OriginTrail TRAC coin is the native token of the OriginTrail decentralized network. Origin protocol is a blockchain technology working to revamp global supply chains. The OriginTrail Decentralized Network (ODN) is built for data integrity and validation in inter-organizational environments, based on globally recognized standards and magnificent graph data structures.
Supply chain refers to the different stages entailed in producing goods and transferring them to the point of sale. The steps that are involved in the transfer of goods to a consumer can be surprinsginly inefficient with preserving the data of the entire supply chain, and this may lead to fraudulent behaviour. OriginTrail permits IT providers to set all their information on the blockchain to be quickly analyzed and share for a proper supply chain.
OriginTrail (TRAC) Token
OriginTrail TRAC coin is used to run the entire chain supply system or the OriginTrail ecosystem, and also the cryptocurrency of OriginTrail, the TRAC coin. The ecosystem has a network of nodes running OriginTrail software client. The token serves as a means of compensation to the supply chain data producer and the data consumer and also to the token holders as well, as it can be traded.
The TRAC Token is used as a means of compensation and also to holders; the tokens can be traded on Etherdelta, IDEX, HitBTC, Gatecoin, and CoinFalcon.
The OriginTrain team consists of individuals of ambitious leaders who have multi-year experience in significant technical and IT projects. This has aided the great innovation that trails the OriginTrail ecosystem, and has produced an extensive roadmap for the company’s vision.
Features of the OriginTrail Decentralized Network
The OriginTrail decentralized network contains; Application Layer, ODN Data layer, ODN Network layer, and the Blockchain layer.
The application layer provides integration for a broad ecosystem of the supply chain. The decentralized application increases the efficacy and the integrity of the supply chain in all fields.
The ODN Data Layer is a data graph base that sets connection across the supply chain. Sensitive data is protected, and interoperability is enabled by a global standard for data exchange.
ODN Network layer improves scalability through its offline blockchain network. It is a decentralized network of nodes that enables Blockchain like features for the supply chain.
Blockchain layer enables the OriginTrail ecosystem with other blockchain and allows flexibility and longevity.
The OriginTrail ecosystem has gone into partnership with many firms in Europe, America, and Asia, as its adoption grows.
Safety and revamping the supply chain in the food industry are two main goals that the OriginTrail team is working toward, and using the TRAC coin to help propel that mission.
Photo courtesy of OriginTrail