OriginTrail Develops First Blockchain Protocol for Food Supply Chain
OriginTrail, a European IT company known for its traceability solutions, announced last month its development of the first blockchain protocol that is purpose-built for data exchange between organizations along the supply chain. The company will launch a token sale, or initial coin offering (ICO), this month with a mission to make decentralized data exchange available to every organization and enable mass adoption to increase trust and efficiencies on a global scale.
OriginTrail offers a decentralized, off-blockchain network, purpose-built for the needs of supply chains. It makes blockchain-supported data operations fast and cost-efficient, and addresses the $525 billion world supply chain market.