Supply chain projects such as OriginTrail, Waltonchain, and Wabi have increased by more than 250% as blockchain interoperability is focused.
Over the past few weeks, blockchain projects focused on logistics and supply chains have seen tremendous growth as the economic slowdown caused by Covid-19 begins to show signs of recovery and concerns. concerns related to the global pandemic diminishing.
Three logistics projects that have benefited from an improved economic outlook are OriginTrail (TRAC), Waltonchain (WTC) and Wabi (WABI). Since the beginning of February, each token has seen an increase of 300%.
TRAC / USD
OriginTrail describes itself as “the ecosystem that makes global supply chains work together by enabling global, collaborative and trustworthy data exchange”.
The project was founded in 2011 with the goal of providing business users with the ability to streamline their supply chains with added item tracking and data protection features.
Currently, OriginTrail has partnerships with big name companies like Microsoft, Walmart and Oracle.
Since Feb. 1, the TRAC price has risen more than 475% from $ 0.151 to a new all-time high of $ 0.867 on March 12 thanks to several major protocol developments, including the introduction stake on February 9.
On March 7, buyers joined again as OriginTrail prepared to launch the world’s first “Multi-Group Decentralized Knowledge Graph,” which will allow the TRAC platform to interact with multiple blockchains including Polkadot. (DOT), xDai (STAKE) and Oracle.
WTC / USD
Waltonchain is another supply chain focused protocol that has seen significant gains since the beginning of February. WTC price rose 436% from a low of $ 0.343 on Feb. 1 to a high of $ 1.64 on March 11 as trading volume increased from a daily average of $ 4 million to over 300 million. dollars.
Waltonchain focuses on creating an ecosystem that combines blockchain technology, radio frequency identification (RFID) and Internet of Things (IoT) to improve the performance of supply chain use cases. .
A major recent development that may have kicked off the current WTC rally is the successful upgrade of the protocol’s cross-chain hub, allowing for interoperability between data on other blockchains. each other, including Ethereum (ETH) and Fabric.
The update also introduces a host of new features that will be enabled by Waltonchain’s parent-child chain architecture, including the creation of the NFT product platform as well as the DeFi suite of products such as a decentralized exchange. middle, liquidity aggregator and insurance pool platform.
These developments show the need for projects to expand functionality to attract more crypto investors. The addition of NFT and DeFi capabilities has helped bring new energy to the community and add value to the WTC.
WABI / USD
Wabi is a supply chain ecosystem that connects brands and consumers by allowing for a seamless, fair and confidential exchange of information.
During the previous month, the WABI price rose more than 320% as it rose from $ 0.95 on Feb. 1 to a high of $ 0.404 on March 15.
Currently, Wabi is preparing to launch a new B2B marketing solution focusing on markets based in Asia.
Supply chain reopening after a year of hiatus caused by the Covid-19 pandemic appears to be the most important factor connecting WABI’s future success and supply chain and post-focused need another.
At an industry-wide level, interoperability with other blockchain platforms is one of the main drivers of rally in supply chain projects in 2021. As the global economy begins to reopen and supply chains reestablished, global trade facilitation platforms could further increase.