Why Everledger Is Ahead Of Waltonchain/Modum/VeChain/Origin Trail
Everledger is a blockchain startup that ensures the authenticity of high-value items by tracking their progress through a supply chain. Supply chain management related cryptocurrencies like Waltonchain, Modum, VeChain, Origin Trail, Ambrosus, and WaBi all have similar goals but have not brought the technology to industry at the scale of Everledger.
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The fact that they don't release the code is not something good in this space.
Other startups are releasing code to move the trust from them to the technology and to guarantee that they are not manipulating the data (not because they are not able to prove their value with results as you said). This is the basics of the distributed trust even in bitcoin and all the other "real" distributed blockchains.
If they don't show the code, how can i check if the system is doing what they promise? In this way i need to put my trust in them and not in the technology and this is the completely opposite purpose of a blockchain (actually in this way they don't even need a blockchain...).
Your right to an extent but show me one of those projects that have successfully tracked millions of products through a supply chain. I think the reality is that blockchain will be used in the background and so far we do not yet have the best of both worlds.