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

Iii logistics projects that have benefited from the improving economic outlook are OriginTrail, Waltonchain and Wabi. Since early on Feb, each has seen its token price increase by up to 300%.

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

TRAC/USD

OriginTrail is a self-described "ecosystem dedicated to making global supply bondage piece of work together past enabling a universal, collaborative and trusted data commutation."

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

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

Since Feb. 1, The price of its Trace (TRAC) token has increased more than 475% from $0.151 to a new all-fourth dimension high of $0.867 on March 12, thanks to several major protocol developments, including the introduction of staking on Feb. 9.

TRAC/USDT iv-hr chart. Source: TradingView

On March vii, buyers stepped in again as OriginTrail prepared to launch "the world'due south showtime multichain Decentralised Knowledge Graph," which will enable the protocol to interoperate with multiple blockchains including Polkadot, xDai and the Oracle blockchain.

WTC/USD

Waltonchain is another supply chain-focused protocol that has seen significant gains since early February, with the price of its WTC token increasing 436% from a low of $0.343 on Feb. 1 to a loftier of $i.64 on March 11 as trading volume surged from a daily boilerplate of $4 million to over $300 million.

WTC/USD iv-hour chart. Source: TradingView

Waltonchain is focused on creating an ecosystem that combines blockchain, RFID engineering and the Net of Things in order to enhance operational efficiency for supply chain use cases.

One recent major development that may have kicked off WTC'due south current rally was the successful upgrade of the protocol'due south cross-chain center, which enables interactions between data on unlike blockchains, including Ethereum and Fabric.

The update also introduced a variety of new features that will exist enabled by Waltonchain'south parent-child chain architecture, including the creation of a nonfungible token (NFT) product platform as well every bit a suite of decentralized finance (DeFi) products such as a decentralized exchange, a liquidity aggregation platform and an insurance pool.

These developments demonstrate the need for projects to aggrandize functionality to appeal to a wider range of cryptocurrency investors. The addition of NFT and DeFi capabilities helped bring renewed free energy to the community and provided a elevator in token value.

WABI/USD

Wabi is a supply chain ecosystem that connects brands and consumers by enabling the seamless, fair, confidential commutation of information.

In the last month, WABI price has increased more 320%, ring from $0.95 on Feb. 1 to a high of $0.399 on March 12.

WABI/USD 4-hour chart. Source: TradingView

Currently, the protocol is preparing to launch a new business-to-business organization marketing solution with a focus on markets based in Asia.

The reopening of supply chains afterward a twelvemonth of disruptions brought on by the COVID-19 pandemic appears to be the near pregnant factor connected to the future success of Wabi and other supply chain and logistics-focused platforms.

On a sectorwide level, interoperability with other blockchain platforms has been one of the main drivers of the rally amid supply concatenation projects in 2021. As the global economy begins to open dorsum upward and supplychains are reestablished, platforms that facilitate smooth global merchandise could meet further upside.

The views and opinions expressed hither are solely those of the writer and practise not necessarily reverberate the views of Cointelegraph. Every investment and trading movement involves chance, and you should conduct your own inquiry when making a decision.