Waltonchain is an underlying public business ecochain that utilizes RFID technology to create a unique combination of blockchain and the Internet of Things (IoT). On this ecochain, merchants can create customized child chains and monitor production, logistics, warehousing, and retail circulation of all commodities. As a business ecochain, Waltonchain ensures that all data on it is authentic and credible. Through the self-developed reader chip and tag chip, all data of physical commodities in circulation is automatically recorded to the blockchain, avoiding human interference and minimizing the possibility of data tampering. This creates a fair, transparent, traceable, and credible new-generation business ecosystem.