Blockchain has begun its disruption in several different industries over the past decade from healthcare, to finance, to education and now supply chain management. For those unfamiliar, supply chain is defined as;
In commerce, supply chain management, the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfilment from point of origin to point of consumptionThe crypto space has been tackling the many hurdles in the supply chain sector from cost reduction to reduced complexity to better tracking and logistics. How exactly blockchain works in supply chain management will be for another article.
With the world reopening slowly reopening and vaccines being widely distributed, we can expect supply chains to begin running again at maximum capacity. With this, a surge in supply chain focused tokens will come( I predict at least). Evidence is already present but I foresee further growth throughout the summer for the following projects. This is not financial advice, do your own research as always.
This is a big one with a loyal community behind it yet it’s still undervalued. VTHO doesn’t follow the industry standard of trying to create a decentralized platform but instead looks to combine the best characteristics of DeFi with CeFI. This strategy allows VET to create a balanced platform in which users of the platform can have high speed value transfers, efficient collaboration and transparent information flow.
The Project has a solid leader in Sunny Lu, a former executive at Louis Vuitton China that witnessed first hand the supply chain issues that the clothing industry faces and was inspired to start VET. VeChain is an extremely solid project for the long-run but also a good swing trade during this bull market, I’ll be releasing a full fundamental analysis on the project in the following weeks.
In contrast with VET, TRAC is designed to be the first decentralized purpose-built protocol. It’s looking to create processes which share data throughout the supply chain. With this, businesses have an efficient way to exchange data internally and externally, thereby creating a transparent way of increasing accountability and efficiency. I’m not knowledgeable enough on the long term prospects of this project to recommend it as a long-term HODL, but in the short term this should spike with the reopening of economies and hype.
IOTA uses its own proprietary Tangle Infrastructure which allows the network to process transactions significantly faster than its blockchain counterparts. This project looks to touch every point in the global supply chain thereby allowing companies to analyze the data and improve upon efficiency. Another key aspect of IOTA is that it looks to ensure proprietary data is not accessible to third party companies. This allows companies to keep their intellectual properties and trade secrets safe. The project has seen success in the farming sector and fashion industry with expansions throughout other sectors continuing to grow.
As always do your own research! These 3 picks are tokens I have barely scratched the surface on, I’m simply recommending them based on the supply chain token hype I foresee happening in the spring leading up to the summer. In the long-run these may or may not be solid holds, everyone needs to determine for themself. Ride the hype, and if you want more Top 3 Sector picks I recommend my top 3 AI tokens here and Top 3 NFT Tokens here. What tokens are you bullish on for the end of March/April?