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UPDATE:

Walton team read this article, and have provided some feedback. I will be updating this article accordingly. Some things have been misinterpreted/mistranslated. For e.g. eiotchina.com does not belong to Zhongchuan, but we are providing technical support to them. So, good news either way :)

As always, it’s always good to do your due diligence.

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Alibaba Cloud partners with Blockchain-based IoT startup to promote smart cities

It was exactly one year ago in March 2018, when news about Waltonchain’s subsidiary ‘Xiamen ZhongChuan IoT Industry Research Institute’ made the rounds on the internet. The subsidiary got listed on the Alibaba marketplace and also became a member of the Alibaba’s ICA Alliance:

This was then followed by the news of Huawei’s partnership with the subsidiary, late last year. https://medium.com/@Waltonchain_EN/xiamen-zhongchuan-iot-industry-research-institute-joined-hands-with-huawei-to-build-the-quality-2d37105d6201

But what do we know about this subsidiary?

We know that Mo Bing (Waltonchain CEO) is listed as a Director. We can also see than Lin Herui (Core Waltonchain team member and VP of Fujian IoT Industry Association) is the Chairman/GM of the subsidiary.

What about other members?!

‘Thunder’ is listed as another Director and also seems to hold a political position (at a national level?).

Previously, one of the keen researchers (shoutout to Mr. Splooge) found direct connections between this subsidiary and Dragonsoft — https://bit.ly/2YoPaab and https://bit.ly/2G03xr0

Dragon was founded in 1993 and is headquartered in Xiamen, China. It is a key high-tech enterprise of the National Torch Plan and a key enterprise in the software industry base. It possesses the qualifications of the People’s Liberation Army (PLA) equipment-making unit and is involved in over one hundred qualifications such as the integration of state secret computer information systems.

So where am I going with this?

Well, it looks like the subsidiary has been making deep inroads since then. But we wouldn’t know this…until we research further ;)

Recently, they updated their company profile on qichacha.com (one of the leading websites for company data/information in China).

Among other changes, they have updated the subsidiary’s website.

Let’s look into this website — www.eiotchina.com

(Now keep in mind that the site is not complete — it looks like it’s still being built out)

In the above picture, we can read, ‘Internet of Things Public Service Platform’ and ‘The Internet of Things Industry Service Platform’. The second picture shows some VERY impressive stats. While I am still trying to comprehend the specific details, it doesn’t seem far fetched to realize that Waltonchain could be connected to something much bigger (Sidenote: Could this be our public child chain?). This is further validated with this picture:

The highlighted text in yellow reads, ‘UNITED PLATFORM IN CHINA’. The paragraph below in Chinese, lists Huawei, Alibaba, Tencent amongst others.

And then there is this — ‘National Internet of Things Association real-time data’:

Do you see the big picture? Real-time data will require the use of 5G technology, especially when deployed at a national scale. This ties in well with Mo Bing’s previous interview where he references 5G technology.

To finish this piece off, I would like to leave you with these questions:

If you think this subsidiary (and by extension Waltonchain) has a role to play, how big of a role do you think it is? What is the relevance of this website? Could this website and other informances (invitation to the Great Hall of the People, Korean govt involvement etc.) hint towards the significance and influence that Waltonchain would have in China?

If this is what we know so far, how much more is still left to discover? Could it be the tip of the iceberg? Keep in mind, China is still not cryptocurrency friendly and Waltonchain is keeping its cards close to the chest.

Why is Waltonchain designing all these different solutions — smart meters, city, transportation, sanitation etc. and why are there hints of the points system being developed/designed by Waltonchain and subsidiaries (social credit score?!)

Why are all the Chinese tech giants partnering up with Waltonchain and its subsidiaries?

Why is Waltonchain pushing out so many patents…

This is my opinion, but if even half of what we know turns out to be true, and Waltonchain (and subsidiaries) are, in fact, involved in laying down the core foundation for blockchain and big data in China (and beyond), this could be a very interesting time for Waltonchain.

(This article is published by Dragonballaf)