OriginTrail Parachain: Decentralized Google for Web3
Physical and digital worlds are disconnected from each other and we need to switch between them very often. In the physical world, we interact daily with things like art, fashion, healthcare, education, and supply chains. The digital world consists of things like blockchain, DeFi, metaverse, and NFTs.
OriginTrail is a Decentralized knowledge graph that couples and organizes these two worlds together. This way, all these digital items are much more discoverable, verifiable, and thus becoming even more valuable.
Content
- Decentralized knowledge graph
- OriginTrail partnerships and usecase
- OriginTrail technology stack
- OriginTrail parachain
- Crowdloan
- Tokens
- Conclusion
Decentralized knowledge graph
Let’s focus on knowledge graphs first because they are the cornerstone of Origin Trails technology. According to Wikipedia, a “knowledge graph is a knowledge base that uses a graph-structured data model or topology to integrate data”. In other words, a knowledge graph links various physical or abstract data such as objects, people, events, or situations together and creates something that is called a knowledge base.
Knowledge graphs are used in Web2 services like Google, Facebook, LinkedIn, or even Uber and Airbnb.
A decentralized knowledge graph (further only DKG) is simply the decentralized representation of knowledge graphs as we know them which fits very well into the Web3 space. DKG allows the world’s data assets to be structured, linked, persistent and understandable.
OriginTrail DKG is not a blockchain, but rather a merger of various blockchains (trust layer) and knowledge graphs (semantic layer). OriginTrail DKG is a mesh of data and assets, where the associations with each other can be then applicable in Web3 space. Think of it as a decentralized version of Google.
OriginTrail DKG is designed to be blockchain agnostic. The largest part of the protocol is called the OriginTrail Decentralized Network (ODN), which is a decentralized peer-to-peer off-chain network.
OriginTrail partnerships and usecases
OriginTrail is the world’s first DKG that verify and links together the physical world (art, healthcare, fashion, education, supply chains) and the digital world (blockchain, smart contracts, Metaverse & NFTs, and DeFi) in a single connected reality. OriginTrail is already used by the world's largest companies.
The SCAN Trusted Factory system, which is operated by a group of the largest US retailers and importers (eg. Walmart, Home Depot, Walt Disney or Costco), helps secure 40% of overall imports to the United States of America by enabling an exchange of security audits.
Another concrete use-case is in pharmaceutical supply chains that brings visibility and trust to the distribution of donated medicines by AidTrust and ensures that it reaches the intended patients, even in complex environments.
OriginTrail also ensures data integrity with a live connection to the blockchain for traceability of major food supply chains like TheFSM or Perutnina Ptuj.
OriginTrail is also a member of the Trace Alliance, which is a collaborative partnership for everyone working on blockchain-based solutions for supply chains. Its members are also Parity, Deloitte, Ivan on Tech academy, or Emurgo.
OriginTrail technology stack
The purpose of OriginTrail is to bring real-world assets into Web3. But that goal is not possible without ensuring trust and utilizing verifiable asset data.
The trust is added via the decentralized consensus layer, the blockchain, which is the trusted network based on the verifiable cryptographic truth.
The verifiability of real-world relationships such as ownership, location and so on is enabled by the usage of knowledge graphs, which are semantic data networks that power systems of Google, Amazon, NASA, etc. Knowledge graphs are connected graph data structures that represent their relationships in the real world.
OriginTrail parachain
Multichain architecture represented by relay chain and parachains is the signature of the Polkadot network. By leveraging the power of the OriginTrail DKG, OriginTrail parachain extends the discoverability, verifiability, and greater value for linked Web3 assets to Polkadot.
The OriginTrail parachain will in the future stimulate the growth of the number of assets linked to the OriginTrail DKG. By the Polkadot interoperability and scalability, it can be also used in those mentioned parachains and their decentralized applications:
- DeFI — decentralized finances (Acala, HydraDX, Bifrost),
- Real-world asset collateralization (Centrifuge)
- Metaverse / NFTs (Enjin, Efinity, Unique Network)
- Ethereum and Bitcoin network bridges (Moonbeam, Astar, Interlay)
- IoT — Internet of Things (Nodle, Robonomics)
Crowdloan
Once a project wants to secure a parachain slot on Polkadot, there is a necessity of winning a parachain auction. OriginTrail Parachain just launched their crowdloan, so the users can participate to help get the parachain slot and at the same time earn some extra rewards for their contribution. We will be please if you use our referral for the crowdloan contribution :-)
Rewards: 1 DOT : 20+ OTP
Vesting:
- 25% of OTP will be available to claim immediately
- 75% of OTP will vest/unlock linearly over a 96 week period
Bonuses:
- 5% Early bird bonus (limited to 5 000 users)
- 15% Bonus for strategic contributors
- up to 5% Referral bonus
How to contribute to crowdloan?
You can use the official OriginTrail Parachain web pages or some other possibilities, where you can earn some extra bonuses such as contributions through Parallel Finance (with an additional 5% in PARA tokens) or Bifrost's vCrowdloan.
Tokens
OriginTrail uses blockchain for fingerprinting data, which can be done to any blockchain user’s preferences. Tokens on OriginTrail are used for issuing various types of transactions.
There are going to be two different tokens in OriginTrail, TRAC and OTP. Both are utility tokens that are going to drive network effects through the incentivization of the participants. Let's have a short look at them.
TRAC
- ERC-20 token on Ethereum
- utility token that drives the entire DKG
- used as payment for publishing and updating assets on the network
- staking on keywords — by locking up, the assets show up higher in search results
- serves as collateral on DGK nodes, token holders can delegate TRAC to the nodes and earn part of the node rewards
- circulating supply: 364,4 M
- total supply: 500 000 000
OTP
- OriginTrail parachain token
- utility token that facilitates the transactions in the OriginTrail consensus layer
- used as payment for transactions and smart contracts including the lock-up/subscription model
- governance — voting for network and treasury proposals
- serves as incentivization for parachain collators and their delegators
- total supply: 1 000 000 000
Conclusion
OriginTrail is not a blockchain, but rather a middleware protocol sitting between the blockchain layer and the application layer. It’s a distributed decentralized network that hosts a decentralized knowledge graph.
OriginTrail decentralized knowledge graph links, verify, and evaluate data of the physical and digital worlds in the Web3 space, such as Google does in the Web2 space.
After OriginTrail will get its own parachain slot on Polkadot, it will be interoperable and ready to be used in DeFi and via other parachains and their usecases.
By using OriginTrail DKG, Web3 developers are able to organize, discover and verify anything in the physical or digital world much more efficiently and cryptographically proveably. Simply said, OriginTrail DKG is the Google for Web3 space. On Polkadot!
