Supply chain tokens see triple-digit gains as the global economy recovers

Over the last few weeks, blockchain projects focused on supply chains and logistics have seen tremendous growth as the coronavirus-induced economic gridlock begins to loosen and future concerns related to the global pandemic subside.

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

TRAC/USD vs. WTC/USD vs. WABI/USD 1-day chart. Source: TradingView


OriginTrail is a self-described “ecosystem dedicated to making global supply chains work together by enabling a universal, collaborative and trusted data exchange.”

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

Currently, the project has partnerships with big-name companies like Microsoft, Walmart and Oracle.

Since Feb. 1, TRAC price increased by 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 of staking on Feb. 9.

TRAC/USDT 4-hour chart. Source: TradingView

On March 7 buyers stepped in again as OriginTrail prepared to launch “the world’s first multichain Decentralised Knowledge Graph,” which will enable the TRAC platform to interoperate with multiple blockchains including Polkadot (DOT), xDai (STAKE), and the Oracle blockchain.


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

WTC/USD 4-hour chart. Source: TradingView

Waltonchain is focused on creating an ecosystem that combines blockchain, RFID technology and the Internet of Things in order to enhance operational…

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