7 Reasons OriginTrail Is Worth Keeping An Eye OnOriginTrail is a decentralized, trustless, blockchain-based protocol designed to share, upload, and store data. OriginTrail (or TRAC) is built on industry standards for data sharing, like GS1 and IoT. These standards allow businesses to share information between supply chains, organizations, and customers.
Data-sharing standards like GS1 “form a business language that identifies, captures and shares key information about products, locations, assets and more.” The TRAC protocol can be used to create a “peer-to-peer network” of data. This data can then be accessed to increase the quality and safety of a product for both customers and business owners.
Currently, supply chain data is locked up in centralized “data silos,” due to security issues and lack of a protocol which can share information between networks. In this state, data cannot be freely shared or used! Unlocking this data with a protocol like TRAC will allow it to optimize a product’s entire production cycle.
Many industries will benefit from TRAC’s improvements to the supply chain. These industries include the automotive, pharmaceutical, food services industries, among others. Here we take a look at just a few of the reasons why OriginTrail is worth following.
https://www.investinblockchain.com/why-origintrail/
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