Founded in 2013, Trace Labs started with implementing traceability systems for food processing companies in Europe. To resolve issues of trust in supply chains we first introduced blockchain technology in 2016 and have since set out to develop universal data exchange solutions for increasing trust in supply chains. In 2017, we entered the Walmart Food Innovation Pipeline and were awarded the Walmart Innovation Spark Award.
To support scalability for supply chain use cases, we designed and launched Ethereum-based OriginTrail protocol in 2018. With global data standards logic built-in the system supports universal data exchange (interoperability), it connects rather than replaces legacy IT systems (interconnectivity) and ensures data immutability by utilizing the blockchain technology (integrity).