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?

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