{"id":363106,"date":"2021-11-06T01:00:00","date_gmt":"2021-11-05T22:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/altcoin-roundup-3-blockchain-protocols-taking-the-supply-chain-crisis-head-on\/"},"modified":"2021-11-06T01:00:00","modified_gmt":"2021-11-05T22:00:00","slug":"altcoin-roundup-3-blockchain-protocols-taking-the-supply-chain-crisis-head-on","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-3-blockchain-protocols-taking-the-supply-chain-crisis-head-on\/","title":{"rendered":"# Altcoin Roundup: 3 blockchain protocols taking the supply chain crisis head-on"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a33bdee6039a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a33bdee6039a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-3-blockchain-protocols-taking-the-supply-chain-crisis-head-on\/#OriginTrail\" >OriginTrail<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-3-blockchain-protocols-taking-the-supply-chain-crisis-head-on\/#VeChain\" >VeChain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-3-blockchain-protocols-taking-the-supply-chain-crisis-head-on\/#Morpheus_Network\" >Morpheus Network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-3-blockchain-protocols-taking-the-supply-chain-crisis-head-on\/#Want_more_information_about_trading_and_investing_in_crypto_markets\" >Want more information about trading and investing in crypto markets?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Altcoin Roundup: 3 blockchain protocols taking the supply chain crisis head-on  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The world of blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> has undergone a significant transformation over the past decade as the concept evolved from offering a simple means of exchange between two parties to a sprawling ecosystem full of protocols with real-world <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications ranging from decentralized finance to one-of-a-kind digital art.\u00a0<\/p>\n<p>One sector of the market that has been gaining traction as of late while the global just-in-time delivery system has fallen under immense pressure is the supply chain and logistics group of projects that offer blockchain-based solutions for the global supply chain ecosystem. <\/p>\n<p>While it\u2019s true that the current problems facing global suppliers, shippers, truckers and businesses are multifaceted and include issues such as worker pay and benefits, the integration of blockchain technology offers a substantial upgrade to the current system, which often relies on tracking physical paperwork between siloed parts of the multinational network. <\/p>\n<p>Here\u2019s a look at some of the top supply chain- and logistics-focused blockchain protocols and how they are contributing toward solving the current challenges facing the global system. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"OriginTrail\"><\/span>OriginTrail<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>OriginTrail is a protocol focused on offering logistical support and enterprise solutions to the global community by transforming the current ecosystem of siloed information on Web 2.0 into an integrated \u201cknowledge graph\u201d on Web 3.0. <\/p>\n<p>In an effort to better convey its goals to the wider public, OriginTrail underwent a rebrand on Oct. 1 to become the \u201cworld\u2019s first decentralized knowledge graph,\u201d which is designed to \u201corganize humanity\u2019s most important assets, making them discoverable, verifiable and valuable.\u201d<\/p>\n<p>As part of the network\u2019s efforts to be able to track assets of all types across all networks, OriginTrail has adopted a multi-chain approach to facilitate interoperability and is currently running on Ethereum, xDai and Polygon, and it is in the process of integrating with Polkadot. <\/p>\n<p>The long-term goals of the protocol include expansion beyond the physical supply chain in order to make it possible to organize, discover and verify all manner of items, including art, diplomas, certificates, nonfungible tokens and decentralized finance assets. <\/p>\n<p>Most recently, the project got a stamp of approval of sorts, as its TRAC token was listed on Coinbase, the top United States-based cryptocurrency exchange, which helped boost its value to a new record high at $3.87.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/b9381546-ad1a-4753-8386-214b60551887.png\"><figcaption style=\"text-align: center;\"><em>TRAC\/USD 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>As supply chain struggles continue, protocols like OriginTrail have the potential to help streamline the process while also providing all parties along the chain with up-to-date data on port backlogs and other pertinent information that can help them make a better-informed decision on the best way to route their cargo. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"VeChain\"><\/span>VeChain<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>VeChain is a dual-token blockchain-powered supply chain platform that utilizes Internet of Things (IoT) technology and distributed governance to solve issues with supply chain management. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/10e3d7b4-4dab-4ade-83ad-2bd98ad360f0.png\"><figcaption style=\"text-align: center;\"><em>VET\/USD 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The network\u2019s proof-of-authority (PoA) mechanism, which incorporates larger authority masternode operators whose identities are verified by the VeChain Foundation, helps to maintain the overall network security and ensure the protocol runs according to the Foundations governance policy. <\/p>\n<p>VeChain recently announced that PoA 2.0 will be released on its testnet on Nov. 5 and is scheduled to go live on the mainnet on Nov. 16. <\/p>\n<p>According to the team, PoA 2.0 combines the Byzantine Fault Tolerance and Nakamoto consensus mechanisms to offer a more secure system as well as improvements to the randomness process that selects the next block producer and the inclusion of a committee feature that randomly selects three block producers to verify a block. <\/p>\n<p>The VeChain protocol works closely with DNV, the globally recognized expert in assurance and risk management, as part of its overall strategy to integrate blockchain technology with the global supply chain. <\/p>\n<p>The two organizations recently met with the heads of state in San Marino to present results and reconfirm their commitment to helping the country manage its transition from being a linear economy to a circular economy through the integration of blockchain applications. <\/p>\n<p>VeChain has also been recognized by the government of China for its developments in food traceability and application of blockchain in technology in industrial agriculture and rural development. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>EU central banks working on DLT-based asset settlement<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Morpheus_Network\"><\/span>Morpheus Network<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Morpheus Network is a supply chain software-as-a-service middleware platform that is designed to integrate with legacy supply chain technology and emerging technologies, including blockchain, IoT and RFID in order to provide supply chain managers with a digital footprint for the items they are tracking in a safe and secure environment. <\/p>\n<p>The protocol recently underwent a rebrand and token swap from its old MRPH token to the new MNW token in an effort to improve the smart contract capabilities of the token and increase its security and level of efficiency. Following the announcement of the token swap on Oct. 19, the price of MNW rallied to a new record high of $5.19 on Nov. 3.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/b4bbf1c9-8473-44d7-9005-e96a70bcd37c.png\"><figcaption style=\"text-align: center;\"><em>MNW\/USD 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>One of the features included in the new smart contract is the ability for programs stored on the blockchain to execute automatically when the terms and conditions agreed upon by the involved parties are met. <\/p>\n<p>This enables a new level of automation to the process and allows for instantaneous settlement while also eliminating third-party inter<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>ries that slow the process and take a cut of the action. <\/p>\n<p>Efforts made by the team at Morpheus have not gone unnoticed, as the project has recently received several awards including the 2021 ISCEA PTAK Award for Supply Chain Excellence at the SCTECH2021, as well as being chosen by Gulftainer, a leading privately held global port operator, as the blockchain winner of its \u201cFuture of Ports\u201d competition. <\/p>\n<p>The overarching <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/news.morpheus.network\/morpheus-network-smart-contract-set-for-an-update-for-enhanced-security-efficiency-a87b5c41edde\">stated<\/a> goal of the Morpheus Network is to utilize its global network of partners to help companies and government organizations \u201cremove barriers to optimize and automate their global supply chain operations.\u201d <\/p>\n<p>While blockchain technology might be unable to solve all the issues currently plaguing the global supply chain system, contributions from projects like OriginTrail, VeChain and Morpheus Network hold the promise of helping to simplify and streamline the process over time while cutting out intermediaries and making the industry more environmentally friendly and sustainable. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Want_more_information_about_trading_and_investing_in_crypto_markets\"><\/span>Want more information about trading and investing in crypto markets?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Supply chain woes and the growth of Web 3.0 back OriginTrail\u2019s fresh ATH<\/li>\n<li>San Marino approves VeChain eNFT vaccination certificate that\u2019s verifiable worldwide<\/li>\n<li>Private, public and consortium blockchains: The differences explained<\/li>\n<li>VeChain Thor mainnet reaches 10 million blocks milestone with no downtime<\/li>\n<li>Parabolic gains for OriginTrail, Maker and XYO Network rouse \u2018altseason\u2019 hopes<\/li>\n<\/ul>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/altcoin-roundup-3-blockchain-protocols-taking-the-supply-chain-crisis-head-on\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Altcoin Roundup: 3 blockchain protocols taking the supply chain crisis head-on &#8221; The world of blockchain technology has undergone a significant transformation over the past decade as the concept evolved from offering a simple means of exchange between two parties to a sprawling ecosystem full of protocols with real-world applications ranging from decentralized finance&#8230;<\/p>\n","protected":false},"author":1,"featured_media":363107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvY2RjNWI3NTctMWVjZS00ZDE2LThmYzktY2VhMDYyOTMzMGNhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,74863,74939,95603,118178,75568,79699,74355,73785],"class_list":["post-363106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-cryptocurrencies","tag-market-analysis","tag-morpheus-network","tag-origintraila","tag-supply-chain","tag-vechain","tag-adoption","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/363106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=363106"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/363106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/363107"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=363106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=363106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=363106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}