On June 21, 2018, FashionET (Previously known as Fashion Chain) entered a strategic partnership agreement with Waltonchain and obtained strategic investment from Ginkgo Capital.

Agreement signing ceremony between Waltonchain(CEO Mr. Monitor Chan) and FashionET (CEO Mr. Lin Qinghua) held in Beijing

Waltonchain will develop an exclusive traceable child chain under its public chain for FashionET. This child chain also happens to be Waltonchain’s second child chain, the first being Freyrchain. All the anti-counterfeiting traceability information of fashion products on the FashionET platform will be recorded on the child chain of Waltonchain.

Waltonchain is a global decentralized Value IoT business ecochain. It uniquely integrates the blockchain technology with RFID to solve the centralization problem faced in the course of the IoT development.

What is FashionET?

FashionET is a fashion industry public chain initiated by the joint team from China and South Korea. It aims to break the traditional pyramidal centralized fashion industry structure via blockchain and also to create an e-commerce platform of bottom-up decentralized content to reconstruct the global fashion industry ecology.

Waltonchain’s RFID tags will be embedded in all fashion products on the FashionET platform after starting this cooperation with FashionET. Each item will be equipped with a global unique ID, and all the circulation process information will be recorded. Meanwhile, this solution realizes fashion product traceability through blockchain.

As the leader in blockchain + IoT, Waltonchain chooses partners in each of its quality projects by careful selection. Waltonchain never rests on the journey to build the global business ecosystem and will cooperate with more outstanding projects in the future.

We thank you all for your continuous support for Waltonchain!

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