OriginTrail (TRAC), a web 3.0 coin project trying to solve problems in the global supply chain, experienced a serious rise as a result of the news it announced recently. TRAC rose 162 percent last week, rising from $0.36 on March 15 to $0.95 on March 22, according to the data. The ongoing rollout of OriginTrail v6, the launch of AidTrust, and the move to Web3 are cited as the reasons behind the spike in TRAC’s price and trading volume. Here are the details…
Web 3.0 coin project boomed with various news
One of the most important developments elevating TRAC is the ongoing rollout of OriginTrail v6, which is currently running on the testnet. According to the OriginTrail team, v6 is part of the next evolution of the network to help improve performance. It will also introduce new features like Universal Asset Locators and increase interoperability with legacy infographics like Google Knowledge Graph. Users interested in contributing to the community now have the opportunity to set up a v6 node to earn TRAC while also helping to support the overall functioning of the OriginTrail network.
A second highlight to OriginTrail was the launch of AidTrust, a joint product launched with BSI UK to bring visibility and trust to pharmaceutical supply chains. cryptocoin.com As we reported, AidTrust combines the capabilities of a decentralized infographic (DKG) with BSI’s supply chain experience to help ensure that donated medicine reaches targeted patients on time.
Web3 and Polkadot integration
The move to Web3 is the third boosting factor for TRAC as DKGs can help track, regulate and verify both physical and digital assets and make them discoverable on Blockchain. OriginTrail is also in the process of integrating with the Polkadot ecosystem by creating an OriginTrail parachain that will give oracle functions to any Polkadot parachain interested in DKG integration. At the time of writing, TRAC is changing hands at $0.71 with a 20 percent rise, although it has retraced from levels above $0.90 seen during the day. You can see a daily chart below:
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