OriginTrail Price(TRAC)

OriginTrail, also known by its token TRAC, is a Web3 project that combines blockchain technology with a Decentralized Knowledge Graph (DKG) to manage and verify data about real-world assets in the digital space. Its primary goal is to enhance the discoverability of important, shared knowledge and assets across various industries. Initially, OriginTrail was conceived to integrate blockchain into supply chain logistics. This aimed to create a reliable hub for customers to share data, authenticate products, and securely track goods. Over time, its vision expanded to encompass the digitization of any real-world asset for validation, transfer of ownership, and to combat misinformation by ensuring the origin and integrity of data. It is positioned as a foundational layer for a trusted internet of knowledge, particularly relevant in the age of artificial intelligence. The platform operates on a two-layer system. The first layer consists of a blockchain, which underpins the validity and consensus of the system. Originally on Ethereum, OriginTrail has expanded its deployment to include Gnosis and Polygon, and has also developed its own Polkadot parachain, making it a multi-chain ecosystem. The second layer is the off-chain Decentralized Knowledge Graph, which is powered by a network of nodes known as the OriginTrail Decentralized Network (ODN). This DKG structures, organizes, and represents data, including its origin. The native utility token of OriginTrail is TRAC. It is essential for various operations within the ecosystem, including staking, paying for the publication of data referred to as Knowledge Assets, and providing collateral on DKG network nodes. Founded between 2017 and 2018 by Žiga Drev, Tomaž Levak, and Branimir Rakić, OriginTrail's core development is handled by Trace Labs. The project has numerous real-world applications, such as supply chain verification, validating data for AI model training, providing trusted data for knowledge-based applications, and contributing to smart infrastructure and construction. Several enterprises and organizations, including the British Standards Institution (BSI), Supplier Compliance Audit Network (SCAN), Swiss Federal Railways (SBB), and the World Federation of Hemophilia (WFH), have adopted OriginTrail's technology. Learn more

Looking to buy How to buy TRAC? The process is simple and hassle-free! You can easily purchase TRAC on LBank by following our step-by-step buying guide. We provide detailed instructions and video tutorials showing how to register on LBank and use various convenient payment options.

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