Coin Review - ORIGIN TRAIL (TRAC)
TLDR
**Allows for more efficient supply management
**Businesses can track products from manufacturer to consumer
**Immutable ledger provides on chain auditing
**Reduces overhead required for auditing and supply management
**Nodes can earn staking rewards for securing the network
**120+ companies ready for launch trial
www.origintrail.io
Ticker – TRAC
Available at www.ethershift.co - IDEX- KU
What is OriginTrail?
OriginTrail (TRAC) is a blockchain based supply chain network. It allows for companies to share data with different facets of their company or their partners every step of the way through the supply chain. Blockchain technology will allow for companies to trace their products from the manufacturer to the consumer, and it will give them the ability to do it more efficiently. This process preserves the integrity of products, lowers overhead costs, and it also helps to avoid product being lost in transit, a major pain point for any business that imports or ships goods.
Despite the computer revolution and all our devices being connected, logistics is still very disorganized. Proper auditing of merchandise and supply chains costs companies a lot of money and time. A blockchain solution could not only create a more efficient and transparent log to keep track of shipments, but it could also be used as an auditing tool. Since the ledger is immutable, it would be useful for everything from insurance to calculating taxes.
Users who wish to utilize the platform must run their own nodes in order to do so. This not only creates a decentralized network, but it also allows for the costs to host the network itself to reduce to essentially zero. This is what gives the blockchain the ability to provide accounting of merchandise and auditing with low overhead. Technology such as this could potentially save companies millions of dollars per year. By operating nodes and staking coins, investors will be able to earn additional tokens for their work in verifying transactions, however the actual numbers for this have not yet been released.
As for the token itself, we have established that it has a use case in the running of nodes, and it will also be used to request information on the blockchain. The circulating supply of this asset will be capped at 500 million. As there will never be anymore tokens, this could place TRAC at an appealing price point in the near future.
Their product has an excellent use case, the blockchain seems made for the type of work that this platform will be enabling. They are almost ready to launch their test net, and the first projects will be able to begin using their platform. They have lined up over 120 companies in 30 countries to trial run their product. The team also continues to work on adding these valuable partnerships and spreading the word about their product. This little known, but exciting blockchain company is likely to attract a lot more attention in the coming months after investors get a taste of their platform. They offer a very interesting project that is worth exploring. I personally bought TRAC a few months ago and plan in holding it for a while and seeing what happens.
