Launch of real-world use-case sparks 162% rise in OriginTrail's TRAC token
The global supply chain continues to struggle to get back on track following a tumultuous three years that have witnessed clogged shipping ports and a breakdown of the just-in-time delivery system.
One blockchain project looking to help solve some of these issues while also facilitating the transition to Web3 is OriginTrail (TRAC), a logistics and supply chain management-focused blockchain protocol aiming to become the world’s first decentralized knowledge graph (DKG).
Data from Cointelegraph Markets Pro and TradingView shows that the price of TRAC has increased 162% in the past week, going from a low of $0.36 on March 15 to a daily high of $0.95 on March 22 amid a 1,070% increase in trading volume over the past 24 hours.
There are three underlying reasons behind the sudden spike in TRAC's price and trading volume: the ongoing rollout of OriginTrail v6, the launch of AidTrust and the migration to Web3.
The most significant development helping to boost the outlook for TRAC is the ongoing rollout of OriginTrail v6, which is currently running on the testnet.
The @origin_trail v6 testnet is growing into a beast! This week we reached a new record of 156k publishings measured in 24h, which is ~500x improvement over the highest seen number on previous DKG versions. And we are only getting started 1/4 https://t.co/2ZVXuFwSNU
According to the team at OriginTrail, v6 is part of the next evolution of the DKG that will help improve the performance of the network by several orders of magnitude. It will also introduce new capabilities like Universal Asset Locators and driving interoperability with legacy knowledge graphs such as the Google Knowledge Graph.
Users who are interested in contributing to the community now have the
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