OriginTrail is developing the first purpose-built protocol for supply chains based on blockchain
Blockchain technology has huge potential to decentralize trust in supply chains and bring enormous benefits. To unlock this potential OriginTrail protocol was designed to tackle the prime challenges limiting the exchange and integrity of data in product supply chains. With supply chain data getting increasingly fragmented as well as the poor scalability and cost-effectiveness of current decentralized solutions, the need for OriginTrail becomes evident. 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 is a missing puzzle that helps build transparency beyond the “one step down, one step up” principle, increase the integrity of data and save money for stakeholders in supply chains. 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.
OriginTrail’s pilot project with the Chinese online organic food marketplace Yimishiji was awarded by Walmart Food Safety Collaboration Center in 2017 and admitted to its Innovation Pipeline.
Follow us on: