January 18, 20182min734

First ICO Awarded by Walmart Ended

OriginTrail was the first blockchain startup to receive prestigious Walmart’s Food Safety Innovation Spark Award; admitted to its inaugural Innovation Program.
Their ICO raised hard cap of 17928.3 ETH .

What is purpose of OriginTrail? Most of the objects surrounding you came through some form of regional, national or global supply chain. The fact that you have very little information with regards to how those products made their way to you is just one of the signs that supply chains are facing more pressure to be transparent.. And most of those issues boil down to a very limited ability to share data along the entire supply chain. OriginTrail changes that with a protocol for sharing supply chain data based on blockchain.

This brings new way of building transparency in supply chains. It uses Blockchain and builds on well established industry standards from GS1 and provides a necessary foundation to build new value – increased trust, optimised supply chain efficiencies, automated compliance and enforce quality assurance processes. Using OriginTrail, all stakeholders can securely share their data and keep sensitive data fully encrypted at all times. By supporting global standards for data exchange (GS1, IoT, compliance standards),OriginTrail  assures compatibility with existing ERP systems, making implementation process quick and efficient. Finally, it is fully decentralised. It removes the possibility of collusions and introduces full accountability for the data provided. OriginTrail is not a company, it is an ecosystem. It’s based on token economy with direct relations between users and network nodes free of arbitrary fees. Contribution to OriginTrail ecosystem is a pledge towards more transparent, collaborative, fair and trusted supply chains.


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