OriginTrail

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Re: [ANN][TGE] OriginTrail (TRAC) - First Purpose-Built Protocol for Supply Chains November 22, 2017, 09:56:34 AM #5 Quote from: xelle3000 on November 21, 2017, 12:08:04 PM Hi, just registered because of this project, because I have been following it for couple of weeks.



Why exactly is it reasonable to participate in ICO? What would I gain by holding TRACE tokens bought at an ICO price?



Thanks for your support!



TRACE is a utility token that will be required for any use of the protocol (adding data to it or reading from it). The most important function of the token itself is therefore to be used in the ecosystem. Because Trace is limited in number, higher demand for it driven by the users of the protocol will increase its value. A model showing the demand based on certain usage phases will be released in the next weeks for the community to see.



Quote from: xelle3000 on November 21, 2017, 12:08:04 PM How does OriginTrail differ from similiar projects that address supply chain traceability issues through blockchain (Ambrosus, Modum etc.?).



OriginTrail protocol functions as a middleware built on top of different blockchain technologies on one side and applications for supply chains on the other. Our protocol adds to the blockchain layer through an off-chain decentralized network of nodes that provide an efficient way to store supply chain data and perform necessary data checks (consensus check between inputs of partners in supply chains, data replication checks, data quality checks involving a tailored zero-knowledge proof mechanism for sensitive data...). OriginTrail as a tailor-made protocol for supply chains therefore complements other platforms/blockchains/applications/hardware in the field by providing functionalities that currently dont exist and will make building transparency in supply chains easier for them.



The crucial bottlenecks OriginTrail will help others address are:

1) poor interoperability of data within supply chains (or even within one organisation);

2) inadequacies of blockchains to efficiently store highly interconnected data needed for supplychain;

3) issues with sensitive data that make companies more reluctant to share data.



Quote from: xelle3000 on November 21, 2017, 12:08:04 PM What is Walmart's role in all this?



Walmart has given us a great recognition by admitting us in their Innovation Pipeline. We were even more excited as our pilot project with Yimishiji (an online retailer) received a special Food Safety Award at the same time. In more tangible terms, being a part of this ecosystem will give us a chance to collaborate with other companies in the Pipeline and shape how food safety systems will look in the future. In the process, we will be working with a wide network of Retail & Logistics professionals from Walmart and beyond, with experience in implementation in global supply chains. We will shortly share more updates about this development.



Be sure to join us on Telegram to chat with the team: Thanks for your support!TRACE is a utility token that will be required for any use of the protocol (adding data to it or reading from it). The most important function of the token itself is therefore to be used in the ecosystem. Because Trace is limited in number, higher demand for it driven by the users of the protocol will increase its value. A model showing the demand based on certain usage phases will be released in the next weeks for the community to see.OriginTrail protocol functions as a middleware built on top of different blockchain technologies on one side and applications for supply chains on the other. Our protocol adds to the blockchain layer through an off-chain decentralized network of nodes that provide an efficient way to store supply chain data and perform necessary data checks (consensus check between inputs of partners in supply chains, data replication checks, data quality checks involving a tailored zero-knowledge proof mechanism for sensitive data...). OriginTrail as a tailor-made protocol for supply chains therefore complements other platforms/blockchains/applications/hardware in the field by providing functionalities that currently dont exist and will make building transparency in supply chains easier for them.The crucial bottlenecks OriginTrail will help others address are:1) poor interoperability of data within supply chains (or even within one organisation);2) inadequacies of blockchains to efficiently store highly interconnected data needed for supplychain;3) issues with sensitive data that make companies more reluctant to share data.Walmart has given us a great recognition by admitting us in their Innovation Pipeline. We were even more excited as our pilot project with Yimishiji (an online retailer) received a special Food Safety Award at the same time. In more tangible terms, being a part of this ecosystem will give us a chance to collaborate with other companies in the Pipeline and shape how food safety systems will look in the future. In the process, we will be working with a wide network of Retail & Logistics professionals from Walmart and beyond, with experience in implementation in global supply chains. We will shortly share more updates about this development.Be sure to join us on Telegram to chat with the team: http://bit.ly/OriginTrailTelegram