The Traceability chain is a public chain created through blockchain technology. According to the project’s whitepaper, the project builds a traceability cloud platform using the blockchain’s unique non-tampering distributive ledger technology and recording feature. The project includes decentralized applications (Dapps) that claim to help an enterprise solve blockchain puzzles during raw material procurement, production, storage, circulation, and distribution. The blockchain further helps in information traceability and accurate marketing. The traceability chain also provides cloud service for technological developers and solves puzzles for brand enterprises and consumers.

Blockchain projects provide a chance for the traceability business. Traceability refers to the circulating chain used to trace and record intangible or digital goods. The traditional traceability system has a centralized account book mode in which whoever maintains the account book becomes the center. Thus, when the information in the account books is against the party’s interest, they intend to tamper with the account book or tell a lie that the account book got lost due to technological reasons. Therefore, blockchain technology helps store data tamper-free and timestamped.

The traceability chain includes blockchain services, cloud platforms, developers, enterprises, and consumers. The developers on the blockchain provide traceability anti-counterfeit technology solutions for the brand client, and the client pays a corresponding fee. The project enables more technology developers to join the ecosystem and facilitate more brand clients to upload the commodities on the chain so that the project can capture the market faster. The traceability chain and anti-counterfeiting business are widely applied in food safety, medicine, health care products, luxury, cosmetics, art collections, and development plans.

The project issued a traceability coin called a TAC token to meet the need for good ecological and commercial applications on the blockchain. The TAC token is a value carrier circulated between platforms, developers, enterprises, service institutions, and consumers to motivate development. TAC is based on the ERC-20 protocol. The token is further used as a governance token where the holders can vote over the future of the traceability coin. The project works on a delegated proof of stake consensus mechanism.

The traceability chain project was started in July 2017. The project’s whitepaper was released in January 2018. The project was founded by Wang Pengfei. The total supply of TAC tokens is one billion coins.

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