OriginTrail (TRAC) is a decentralized platform that has been built and developed based on blockchain technology for businesses operating in the supply chain. Its goal is to ensure the transparency and integrity of the data of the parties in the chain, thereby contributing to the protection of the brand as well as minimizing the risk of problems arising with the goods.
OriginTrail operates on a fast, automatic connection and data link between the devices used to process data related to the parties’ supply operations. Then all that data will be stored in blocks.
OriginTrail offers a new way of building supply chain transparency and provides the foundation needed to build trust and increase supply chain efficiency. At the same time, it helps to monitor and enforce automated quality assurance processes.
What is TRAC token?
TRAC is the main cryptocurrency of the OriginTrail ecosystem, consisting of a network of machines (nodes) that all OriginTrail customers run. TRAC is primarily used as a method of payment between data providers in the supply chain and consumers of that data.
The TRAC token is a means of compensation between a supply chain data provider, a data consumer on one side, and an OriginTrail node on the other. It supports nodes in the peer-to-peer network to perform system functions.
The current version of OriginTrail uses the Ethereum blockchain to provide a proof of concept (POC), Masternodes will participate in this project.
Features of OriginTrail
Data exchange standards: The OriginTrail platform architecture is compliant with globally recognized GS1 standards for supply chain management operations as well as consensus mechanisms proven in other blockchain platforms. In addition, the Anti-theft Blockchain structure of the OriginTrail platform also provides a layer of protection against data mutations.
Check out the consensus mechanism in the supply chain: To ensure data integrity, OriginTrail checks independently provided data in the supply chain by implementing consensus-checking algorithms combined with the use of zk-SNARKs for sensitive information cold.
OriginTrail seamless data sharing: The OriginTrail data layer relies on a hierarchical graph database for best-in-class flexibility, performance, scalability, and cost-effectiveness. It enables quick manipulation and simplification of complex decentralized supply chain data.
The OriginTrail development team consists of computer programmers, data scientists, and R&D researchers with many years of experience. Here are the main members of the project:
Tomaž Levak: Founder and CEO of OriginTrail, he was previously the project manager of Monada doo; Organizational advisor to the Kuwait Shooting Federation and coordinator of the Social incubatorl project.
Siga Drev: His role at OriginTrail is to manage stakeholders in complex supply chain settings in Europe and Asia. At the same time, he also holds the role of Managing Director of OriginTrail in Asia. Besides, he is also a speaker at international conferences and holds a master’s degree from the Faculty of Economics of the University of Ljubljana.
Branimir Rakic: Technical Director at OriginTrail. Previously, he was a lecturer at SAE Academy and a network test engineer at P3 communications.
OriginTrail is not just a company but also an ecosystem. It is a token-based economy that has a direct relationship between users and network nodes, which eliminates unnecessary fees. To achieve stability, the system must own a large number of users. Fortunately, they have installed Masternodes, which many investors love.
OriginTrail enables seamless data sharing along any supply chain. Decentralized network protocols and blockchain support help ensure reliability, transparency, and security. In addition, it helps companies to exchange data seamlessly and securely to build and protect their brand more and more effectively. The Token Creation event will enable the development of the OriginTrail decentralized network to scale and apply to any product supply chain.
You can view TRAC prices here.
According to AZCoin News
Follow the Twitter page | Subscribe to Telegram channel | Follow the Facebook page