UNISOT Secures Investor Calvin Ayre, as it Brings Supply Chain Solution to Bitcoin SV [BSV] Blockchain

LONDON, May 13, 2019 /PRNewswire/ -- UNISOT, a Norwegian venture with a supply chain management solution on the Bitcoin SV [BSV] blockchain, has secured investment in its seed round from Calvin Ayre, technology entrepreneur, and founder of Ayre Group and CoinGeek. Ayre is a key backer of Bitcoin SV [BSV], through his CoinGeek mining, media and investment operations, and expects the investment to provide a significant boost to BSV blockchain usage and transaction volume. Ayre joins other investors in UNISOT.

UNISOT is a revolutionary open blockchain platform and global business network, that takes advantage of Bitcoin's fundamental ability to act as a records ledger and be the "Universal Source of Truth."  Global supply chains are a $54 trillion market and ideal for blockchain transformation.  Using the blockchain as a public means to track supply chain records and transactions, UNISOT enables enterprises to more efficiently track and manage travel of their goods, parts and services, with reliable, fast and secure transactions, and instantaneous insight across the entire supply chain.

UNISOT emerges from Enterprise Resource Planning (ERP) systems, but adds the security, trust and tokenization that public blockchain technology offers.  It integrates with ERP systems used globally – including SAP which processes 78% of the world's supply chain transactions.

UNISOT will use a digital tokens & smart contract system (with a BSV-based token) to provide clients with unique features imbedded in its ERP system:

• Insight and incentivised information exchange, so the entire supply chain can be seen in real-time and companies can react instantly to actions both up and down the value chain, reducing latency by more than 99%. Information exchange is incentivised by micro transactions, monetising company's data warehouse information.
• Blockchain Data Interchange (BDI), secure, encrypted, signed P2P Electronic Data Interchange (EDI) communication in real-time via blockchain
• Smart contracts & Tokens enable secure and guaranteed transactions, reducing time and cost because third party intermediaries such as agents or notaries are not involved.
• Digital Twins & Product DNA, real world commodities having a digital equivalent on the blockchain, enabling companies to quickly track items as they travel the supply chain from inception to consumer.
• International settlements & Fast micro-payments, enabling international real-time settlement, at a fraction of normal banking fees, across the supply chain.
• Fintech, tokenization, stable coin, asset-based lending, insurances, crowdfunding, etc.
• Consumer App empowers consumers to choose products based on their preferences.

The UNISOT Enterprise Platform is currently being developed in cooperation with selected enterprise partners and international supply chain corporations. The first enterprise applications are planned to be released in autumn 2019 and they will be sold and implemented by selected ERP implementation partners around the world. The UNISOT Consumer App will be available via Apple App Store and Google Play Store in the autumn.