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