BlockchainGlobal StandardsICOSupply Chain Management

Global Supply Chain Blockchain Solution from OriginTrail

OriginTrail, a European IT company known for traceability solutions, has developed a blockchain protocol that is purpose-built for data exchange between organizations involved with the supply chain. It has announced a token sale to start in January to help make decentralized data exchange available to every organization. In creating this solution, OriginTrail aims to makes blockchain-supported data operations fast and cost-efficient, and address the $525 billion world supply chain market.

A decentralized off-chain peer-to-peer network that safely combines supply chain data from different IT systems, OriginTrail’s protocol could connect any blockchain and any company IT system, to lower adoption barrier, and stores only fingerprints of data on a blockchain. Original data is kept encrypted on a decentralized network, which enables development of decentralized apps on top of it. The protocol is supporting GS1 global standards for data exchange and can include Internet-of-Things data.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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