cost around 5 cents, what about each scanner and the application. Will it be viable for small businesses Answer:
Our definition of an affordable system is twofold: 1) something that provides long-term additional benefits and 2) something that is worth its cost. The Waltonchain system has been tested in industry and has yielded positive results that our clients did not expect. One example is an increase in distribution efficiency of nearly 100%.
Q12 Lemuel Wong @2BitsCrypto Q12:
Will it be possible to use Walton Chain RFID technology in Luxury handbags, such as Hermes for example, to verify it as an authentic item that is recorded in the blockchain? Or can RFID chips be copied/replicated? Last thing are your RFID chips EMP proof? Thank you Walton team! Answers:
Yes, verification of authenticity is a very basic use case. Our RFID chips can not be copied or duplicated. EMP proof RFID chips are not an immediate concern, but are absolutely within the scope of our research and development.
Q13. Sergey @CryptovalleyOF Q13:
One of the main concerns I have about the Waltonchain project is what will happen when the new wallet and blockchain becomes publicly available. I'm sure there will be lots of scams and fake websites claiming to be Waltonchain - what will you do to ensure that the changeover is as safe as possible? Answer:
Security has and always will be among our highest of priorities. This is primary in our system design and deployment but also in ensuring the trust of our community. Official announcements will be made to assist in the transition from ERC20 tokens to official WTC coins.
Q14 Errrrr_pesillo @pablo_melo7
Nov 18 Q14:
How do you plan to compete with an RFID solution on the IOTA network in future with no mining fees? (Assuming IOTA delivers on their promise) #askWTC #AskWTC Answer:
Our RFID system includes a revolutionary RFID readewriter that not only communicates with tags but also performs the task of mining.
Q15 Rami Yousif @ramiyousif91
Nov 18 Q15:
Is there any upgrade for your website? #AskWTC Answer:
Yes, there will be an upgrade to our website moving forward. Please watch for our official news release.
Q16 matthew collins @mineu999
Nov 18 Q16:
Why was there a QR code on the blockchain demo product and will it be there for the final production model? #AskWTC Answer:
Through our network of pioneer users, we are constantly evaluating and refining the production model design. Many aspects may change and many may remain the same. This all depends on feedback from our case-study clients.
Q17 Collin @CollinsCustomIP
Nov 18 Q17:
Please address the wabiico competition & specifically describe how your patents protect your specific (hopefully novel) RFID technology. #askWTC #bitcoin #btc #usecase #blockchain #rfid Answer
: The Waltonchain system starts at an integrated circuit level and will be incorporated directly in the manufacturing of electronic devices and products. At this stage, no human interaction occurs—thus the chain of authenticity begins. We can also integrate our RFID technology at higher levels in the manufacturing/supply chain, such as in packaging, as other competitors might.
Our patents and IC RFID designs incorporate technology not seen in the RFID space before.
Q18 Tristan Maunder @WTCTricky
Nov 18 Q18:
#AskWTC For masternode holders... Are we going to be able to store our WTC on a hardware type wallet for security? "cold staking" Answer:
At this stage we cannot say with 100% certainty that “cold staking” will be implemented. We hope to work with vendors like Ledger and Trezor to implement “cold staking.”
If you use Bitcoin to pay for any type of good or ... If your mining is classified as a business operation, you will pay tax as a business. If it is a small-scale, personal endeavor then it will be added to your taxable income. That’s a quick outline of the rules surrounding crypto and tax. Which Tax Documents Does Binance Give You? Binance does not do much of the hard work for you when it ... This article discusses in detail about cryptocurrency mining, cryptocurrency mining rig, cryptocurrency mining software, and hardware, how mining work, main requirements for cryptocurrency mining, what is bitcoin mining, what are the main function of bitcoin mining, how to mine bitcoin, cryptocurrency mining impact on the environment, mining calculators and FAQ’s in the end Easy to use; Easy installation of miners and configuration files (.bat). To start mining using SMP +, just enter your wallet in the .bat file of the selected miner. SMP + has demonstrated high performance when working with Bitcoin, Ethereum, Ethereum Classic, Monero, Raven and other currencies, is highly stable and easy to configure. Simple one-touch coin mining for CPUs that support at least ... CryptoCompare provides an easy to use one. Open your mining software and check how many Megahashes per second it is doing (Mh/s). Load up the mining profitability calculator. Enter your current mining hashing power. Enter the power consumption of your unit or units. Enter the cost of your electricity in kWh. You should be able to get this from your energy supplier. Enter the pool fee for the ... Download Bitcoin Mining Software. You could have the best mining hardware in the world, but without Bitcoin mining software, the hardware is useless. Mining software is needed to access the Bitcoin network and the ‘database of old transactions’. You also need it if you want to join a mining pool. There are different types of Bitcoin mining software available. There are different ones for ... MultiMiner is an easy-to-use bitcoin mining software. Like CGMiner, MultiMiner also supports the majority of the existing computer operating systems. Additionally, the software can effectively remotely control other MultiMiner mining devices. BFGMiner. BFGMiner only supports mining devices like ASICs. It also comes with a fan control and it allows users to carry out dual mining processes ...
One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine Bitcoins. With the rise of specialized ASICs for Bitcoin, Litecoin ... My personal choice for Charting/Technical Analysis Software: ... Noob's Guide To Bitcoin Mining - Super Easy & Simple - Duration: 11:37. UFD Tech 2,273,274 views. 11:37. Trading Tip #15: How To ... Cloud mining bitcoin and other crypto currencies is a secure way to control your income and start making passive income. Cloud mining is someone else mining for you as you wait for your daily profits. #bitcoin #cryptocurrency #cudominer Cudo miner is one of the easiest miners to use out their on the market. Cudo Miner Is easier to setup and has more clean dashboard. Cudo Miner VS Nicehash a ... 🛑BITCOIN BINANCE Greatest 10 000 BTC Air Drop🛑 #btc #bitcoin BTC Binance US 3,178 watching Live now How to change your "Email Address (Primary Email)" in Facebook 2015 - Duration: 5:55. mining pools - bitcoin & cryptocurrency mining pools explained best mining pools pps vs pplns. - mining pool hub. Bitcoin Mining Pools Explained and Review... Follow Altcoin Daily: https://www.youtube.com/channel/UCbLhGKVY-bJPcawebgtNfbw/videos Protect your crypto with a Ledger - the world’s best hardware wallet: h... Open An Account With Binance! https://www.binance.com/?ref=22170588 ----- Sign up a... Арилжааны сайтуудад бүртгүүлэх: 💰 Binance: https://www.binance.com/?ref=1092986 💰 Kucoin: http://bit.ly/2DcDsYr 💰 Hitbtc: http ... Bitcoin Mining CRYPTO MINER COMPUTER CONSTRUCTION Bitcoin Miner - 2019 Please Guys if you like this video hit like and comment below, I want to know your opinion about it. will upload soon ...