What is OriginTrail?
With supply chains being on the rise, OriginTrail has become the first data exchange platform designed to help support and improve its efficiency and distribution.
Valuable data has been made accessible through OriginTrail for those that are part of a supply chain. With OriginTrail, there is cost reduction, reduced margin for error and fast delivery times. Besides that, any consumer that wishes to know the origin of any item could check for validity through their unique authentication feature. This tremendously helps to limit the risk of them purchasing any counterfeit goods.
People would invest in OriginTrail as it ensures that there is transparency, security and trust as it helps companies exchange data in a very secure manner. It might seem miniscule but this helps companies protect their brands, boost accountability and increase productivity.
The blockchain network is mainly geared toward developers that are creating supply chains, software companies and any in house supply chain technology groups. It’s apparent that these are the teams that may benefit from this exchange of data as it will help in the optimization of supply chain efficiencies and in return enforce quality assurance processes.
There are a total of 500 million TRAC coins with 268 million already in supply.