Blockchain-Based Solutions for the Supply Chain

The benefits of the blockchain are numerous. It is traceable, verifiable and immutable. All of these things are also incredibly useful in one particular industry – supply chain and distribution.

The blockchain allows for much more thorough, traceable and secure record across the whole supply chain and distribution network. This has the possibility to not only save money but also increase safety and efficiency of the network. Customers also benefit from the added transparency it provides. It is understandable then that there are numerous examples of projects seeking to use blockchain technology to revolutionize the industry.

OriginTrail

OriginTrail is a blockchain-based global data exchange protocol that works to connect all stakeholders in the supply chain. The data exchange protocol builds a seamless connection between businesses to ensure all information is connected and spread efficiently, securely and reliably.

The project was created to solve the problem that people are not sure on the origin or authenticity of the products they buy. There were limited resources available to check this information with a more limited scope. OriginTrail was created to provide this service securely using the established GS1 barcode standards alongside blockchain.

The Team

The founders of OriginTrail all hold relevant history in the supply chain management and technology space. These experiences are global, providing them insight to the supply chain in different regions of the world. They each show a keen interest in the blockchain and its potential applications in the supply chain which brought about the project.

There are nine advisors in total for the project. These advisors support the founders, coming from a range of industries relevant to the supply chain process and blockchain technology. Each of them has their own varied background and solid experience, enabling them to provide valuable insight into the different ways the technology can be applied.

The platform is fairly active on social media to provide the latest updates and receive feedback from the community. The project has also won several awards and recognitions.

Partnerships

Securing partnerships can significantly strengthen a project and build legitimacy. OriginTrail has partnered with several entities to better their service. Most notably, they have partnered with GS1 to ensure the globally held standard is maintained to ensure consistency and compatibility of data.

EVRYTHNG is another key partner. With the help of EVRYTHNG’s IoT technology and real-time data management capabilities, OriginTrail can bolster its traceability and verifiable blockchain solution.

They are also partnered with several logistic companies and food producers to strengthen their network and work closely. These include Source Certain, Zelene Doline, BTC Logistic Center, and TAGIT Smart.

TRAC Tokens

TRAC, a tokenization of OriginTrail’s data exchange and supply chain processing functionality, is a utility token based on the ER20 standard. The Trace token is a key element of their ecosystem. It enables users to take part in data operations on the ODN (OriginTrail Decentralized Network).

Its primary purpose is as a medium of exchange for transactions on the ODN. It incentivizes nodes in the peer to peer network that run the OriginTrail software to perform the system functionalities, compensation for the associated costs. Anyone can run these nodes to help with scalability, though now the system is in the testing phase. With the provided instructions and resources, node runners can learn and prepare for the launch of the mainnet in Q1 2019.

The first stage of the mainnet release begins with Vostok, placing TRAC tokens into real market conditions before the fully implemented launch of the mainnet culminates in the Freedom stage.

OriginTrail has a market cap of $6,673,541 USD.

Website: https://origintrail.io/

Whitepaper: https://origintrail.io/storage/documents/OriginTrail-White-Paper.pdf

Telegram Community: https://t.me/origintrail

TE-Food

TE-Food is a blockchain-based decentralized produce and livestock tracing ecosystem. The purpose of the ecosystem is to provide verifiable and traceable supply chain information for both businesses and consumers in the food vertical. It begins tracking from the farm all the way to the table, recording the quality, background, and distribution of the food.

Their ecosystem focuses solely on the food industry, allowing them to focus and tailor the project specifically for their needs. Seeing the range of issues present in the industry including compliance with import regulations, mitigation of the risk of outbreaks, and making the supply chain more transparent, TE-Food saw the opportunity to improve the process for all involved.

The Team

TE-Food is a joint project of a Hungarian and Vietnamese company. The leaders of the company have over 20 years in business and IT, a promising sign for the project. The 30 strong team consists of experts from the food industry, blockchain and software development, and infrastructure engineers. It is very balanced and provides different perspectives from relevant industries. Along with news coverage and an established, working product, the team appears very competent and capable of building the project further as planned.

Partnerships

TE-Food have been able to partner with some key players. For instance, they have partnered with Zalo, one of the most popular messaging services in Vietnam. Scanning of QR codes can be made through the app, meaning the company has access to a massive user base already, so users will not need to download a separate app to view the history of a product.

They have also partnered with GS1 to ensure they maintain and comply with GS1 standards of business communications. This allows TE-Food to be compatible with the global standard of barcodes.

Unisto is also partnered with TE-Food. Unisto manufacture high-quality security seals that can be used in the supply chain.

As far as the cryptosphere goes, Tomochain has also partnered with this project. This partnership will explore the possibility of jointly building the ecosystem for TE-Food on Tomochain infrastructure in the long term.

They have also been able to secure notable clients such as BigC, Aeon and Vinmart.

Details: http://bit.do/eDPvB

#Supplychian #Blockchain #Crypto