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Walton chain is chinese project of a business ecosystem with complete data exchange and absolute information transparency based on the blockchain, IOT (Internet of things) and the application of the RIFD – the identification chip, which is used in various sectors requiring identification (credit cards, mobile payments, magnetic keys, etc.). The name was given in honor of Charlie Walton, who is the inventor of RFID technology and died in 2011. The project was launched in 2016 on the fifth anniversary of Walton's death.