nChain, a global leader in the creation and delivery of Web3 solutions through Research and Development and the implementation of blockchain technology, announces the signing of a strategic partnership agreement with UNISOT, a leading Platform as a Service enabling supply chain traceability.
UNISOT’s Web3 Supply Chain Traceability & Sustainability platform allows all actors within the supply chain to be part of the “track and trace” journey, ultimately benefitting the end consumer by providing multiple types of information such as the origin and provenance of the products, the environmental impact of their sourcing, or their quality and safety through a Digital Product Passport.
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The solution is perfectly aligned with the new EC Corporate Sustainability Due Diligence (CSDD) regulations including the EC Ecodesign for Sustainable Products Regulation (ESPR) and the Digital Product Passport (DPP), proposed and mandated by the European Commission in its aim to create transparency and unlock circularity. According to the EC, most companies will be impacted by these regulations in the next few years, as consumers demand more sustainable and better-informed choices.
nChain’s CEO Christen Ager-Hanssen commented: “Our blockchain technology is revolutionising many areas of everyday life. With UNISOT, we are particularly proud of being able to provide the technology for a solution that allows full transparency of the supply chain as well as 360 global interoperability from the source to the recycling point. The implementation of UNISOT’s unique Web3 solution will become widespread across all products within a few years, and we are delighted to partner with UNISOT from the early stages of their growth journey.”
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Stephan Nilsson, CEO and Co-founder, UNISOT, said: “nChain is the partner of choice for us for several reasons. First and foremost, for their unprecedented expertise, experience, and dedication to R&D around public blockchain technology. This will give us the resources we need to excel and scale up globally as well as have access to the core blockchain technologies that enable us to continue building unmatched enterprise applications with the superior characteristics of the BSV Blockchain, Scalability, Integrity, Availability and Efficiency, and most importantly for its Stability. Enabling us to increase adoption manyfold in a shorter period of time.”
UNISOT’s Web3 platform enables supply chain players of all sizes to participate in the global information flow, from small farmers to multinational giants to consumers. By allowing the monetization of information through nano-transactions, new revenue streams incentivise companies to exchange important information on the global data layer which is the public BSV Blockchain. Furthermore, the BSV Blockchain offers unlimited scalability and already allows for approximately 100,000 transactions per second, making it the most cost and energy-efficient public ledger in the world.