In the first quarter following our token generation event, OriginTrail made significant progress on all fronts. More than 120 companies are evaluating how to use the protocol in their existing business models, the community grew at a 3-digit growth rate, our dev team is among top 10 most active blockchain development teams in the world on GitHub, and the Trace token experienced a healthy and steady growth trend and is currently more than 350% above the token sale price in ETH. The all-time high value of the token was 0,4788 USD and 0,00040139 ETH.

As we are moving towards deploying the testnet in June and the mainnet in Q3, our team is delighted to present you with the first ever OriginTrail quarterly report. The quarterly reports will be published in addition to our monthly reports, which we are releasing by the 7th of every month.

As we already mentioned, this is OriginTrail’s first quarter following our token sale, which was completed on January 17th. We have chosen January 18th as the starting date for some of our benchmark metrics.

Business Development

The application side of the OriginTrail protocol is getting stronger with each development cycle. Since the completion of the token sale, many companies have started using the OriginTrail solution. The applicability of the protocol makes it widely available for different service verticals such as data integrity in supply chains, data ownership, trade finance, and compliance. These services can be applied in different industries. Due to the potential applicability in different industries, our advisory board welcomed a strong new addition, Mr. Andrew Webster, Partner at Jardine Llyod Thompson, who is helping us with business models from the financial services industry.

Scalability hub Trace Alliance members are actively working on the deployment of OriginTrail nodes on a trial basis to explore how the protocol could enhance the value proposition of their own business models. They are also developing tailored applications for third parties. Once we establish the Trace Alliance ecosystem, partners will be announced. We haven’t been holding still, though, as more than 120 interested companies have received implementation instructions and started exploring integration possibilities. These companies are spread over 30 countries. Most of the interest is coming from Europe (43%). A total of 24% of the companies wanting to explore OriginTrail are from Asia and 23% are from North America. Interest is getting stronger in Australia, with 7%, and OriginTrail is also becoming present in Africa.