December 1st, 2017 – OriginTrail reforms the way how trust is built in supply chains by utilizing the blockchain technology. OriginTrail’s successful pilot project with the Chinese online food store Yimishiji was the winner of the Walmart Food Safety Collaboration Center’s Innovation Pipeline and admitted into the inaugural Walmart Food Innovation Program. The project was implemented to enhance transparency, safety, fairness, and trustworthiness in food supply chains by empowering customers to verify the traceability of every item sold online. The technology is gaining recognition from big players in EU, USA, and Asia, yet OriginTrail is aspired to stay true to
December 1st, 2017 – OriginTrail reforms the way how trust is built in supply chains by utilizing the blockchain technology. OriginTrail’s successful pilot project with the Chinese online food store Yimishiji was the winner of the Walmart Food Safety Collaboration Center’s Innovation Pipeline and admitted into the inaugural Walmart Food Innovation Program. The project was implemented to enhance transparency, safety, fairness, and trustworthiness in food supply chains by empowering customers to verify the traceability of every item sold online. The technology is gaining recognition from big players in EU, USA, and Asia, yet OriginTrail is aspired to stay true to decentralization mission of building cross-organizational traceability and announced a token crowdsale that begins in January.
“Our vision is to bring data integrity and transparency to supply chains worldwide. We are proud that our innovative, blockchain-based traceability solution was recognized by Walmart, where they share our vision for transparent supply chains as a precondition for food safety. OriginTrail helps to ensure a safe choice for consumers and at the same time protects brands.” said Tomaz Levak, co-founder and CEO of OriginTrail, a European company that developed the namesake solution.
OriginTrail is a unique protocol enabling IT providers in the supply chain industry quick implementation of blockchain-supported data sharing in multi-organizational environments. It increases the integrity of data by performing consensus checks and safely storing fingerprints of data on immutable blockchain ledgers.“We are currently implementing three other use cases in China, all focused on food supply chains, that will help producers verify the provenance, authenticity, and journey of their quality products.” explained Ziga Drev, co-founder and COO who is managing operations in Shanghai, China.
The first version of OriginTrail is currently in use in the food industry, with the upcoming open source version being applicable to any product supply chain. A peer-to-peer network that helps reduce information gaps within a supply chain enables further development of decentralized apps for inventory management, supply chain optimization, compliance, certifications, and much more. The protocol is supporting GS1 global standards for data exchange and can include Internet-of-Things data.
The team that has previous experience in supply chains traceability and data interoperability projects is planning a token crowdsale starting in January. It will lead to the development of a decentralized network and a plug-and-play solution, suitable for all product supply chains, based on a mission to bring interoperability and information integrity to the fragmented supply chain world.
Token presale will start on January 15th, 2018. It will be immediately followed by the crowdsale which will begin on January 29th and will last until February 12th, 2018. Token sale will be implemented through a smart contract on the Ethereum blockchain. Token sale will be successful if OriginTrail raises at least USD 5 million, and the hard cap is set at USD 22.5 million.
Founders Tomaž Levak (CEO), Žiga Drev (COO), and Branimir Rakić (CTO) are available for an interview.
The White Paper is available on our website: https://origintrail.io/token-sale/
Project overview: https://origintrail.io/wp-content/uploads/2017/10/OriginTrail-Overview.pdf
Explanatory video: https://vimeo.com/233912879
Media kit: https://drive.google.com/drive/folders/1ln_74EAxIRFZ1oiIKQMIB1aMjIkEXon0
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