Hype rating: 69
Description: Protocol for supply chains based on blockchain. The decentralized, blockchain-supported network protocol ensures trust, transparency, and security.
Start of ICO Pre-sale 15.01.2018 End of ICO Pre-sale 15.01.2018 Hard cap $22,500,000 Raised $22,500,000 (100.0%) Token Sale Price $0.10000 Whitelist / KYC /
|Market cap||Volume (24h)||Circulating Supply||Total supply||Return|
|$9,341,746.00||€8,148,058.00||¥64,558,679.00||$22,329.37||€19,476.13||¥127,705.83||277,941,996.00 TRAC||500,000,000.00 TRAC||x 0.34|
The young team receives a high rating as the company was founded in 2013, and already has a good track record. It partnered with leading Slovenian food producing companies such as Zelene Doline and Perutnina Ptuj, and the consumers can already trace the origin of their food products through a mobile app (Android and iOS). It also partnered with Chinese online organic food retailer Yimishiyi and recently received Walmart’s Food Safety Innovation Spark Award.
Blockchain application in food safety and supply chains has major potential, but a lot of competitors are trying to achieve the same thing.
Origin Trail app can already be used to track food products from certain partners. The current version of OriginTrail utilizes Ethereum blockchain to provide proof of concept and initial implementation, the fully developed solution will provide interfaces to many different blockchains. OriginTrail Decentralized Network Launch is scheduled for Q3 2018, while test version is coming out in Q2.
Business model relationship and value flow:
The value of tokens is inside the Origin Trail network and there are no mentions of them being able to do anything else outside their own platform.
Function/utility of the token:
From the website:
The Trace token is the means of compensation between supply chain data producers and data consumers on one side and the OriginTrail node holders on the other. It provides the incentive to the nodes in the peer to peer network to perform the system functionalities.
OriginTrail nodes are incentivised for performing:
- Discover & Connect functionalities
- Supply chain consensus checks
- Data quality checks
- Data replication checks
- Data storage & management
- Filtering & delivering supply chain data
Couldn't do it with Bitcoin/Ethereum.
As per the report “Global Food Safety Testing Market, by contaminant tested (Pathogens, GMO, Pesticides), by technology (conventional and unconventional), Industry Trends, Estimation & Forecast, 2016-2024.” The global food safety testing market was valued at $12.14 billion in 2016, and is projected to reach $21.43 billion by 2024, growing at a CAGR of 7.4% from 2017 to 2024. In 2016, the pathogen testing segment generated the highest revenue share in the global food safety testing market. Among major regions, North American food safety testing market was the highest revenue generating market valued at $4.5 billion in 2016. Asia Pacific region is expected to have the fastest growth with a CAGR of 8.3 % over the forecast period. The region generated the revenue of $2.95 Billion in 2016.
GlobeRanger (Fujitsu), Oceasoft, Modum ICO, Ambrosus ICO
There is one repository with 1 commit and 1 branch on Github.
Community (as of 9.1.2018)
Twitter: 3077 followers
Telegram: 3076 group members
Bitcointalk thread: 4 pages
Plans are clearly defined and can be measured.
Plans for listing:
Not disclosed. We believe that Origin Trail will be listed on meaningful exchanges.
Origin Trail d.o.o. was established in November 2017.
Distribution of tokens:
50% of the coins will be available pre-sale and main-sale.
Lock up period:
10% of the raised funds are allocated for Security.
Plans for audit: