OriginTrail

What is OriginTrail?

OriginTrail, a pioneering protocol solution, facilitates the seamless integration of blockchain-supported data sharing within supply chains, empowering IT providers to transcend the conventional "one step down, one step up" model. This protocol plays a pivotal role in instilling transparency and traceability, shielding brands from fraudulent activities and enhancing operational efficiencies for all stakeholders involved.

OriginTrail empowers developers to create diverse supply chain applications by ensuring:

• Automatic Data Connection and Interoperability: Facilitating seamless data exchange among IT systems in multi-organization supply chains, incorporating consensus mechanisms to ensure data integrity.
• Decentralized Solution for Performance: Addressing performance, cost, and scalability challenges through a public decentralized system tailored for supply chain data based on blockchain.
• Applications and Value Proposition: OriginTrail caters to third-party technology providers and in-house supply chain technology teams, offering value in applications such as: product authentication, product authentication, supply chain mapping and optimization, customs, audit, and regulations process optimization...

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Recent Video Interview

Main points of the interview:

• Zigger discussed his journey into distributed ledger technology and developing OriginTrail.
• The evolution from centralized to decentralized solutions for supply chain transparency.
• The significance of decentralized knowledge graphs for democratizing data access.
• How decentralized knowledge graphs can benefit supply chains, AI, and intellectual property protection.

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TRAC Token

The Trace token serves as compensation between supply chain data producers, data consumers, and OriginTrail node holders. This incentivizes nodes in the peer-to-peer network to perform system functionalities, ensuring the smooth operation of the decentralized network.

Exchange Data Sets and Data Consensus Check

The OriginTrail protocol facilitates the exchange of diverse data sets among multi-organization supply chains, ensuring data quality and integrity based on common data standards. This includes data categories like Master Data, Transaction Data, and Visibility Data.

Data Consensus Check: ensuring trustworthiness through a comprehensive consensus check process, OriginTrail verifies data provided by different stakeholders. The process involves approval by previous and following supply chain stakeholders, dynamic batch information matching, and validation by auditing and compliance organizations.

OriginTrail Team Background and Partners

OriginTrail was founded by Žiga Drev, Tomaž Levak, and Branimir Rakić, with the primary objective of developing and implementing OriginTrail technology. Their vision centered around creating a decentralized knowledge graph and infrastructure that could be widely utilized by enterprises and customers globally. Among the current adopters of OriginTrail are prominent entities such as the British Standards Institution (BSI), Supplier Compliance Audit Network (SCAN), Swiss Federal Railways (SBB), World Federation of Hemophilia (WFH), as well as various EU and UK government projects.

OriginTrail's partners and supporters: BSI, Parity, Walmart, Scan, Polkadot, WFH, Google, Oracle, and NGI.

OriginTrail Project Development

The latest completed phase in OriginTrail's roadmap is the Turing Phase, named in honor of computer science pioneer Alan Turing. It introduces the V6 Decentralized Knowledge Graph (DKG V6). This innovative framework leverages Knowledge Assets to elevate information discovery, ownership, and verifiability. These advancements bring significant value to sectors such as supply chains and healthcare. OriginTrail presents ChatDKG, an AI framework grounded in trusted knowledge. It addresses the shortcomings of generative AI models like ChatGPT by ensuring verifiable origin and a trusted trail of information. Initially launched on OriginTrail's dedicated blockchain, the OriginTrail Parachain, the V6 DKG is designed to facilitate expansion to other EVM blockchains.

OriginTrail Price Analysis

As of November 24 2024 OriginTrail has a marketcap of $364M. This is {{percentagefromath}} from its all time high of $3.50. In terms of its tokenomics, there's a total supply of 500M with 81% currently outstanding. Keep in mind OriginTrail has a fully diluted value of $448M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.