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By Rich Handley

Loci, Waltonchain Form Strategic Partnership for RFID, Internet of Things Solutions

Blockchain companies Waltonchain and Loci have announced that they have forged a strategic partnership. This team-up will open opportunities for Waltonchain to invent and innovate, the companies report, with the support of Loci's resources and platform for IP research, management and marketplace.

"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," said Dr. Mo Bing, Waltonchain's CEO, in a prepared statement. "We believe that by joining hands with Loci we start a mutually beneficial cooperation."

"Loci's platform is built for visionaries and pioneers," added John Wise, Loci's CEO, in the prepared statement. "The work Waltonchain is doing today showcases exactly the kind of leadership we are looking to push the envelope together with."

The companies signed a memorandum of understanding (MOU) for the partnership that formally covers numerous areas of cooperation, including Waltonchain being a purchasing partner for Loci's crowdsourced intellectual property, while Loci will assist Waltonchain in establishing an incubator in the United States. The companies will also cooperate to support startups with IP resources, and may partner as co-investors. What's more, Loci's InnVenn platform and Waltonchain's development capabilities will be jointly offered to universities and research institutions.

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