ERC20 Token

OriginTrail (TRAC)

OriginTrail is the first purpose-built protocol for supply chain based on the blockchain. Trace (TRAC) is a utility token that enables data operations on the OriginTrail Decentralized Network.

OriginTrail enables seamless and automatic data connection and interoperability between IT systems of different stakeholders in multi organisation supply chains with consensus mechanisms for ensuring integrity of data.

OriginTrail protocol runs on an off-chain decentralized peer to peer network, called the OriginTrail Decentralized Network (ODN). It enables peers on the network to negotiate services, transfer, process and retrieve data, verify it’s integrity and availability and reimburse the provider nodes. This solution minimizes the amount of data stored on the blockchain in order to reduce cost and inefficiency.

“Blockchain technology has huge potential to decentralize trust in supply chains and bring enormous benefits. To unlock this potential OriginTrail protocol was designed to tackle the prime challenges limiting the exchange and integrity of data in product supply chains. With supply chain data getting increasingly fragmented as well as the poor scalability and cost effectiveness of current decentralized solutions, the need for OriginTrail becomes evident. OriginTrail is a unique protocol enabling IT providers in the supply chain industry quick implementation of blockchain supported data sharing in multi-organizational environments. ”