Yes very similar to Walton coin, however they are tackling different markete. Wabi is focusing on smaller goods. For example, babies milk. In China a few year ago, there was a massive scandel where 8 babies died because of counterfeit milk.

In China counterfeiting is a massive problem, and any manufacturer whom is able to reassure a customer that their product is genuine stands to do very well. Therefore i think there will be a massive uptake in industry using this system

I have also added a decent stake into KIN recently. I would check this one out. 60% gains in 48 hours already :)