OriginTrail is the world’s first decentralised knowledge graph that uses a decentralised protocol to build transparency in the supply chain.
The OriginTrail network is powered by the Trace (TRAC) cryptocurrency, which enables true decentralisation and is an ERC20, Ethereum-based cryptographic coin.
Developers note that OriginTrail is more of an ecosystem than a company, which is based on a token economy with shared relations between users and network nodes. The ecosystem is based on a neutral Web3 protocol that enables safe data sharing between companies, organisations and blockchains via a decentralised knowledge graph network monitored by artificial intelligence (AI) and oracles.
The TRAC coin saw a bearish trend following its initial coin offering (ICO) at $0.10 on 17 January 2018 and fell to $0.01997 by the same time the following year. The coin then kept decreasing until it reached its all-time low value of $0.00556 on 13 March 2020.
TRAC started to gain momentum by the end of 2020 and reached its all-time high of $2.6809 on 1 November 2021 as the ecosystem participated in the NFT NYC gathering for non-fungible token enthusiasts, gaining much exposure.
After hitting its all-time high in November, the cryptocurrency’s price started to fluctuate, dropping to $0.7955 at time of writing (21 January 2022). But can it regain its momentum, and what factors are shaping OriginTrail price prediction going forward?
What is OriginTrail (TRAC) coin?
The OriginTrail core team, consisting of four professionals within the supply chain, blockchain and management sectos Žiga Drev, Tomaž Levak, Branimir Rakić, and Jurij Škornik, believe that amid globalisation, trade supply chains are facing an increasing complexity, which heightens information asymmetry.
After five years of working alongside supply chain clients, the project’s team identified that much of the data in supply chains was fragmented and was lacking a suitable decentralised solution that would…
