Blockchain projects focusing on supply chain and logistics have been experiencing explosive growth in recent weeks as the economic dead end caused by coronavirus begins to fade and future fears of a global pandemic are diminishing.
The improved economic outlook has benefited three logistics projects: OriginTrail (TRAC), Waltonchain (WTC) and Wabi (WABI). Since the beginning of February, the price premium for each of them has increased to 300%.
TRAC / USD
OriginTrail is a self-described ecosystem designed to enable global supply chains to collaborate, enabling global, collaborative and reliable data exchange.
The project was established in 2011 with the aim of giving business users the opportunity to simplify their supply chains with additional data protection and product tracking functions.
The project currently has partnerships with well-known companies such as Microsoft, Walmart and Oracle.
Since February 1, TRAC has risen more than 475% from $ 0.151 to a record high of $ 0.867 on March 12, thanks to several key protocol developments, including the introduction of staking on February 9.
On March 7, buyers stepped in as OriginTrail prepared to release “the world’s first multi-threaded decentralized knowledge graph” enabling the TRAC platform to handle multiple blockchains including Polkadot (DOT), xDai (STAKE) and Oracle. blockchain.
World Trade Center / US Dollar
Waltonchain (WTC) is another supply chain-oriented protocol that has grown significantly since early February. The World Trade Center price rose 436% from a low of $ 0.334 on February 1 to a high of $ 1.64 on March 11 when trading volume rose from a daily average of $ 4 million to over $ 300 million.
Waltonchain is focused on building an ecosystem that integrates blockchain, RFID technology and the Internet of Things to improve the operational efficiency of utilities in the supply chain.
One of the recent major events that may have started with the current growth of the WTC was the successful upgrade of the chain hub to a protocol that enables interoperability between data across different blockchains, including Ethereum (ETH) and Fabric.
The update also introduced many new features to be activated through Waltonchain’s parent-child architecture, including the creation of an NFT product platform, as well as a range of DeFi products such as decentralized exchange, liquidity pool platform and pool insurance.
These events demonstrate the need to expand the functions of projects to attract a wide range of investors to the cryptocurrency area. The addition of NFT and DeFi features helped bring renewable energies into society and increased the value of the symbol.
WABI / US Dollars
Wabi (WABI) is an ecosystem in the supply chain that connects brands and consumers, and enables a seamless, fair and confidential exchange of information.
Last month, the price of WABI rose more than 320% from $ 0.95 on February 1 to a high of $ 0.399 on March 12.
Protocol is currently ready to launch a new B2B marketing solution aimed at Asian markets.
The opening of supply chains after a year of disruption due to the COVID-19 pandemic seems to be the most important factor in the future success of WABI and other supply chain and logistics platforms.
At the sector level, interoperability with other blockchain platforms has been one of the main factors behind the increase in supply chain projects in 2021. As the global economy begins to open up and rebuild supply chains, platforms have gradually begun to simplify. World trade may continue to grow.