Origin Trail, a Slovenia-based blockchain technology provider for supply chains, announced the completion of its ICO by raising $22.5m, according to the media reports.
Origin Trail’s system provides the transparency to the supply chains of products, such as foods, by using its blockchain technology. Its token TRACE would be used as the supply chain data producers and data consumers.
In late 2017, Origin Trail received Walmart’s Food Safety Innovation Spark Award, given the achievement of its pilot project with Chinese online premium food retailer Yimishiji.
The proceeds via its ICO would be partly used for promotion, and business development such as building branch offices.