East/West collaboration takes shape as two companies with innovative blockchain applications partner.
TYSON’S CORNER, VA. FEBRUARY 12, 2018
Blockchain industry leaders, Waltonchain and Loci, announce a strategic partnership. This partnership opens opportunities for Waltonchain to create more revolutionary inventions and innovations with the support of Loci’s resources and their platform for IP research, management, and marketplace.
Waltonchain CEO, Dr. Mo is very optimistic about the prospects for cooperation. “Cooperation with Loci will help Waltonchain develop unique intellectual property, construct the new IoT world and, ultimately, change the life of humanity for the better. We believe that by joining hands with Loci we start a mutually beneficial cooperation” says Dr. Mo.
Loci CEO, John Wise shares this excitement for the opportunity to partner. Wise states, “Loci’s platform is built for visionaries and pioneers. The work Waltonchain is doing today showcases exactly the kind of leadership we are looking to push the envelope together with.”
The companies signed an MOU for the partnership that formally covers numerous areas of cooperation including Waltonchain being a purchasing partner for Loci’s crowdsourced intellectual property. Loci will assist Waltonchain to help establish an incubator in the US. The companies will also cooperate to support innovative startups with IP resources and may partner as co-investors. Loci’s InnVenn platform and Waltonchain’s development capabilities will be jointly offered to universities and research institutions.
Waltonchain is a joint initiative by Chinese and Korean developers who utilize Radio Frequency Identification (RFID) to simplify businesses’ supply chain management. Waltonchain offers the unique combination of blockchain and RFID technology to build a core public chain for the commercial ecosystem. The business ecosystem will automatically authenticate and upload data of physical goods in circulation using Waltonchain’s independently developed reader and tag chips.
The US based company has created a platform for IP research and discovery coupled with a marketplace of ideas. In the process of getting its own patents, Loci has first-hand experience in the expense, risk, and timeliness of the current patent process that limits global innovation. Its patented and proprietary platform technology empowers inventors and promotes the effective matchmaking of ideas, capital, and talent.