What is the Origin Trail (TRAC)?

Bittime - Origin Trail (TRAC) is a platform that uses blockchain and decentralized knowledge graphs (DKG) to manage real-world asset data, improving the security and efficiency of supply chain logistics. For more details, see this article.

What is the Origin Trail (TRAC)?

Origin Trail is a platform that uses blockchain and technology known as decentralized knowledge graph (DKG) to manage data about real-world assets in the digital space. The goal of its ecosystem design is to increase the ability to discover important knowledge and assets that are shared around the world.

It was Origin Trail's initial goal to incorporate blockchain technology into supply chain logistics. Developers want to make Origin Trail a reliable supply chain hub that allows customers to share data, authenticate products, track products, and ensure operations remain secure. 

Origin Trail Future Prospects

Origin Trail is expected to be used as a way to digitize real-world assets (RWA) for uses such as validation, ownership transfer, or other purposes. Therefore, components similar to crypto projects such as VeChain (supply chain logistics) and Centrifuge (RWA tokenization), are praised by the Origin Trail platform. 

How did Origin Trail come about?

From 2017 to 2018, Žiga Drev, Tomaž Levak, and Branimir Rakić founded Origin Trail. The British Standards Institution (BSI), Supplier Compliance Audit Network (SCAN), Swiss Federal Railways (SBB), World Federation of Hemophilia (WFH), and government projects in the European Union and the United Kingdom have used Origin Trail in their efforts to build an enabling platform customers worldwide to manage data using DKG and blockchain technology.

Read Also: What Are Crypto Bubbles? Investors Must Know!

Who is Trace Labs?

Trace Labs is Origin Trail's open source technology core development company based in Hong Kong. The company also received the Walmart Food Safety Innovation Spark Award and was accepted into the Walmart Food Safety Collaboration Center Innovation Program in China.

How Does Origin Trail Work?

Layer 1 of the Origin Trail consensus layer blockchain determines the validity of the system. Origin Trail started using it on Ethereum, but now also uses it on Gnosis and Polygon. Additionally, Origin Trail developed a Polkadot parachain with its own token, OTP, which functions as a layer 1 blockchain to ensure its functionality.

Layer 2 Origin Trail is provided by the Decentralized Knowledge Graph (DKG). Layer 2 is supported by a network of nodes called the Origin Trail Centralized Network (ODN). This network of nodes operates off-chain, meaning they process data separately from blockchain transactions and then communicate their actions back to blockchain layer 1. This network of nodes communicates with each other without permission within the network, and they are rewarded with crypto assets (T tokens ).

How are TRAC Tokens Used?

Origin Trails DKG fuel is Trace Token (TRAC). TRAC encourages use of the Origin Trail protocol and supports certain operations on the platform. In 2018, TRAC was first launched as an ERC-20 token on the Ethereum blockchain. One of the main benefits of TRAC includes:

• Pay the fees required to publish and update Knowledge Assets.

• To increase the likelihood of receiving compensation for ownership of selected knowledge assets, provide collateral on DKG nodes also known as staking or delegating.

• Value transferred.

Conclusion

Origin Trail (TRAC) is a platform that leverages decentralized knowledge graphs (DKG) and blockchain to manage real-world asset data. The platform developed by Žiga Drev, Tomaž Levak and Branimir Rakić digitizes assets for validation and ownership transfer and improves the efficiency and security of supply chain logistics.

Origin Trail has a two-layer architecture. Layer 1 is responsible for system validity, and layer 2 is responsible for the Origin Trail Centralized Network (ODN). Publication fees, staking on DKG nodes, and value transfer are carried out with TRAC tokens. Origin Trail has the potential to become a trusted logistics and asset digitization center in the future with support from various large institutions and innovation awards.

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