OriginTrail (TRAC) Review
Trace Labs is a core technology builder of the open source OriginTrail defi token protocol for inter-organizational data exchange. We are enabling businesses to harness the value of interconnected data and solve their business challenges with trusted network applications. With the Network Operating System (nOS) powered by OriginTrail defi token, Trace Labs is presenting user communities of the OriginTrail defi token protocol with a bundle of enterprise applications, focusing on quick implementation, great user experience, and interoperability with legacy systems.
With the globalization of trade there is increasing complexity in supply chains. This, in turn,
increases the amount of information asymmetry – such that information is unevenly
distributed among participating stakeholders within a supply chain. When participating
stakeholders have misaligned incentives, such as the case in which participating stakeholders are different companies, there is no incentive to provide complete information which contributes further to information asymmetry. As a result, end-buyers of products have no economical way of authenticating what they are purchasing, which creates ideal conditions for moral hazard and fraudulent behavior.
Manifestations of such phenomena are the flood of counterfeit goods in the market (e.g.,
US$200 billion in cost to legitimate businesses in the United States ), safety issues, 2
violations of labor standards, just to name few. Stakeholders at greatest risk are end-buyers, consumers, the environment, workers and companies involved in sustainable production and honest practices
|OriginTrail Price||$0.136420 USD|
|Market Cap||$43,689,202 USD|
|Circulating Supply||320,255,343 TRAC|
More about OriginTrail (TRAC):
If you take a quick look around your office or home,there is a very high probability that most of the objects surrounding you came through some form of regional, national or global supply chain. The fact that you have very little information with regards to how those products made their way to you is just one of the signs that supply chains are facing more pressure to be transparent.. And most of those issues boil down to a very limited ability to share data along the entire supply chain.
OriginTrail defi token changes that with a decentralized protocol that is tailor made for sharing supply
chain data based on blockchain. This brings a profoundly new way of building transparency
in supply chains. OriginTrail defi token uses Blockchain and builds on well established industry
standards from GS1 and provides a necessary foundation to build new value – increased trust, optimised supply chain efficiencies, automated compliance and enforce quality assurance processes.
Using OriginTrail, all stakeholders can securely share their data and keep sensitive data fully encrypted at all times. By supporting global standards for data exchange (GS1, IoT,
compliance standards), OriginTrail assures compatibility with existing ERP systems, making
implementation process quick and efficient. Finally, it is fully decentralised. It removes the
possibility of collusions and introduces full accountability for the data provided.
OriginTrail is not a company, it is an ecosystem. It’s based on token economy with direct
relations between users and network nodes free of arbitrary fees. Contribution to OriginTrail ecosystem is a pledge towards more transparent, collaborative, fair and trusted supply chains.
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OriginTrail (TRAC) Scam or Not?
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