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OriginTrail (TRAC) Market Value, News

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What is OriginTrail (TRAC)?

OriginTrail (TRAC) is a decentralized blockchain project that focuses on data sharing in supply chains. It was founded in 2013 by Žiga Drev, Tomaž Levak, and Branimir Rakić in Slovenia. The team behind OriginTrail aims to create a global decentralized network of supply chain data that is trustworthy, interoperable, and scalable.

OriginTrail (TRAC) is a decentralized network for supply chain management. It is designed to provide transparency and efficiency in supply chains by using blockchain technology. OriginTrail is a project of Trace Labs, a company founded in 2011 in Slovenia. Trace Labs is focused on supply chain management, and the company has received funding from various sources, including the European Commission.

History

OriginTrail was launched in 2017 as an ERC-20 token on the Ethereum network. The initial coin offering (ICO) of OriginTrail was held in January 2018, and the project raised $22.5 million in funding. In March 2021, the project migrated to its own blockchain, called the OriginTrail Decentralized Network (ODN).

Purpose

The purpose of OriginTrail is to improve supply chain management by creating a decentralized and trustless network. The platform aims to provide a secure, transparent, and efficient way to manage the supply chain by using blockchain technology. With OriginTrail, businesses can track their products from the source to the end consumer, ensuring that the product is genuine and has not been tampered with.

Founder

OriginTrail was founded by Tomaž Levak and Žiga Drev, who are also the co-founders of Trace Labs. Levak serves as the CEO of the project, and Drev is the Chief Product Officer.

Technology

OriginTrail uses a blockchain-based solution for supply chain management. The platform is built on a decentralized network, where each node in the network verifies and stores data. This ensures that the data is secure and cannot be tampered with.

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OriginTrail uses a unique protocol called the “Graph Chain,” which is a directed acyclic graph (DAG) technology. The Graph Chain allows for faster transactions and lower fees compared to traditional blockchain technology.

The platform also utilizes smart contracts, which allow for automated and self-executing transactions. This eliminates the need for intermediaries, reducing costs and increasing efficiency.

Benefits

OriginTrail offers several benefits for supply chain management, including:

  1. Transparency: The platform provides transparency in the supply chain, allowing businesses to track their products from the source to the end consumer.
  2. Efficiency: OriginTrail’s decentralized network allows for faster and more efficient supply chain management, reducing costs and increasing productivity.
  3. Security: The platform ensures that the data in the supply chain is secure and tamper-proof, reducing the risk of fraud and counterfeiting.
  4. Decentralization: OriginTrail’s decentralized network eliminates the need for intermediaries, reducing costs and increasing efficiency.

Drawbacks

OriginTrail faces some challenges, such as:

  1. Adoption: Adoption of blockchain-based solutions in supply chain management is still low, which may limit the growth of OriginTrail.
  2. Competition: OriginTrail faces competition from other blockchain-based supply chain management solutions.
  3. Regulation: The regulatory environment for blockchain-based solutions is still evolving, which may create uncertainty for businesses looking to use OriginTrail.

Conclusion

OriginTrail is a decentralized network for supply chain management that aims to provide transparency, efficiency, and security in the supply chain. The platform uses blockchain technology and smart contracts to create a decentralized and trustless network. While OriginTrail faces some challenges, such as adoption and competition, the platform has the potential to transform supply chain management and increase efficiency and transparency.

OriginTrail (TRAC) Price Forecast – 2023, 2025, 2030

2023: $0.70 – $1.20 OriginTrail’s price has had a steady growth pattern since its inception, and we can expect this trend to continue into 2023. We predict that by the end of 2023, the price of TRAC will range between $0.70 to $1.20, assuming there are no significant market disruptions or regulatory changes.. Read More

How To Buy OriginTrail (TRAC)

Do you want to plunge into the world of cryptocurrencies and know where to buy How To OriginTrail (TRAC) Price The largest exchanges currently trading with OriginTrail (TRAC) Price Kucoin , Gate.io  Binance and . You can find other exchanges that make listings.

About OriginTrail (TRAC)

Contract
0xaa7a9ca87d3694b5755f213b5d04094b8d0f0a6f
Websitehttps://origintrail.io/
ExplorersEtherscan,ethplorer
CommunityTwitter facebook
API iddorigintrail

1 OriginTrail (TRAC) USDC (1 TRAC) to USD//Coin) Exchange Calculator

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