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Supply Chain Tokens Gains in Triple-digit as Global Economy Recovers

  • Posted On - 2021-03-15 09:02:45

Over the last few weeks, blockchain based projects significantly focusing on supply chains and logistics have been through massive growth as the coronavirus-induced economic gridlock started to loosen and future concerns addressed to the global pandemic subside.

Three major logistics projects that have seen huge beneficial improvements from the improving economic outlook are OriginTrail (TRAC), Waltonchain (WTC) and Wabi (WABI). Since early February, each one has seen its token price increasing by up to 300%.

TRAC/USD

OriginTrail is describing itself as  “an ecosystem dedicated to making global supply chains work together by enabling a universal, collaborative and trusted data exchange.”

The project was launched in 2011 with the aim of providing enterprise users with the ability to streamline their supply chains with added data protection and item tracking features.

Currently, the project is in partnerships with such giant companies including Microsoft, Walmart and Oracle.

From February 1, TRAC price has increased 475% from $0.151 to a new all-time high of $0.867 on March 12. On March 7, buyers stepped in again as the company prepared to launch “the world's first multi chain Decentralised Knowledge Graph,” which would enable the TRAC platform to interoperate with multiple blockchains including Polkadot (DOT), xDai (STAKE), and the Oracle blockchain.

WTC/USD

WaltonChain (WTC) is another supply chain-focused protocol that has seen remarkable gains since early February. WTC price has increased 436% from a low of $0.343 on Feb. 1 to a high of $1.64 on March 11, as the overall trading volume surged from a daily average of $4 million to over $300 million.

Waltonchain is focused on building an ecosystem that combines blockchain, RFID technology and the Internet of Things in order to enhance operational efficiency for supply chain use cases.

One recent major development may have boosted WTC's current rally was the successful upgraditon of protocol’s cross-chain center which enables interactions between data on different blockchains, including Ethereum (ETH) and Fabric.

The update also introduced a variety of several new features that will be enabled by Waltonchain’s parent-child chain architecture, including the creation of an NFT product platform as well as a suite of DeFi products such as a decentralized exchange, a liquidity aggregation platform and an insurance pool.

WABI/USD

Wabi (WABI) is a supply chain ecosystem that connects different brands and consumers by enabling the seamless, fair and confidential transfer of information.

In the last month, WABI price has increased more than 320% as it rose from $0.95 on Feb. 1 to a high of $0.399 on March 12.

Source: https://cointelegraph.com/news/supply-chain-tokens-see-triple-digit-gains-as-the-global-economy-recovers