TRAC (TRAC)

Supply Chain Management

TRAC powers OriginTrail, a blockchain protocol that helps businesses share, verify, and track data across supply chains. It ensures product authenticity, quality, and regulatory compliance by organizing data in a decentralized network.

Decentralized Knowledge Graph (DKG)

TRAC is used to operate and secure the Decentralized Knowledge Graph, a system that connects and manages data from multiple sources. Users pay TRAC tokens to node operators who store and process this data, ensuring transparency and trust.

Staking and Collateral

Node operators lock TRAC as collateral to secure the network and earn fees for hosting data. Token holders can delegate TRAC to nodes, increasing their stake and rewards.

Data Marketplace and Incentives

TRAC enables buying and selling of proprietary data on the network, unlocking new economic opportunities. It incentivizes honest behavior and reliable data sharing among participants.

Integration and Interoperability

TRAC works across different blockchains and supports smart contracts, allowing easy integration with other decentralized applications and services.

Real-World Use Cases

OriginTrail and TRAC are applied in industries like logistics, pharmaceuticals, and railways to improve traceability, data quality, and supply chain transparency.

Pros of TRAC

• Strong Partnerships: TRAC has partnerships with big organizations like Walmart, Microsoft, Oracle, and the EU Commission, which helps its adoption and credibility.
• Supply Chain Focus: It is designed to improve supply chain transparency and data integrity, making it useful for industries needing trusted data tracking.
• Blockchain Agnostic: TRAC works across multiple blockchains like Ethereum and Polkadot, increasing its flexibility and reach.
• Decentralized Knowledge Graph: It uses a unique system to verify and store data securely, which can improve trust in data sharing.
• Wide Exchange Availability: TRAC is available on many popular exchanges such as Coinbase, Binance.US, Kraken, and more, making it easy to buy and trade.
• Fixed Supply: It has a capped total supply of 500 million tokens, which can help with scarcity.

Cons of TRAC

• Price Volatility: Like many cryptocurrencies, TRAC’s price can be quite volatile and may underperform compared to some other tokens.
• Complex Technology: The technology behind TRAC, including zero-knowledge proofs and decentralized data storage, might be hard for beginners to fully understand.
• Competition: The supply chain blockchain space is competitive, with other projects also aiming to solve similar problems.
• Team Visibility: The team behind TRAC is not very famous in the crypto world, which might affect investor confidence for some.
• Network Fees: Using Ethereum for transactions can involve high gas fees, although TRAC is working on its own consensus layer to address this.

These points summarize the main advantages and challenges of TRAC based on current market and project information.

Founders of TRAC

• TRAC was founded by Tomaž Levak, Žiga Drev, and Branimir Rakić.
• They started the project to create a decentralized platform focused on supply chain traceability and data interoperability.
• These founders hold key leadership roles: Tomaž Levak (CEO), Žiga Drev (COO), and Branimir Rakić (CTO).

Institutional and Strategic Investors

TRAC is backed by a group of founders, pre-ICO contributors, and investors who received about 18% of the total token supply. The team also reserved 20% for future project development and 5% for liquidity and advisors. The project has partnerships with leading technology companies and a grant program to support ecosystem growth.

Community and Ecosystem Supporters

The OriginTrail ecosystem is supported by the Trace Alliance, a non-profit organization with over 150 members worldwide. This alliance includes companies and individuals collaborating to develop and adopt decentralized knowledge graph technologies.

Exchanges and Market Participants

TRAC tokens are actively traded on major crypto exchanges like Coinbase, Binance, Kraken, KuCoin, and others. These platforms provide liquidity and access for a wide range of investors, from retail traders to institutional players.

Developer and Node Operators

Core developers and node operators maintain the network and receive TRAC tokens as rewards. This group plays a key role in the ongoing development and security of the OriginTrail decentralized network.

For more details, you can visit the official OriginTrail website at origintrail.io.

Halal Status of TRAC

• General Islamic Finance View: Cryptocurrencies can be halal if they comply with Islamic principles such as avoiding interest (riba), gambling (maysir), and excessive uncertainty (gharar).
• TRAC Specific: There is no direct, widely recognized fatwa or official Islamic ruling explicitly declaring TRAC halal or haram.
• Reasoning: TRAC is a utility token used within the OriginTrail ecosystem for decentralized knowledge operations, which does not inherently involve interest or prohibited activities.
• Conclusion: Yes, TRAC can be considered halal by many scholars because it functions as a utility token without interest or gambling features, but individual consultation with a qualified Islamic scholar is recommended for personal certainty.