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Bullboard - Stock Discussion Forum TruTrace Technologies Inc C.TTT

Alternate Symbol(s):  TTTSF

TruTrace Technologies Inc. is a Canada-based cloud-based blockchain software company that connects quality control and inventory management. The Company’s TruTrace software provides easy-to-use food, pharma, product, cosmetics and agro science solutions. It also provides easy-to-use lab testing solutions. The Company’s StrainSecure is cloud-based blockchain software that connects quality... see more

CSE:TTT - Post Discussion

TruTrace Technologies Inc > Nothing new here
View:
Post by knowSomething on Mar 01, 2019 12:21pm

Nothing new here

So these guys rely on third party groups to do all their genetic testing so that they can store the results in a blockchain... something that just about anybody can do? Why the hype?
Comment by nstar777 on Mar 01, 2019 12:50pm
Another bitter basher here again..First of all they are not relying on 3rd parties as you have stated. Even if it is true so what? All auto makers get most of their parts made by 3rd parties but the car is recognized by its brand name..
Comment by knowSomething on Mar 01, 2019 1:22pm
Not a bitter basher... just stating facts. If you look on their website under their Platform it states that they certainly do use Third parties for their genetic information that they will store on their platform. I just wish people would do more due dilligence before investing... just saying.
Comment by Borat139 on Mar 01, 2019 1:47pm
I understand your adversity to this particular stock however outsourcing to third parties seems to be a viable and economical business trend in this post-modern era. As I stated before, connections within the industry is something Blockstrain has in abundance and I think it is more than called for that they outsource genetic testing to an actual lab instead of summoning their own lab. They are a ...more  
Comment by ConnectTheDot1 on Mar 01, 2019 2:27pm
knowSomething, I understand your point... DNAX relies on a third parties which must be trustable! This video from 2017 in California showed that labs could be influenced and cheated...: https://m.facebook.com/story.php?story_fbid=2107022829344737&id=251089648271407 But the end last 2018, with the regulations are tougher... The labs Will lose their license and close the shops... Does it worth ...more  
Comment by Borat139 on Mar 01, 2019 1:07pm
The software that was developed is compatible with all systems- whether government, producer, or retail. I agree with you to a point- that anyone can do it. Sure, anyone could.  What I like about this company is that the management team is very well experienced and competent in regards to marketing and creating connections. Creating market awareness is just as important as having the product ...more  
Comment by knowSomething on Mar 01, 2019 1:20pm
Thank you for that info... a strong mangement team is important but I still question the third party agreements. I'd be all over this if they were in total control as they say from 'Genome to Sale'... its actually from 'Records given to us to Sale'... this just leaves way too many concerns for me to be excited about this stock. Some will gain, but many will lose IMO. Best of ...more  
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