Buy OriginTrail (TRAC)

We live in an era where data is omnipresent. Advanced technologies simplify daily life, and more systems support complex processes. While we gather more data, a crucial aspect often remains overlooked: transparency about product origin. Origin Trail is an innovative company using blockchain technology to trace product origins. The enterprise has its own cryptocurrency named Origin Trail (TRAC), designed to make supply chains more efficient and transparent.

Almost everyone has a smartphone these days, however this device's background is often a mystery. The average smartphone owner has no idea in which factory the phone was assembled or what raw materials were used in the manufacturing process. Origin Trail (TRAC) visualizes the origin of products we use in everyday life. Even the journey a smartphone has taken can now be traced.

Who founded Origin Trail?

In 2016, Branimir Rakić, Tomaž Levak, and Žiga Drev came together to discuss issues within supply chains, such as the lack of interoperability and mutual trust. The trio worked on a brand-new concept: a decentralized solution using blockchain technology for supply chain data. In other words, data from supply chains. This led to the idea for Origin Trail (TRAC). The platform launched successfully, raising millions during its ICO in 2017.

The founders of the traceability platform continue to work daily on development and innovation. In 2020, Origin Trail participated in the European Union's ‘Horizon’ program. It engaged in experiments related to the circular economy, smart agriculture, and food safety. Levak is currently the CEO of Origin Trail, Drev serves as COO, and Rakíc holds the position of CTO.

Consumers today have access to a vast amount of data, yet insights are lacking in certain areas. Origin Trail aims to solve this problem by making information visible in an intelligent way. Acquiring data about supply chains is just one of the platform's applications. You can also use it to:

• Gain insight as a consumer into the origin of products.
• Enhance supply chain transparency and reliability as a company.
• Demonstrate to customers that products are produced ethically and sustainably as a business.
• Develop applications as a software developer that visualize supply chain data.

Origin Trail (TRAC) utilizes a blockchain protocol that enables the sharing of crucial data within supply chains. Blockchain is a network that stores various types of data. At Origin Trail, it involves information about companies' products and processes.

Blockchain ensures that all transactions are traceable. This significantly increases transparency. Additionally, data stored in the network is immutable and tamper-proof, reducing the risk of fraud, plus blockchain is open-source, allowing for product traceability on a much larger scale.

The blockchain protocol is 'off-chain' and 'peer-to-peer', meaning it efficiently connects with logistics databases and other existing systems. Sharing valuable data and integration with other systems provides detailed information for suppliers, manufacturers, and consumers alike.

Imagine standing in the supermarket and seeing a bunch of bananas. Be honest: do you know where they come from? And have the producers of this fruit been fairly paid? By gaining more insight into the supply chain, you can make an informed choice as a consumer. Additionally, there's much more transparency when it comes to the production of food, goods, and clothing.

Exchanging data using DKG technology

Origin Trail combines blockchain technology with the Decentralized Knowledge Graph (DKG) technology. It's not only public but also enables businesses and systems to exchange data. Data within the network are interconnected, and users and applications can search and verify them.

Origin Trail has its own ERC-20 token that is suitable for various purposes, and this is TRAC. This token can be used for payments, crypto trading, and data verification. The last function is important because providing clarity about the origin of product data forms the foundation of Origin Trail.

Making data transparent is not the only user function of TRAC. It also ensures that DKG operates flawlessly. Every user who wants to publish or request data must pay TRAC to the so-called ‘node runners’, who are responsible, among other things, for storage.

TRAC also contributes to the security of the network. It is used for verification to prevent duplicate data, token-holder voting rights, data management, and storage and blockchain audits.

Origin Trail (TRAC) has several features that give it a unique position in the business world and crypto sector, including the following:

• Multiple practical applications: Think, for example, of workplace conditions oversight, fraud prevention, and transparency in data exchange.
• Is used across various sectors: Companies from different industries use Origin Trail, such as the food industry and retail sector.
• Combines blockchain with DKG: This is a decentralized database where digital certificates of companies are stored.
• Makes data exchange easier than ever: Companies, agencies, and institutions also share data with each other.
• Increased trust: It enhances trust in typically complex supply chains.
• Better discoverability: It improves the discoverability of data and knowledge of businesses, institutions, and organizations.

Bitvavo is a platform for buying Origin Trail (TRAC). Whether you're a beginner or an experienced trader , this step-by-step guide lets you purchase TRAC tokens on our website or through our mobile app:

1. Create an account or log in.
2. Add funds by clicking "Deposit".
3. Check the current TRAC price on the sales page.
4. Enter the desired amount in euros or number of tokens and click "Buy".

Securely storing TRAC is incredibly important. Bitvavo protects your valuable funds by keeping the majority offline in cold storage. For added security, you can enable two-factor authentication (2FA).

Setting up 2FA is simple: use an app like Google Authenticator, link it to your account, and receive a unique code with each login attempt. Alongside your password, this provides an additional security layer that keeps cybercriminals at bay.