The global supply chain is still trying to get back on track after three tumultuous years in which ports were overwhelmed and the just-in-time delivery system collapsed.
A blockchain project that wants to help solve some of these problems while facilitating the transition to Web3 at the same time is OriginTrail (TRAC), a blockchain protocol focused on logistics and supply chain management that aims to become the world’s leading decentralized knowledge graph. (DKG). ).
Data from Cointelegraph Markets Pro and TradingView shows that the price of TRAC is up 162% over the last week, dropping from a low of $0.36 on March 15 to a daily high of $0.95 on March 22 in mid-March. Trading volume has increased by 1070% in the last 24 hours.
4-hour TRAC/USDT chart. Source: Trading View
There are three main reasons for the sudden increase in price and volume of TRAC: the ongoing rollout of OriginTrail v6, the launch of AidTrust, and the transition to Web3.
OriginTrail 6th Edition
The most important development that increases the prospects for TRAC is the ongoing rollout of OriginTrail v6, which is currently live on the testnet.
According to the OriginTrail team, version 6 is part of DKG’s next development that will help improve network performance by orders of magnitude. It will also introduce new features such as generic asset locators and encourage interaction with legacy knowledge graphs such as the Google Knowledge Graph.
Users interested in participating in the community now have the ability to set up a v6 node for the TRAC service while helping to maintain the overall functionality of the OriginTrail network.
Another element that is drawing attention to OriginTrail is the launch of AidTrust, a joint product launched with BSI UK to bring clarity and confidence to pharmaceutical supply chains.
AidTrust combines the characteristics of DKG and BSI’s extensive expertise in the knowledge chain to ensure that donated medicines are delivered to targeted patients on time.
With AidTrust, NGOs and pharmaceutical manufacturers can track the movement of donated products through the supply chain, identify potential risks, and make real-time decisions based on secure data.
AidTrust is currently being used in over 80 treatment centers in India and there are plans to roll out the platform to over 40 other countries around the world.