Entrepreneur Stephan Nilsson claims that in efficiency terms 80 per cent of supply chain operations are waste. It’s “making the whole world economy stagnate,” he says. Nilsson should know because he worked in the industry before he founded his startup, UNISOT. He still works in it—except now UNISOT is offering a blockchain solution to address that inefficiency.
UNISOT will be a “communication layer” using the Bitcoin SV blockchain to record operations performed by different businesses on a unified system that they can all trust.
“We humans, we have Facebook and Twitter and all of these social media. We are sharing tons of information with each other,” he says. “Companies are not doing that—because they only have this EDI [electronic data interchange] communication, which is slow and expensive. That is what is missing in the industry.”
Nilsson’s ambitions combine success for UNISOT with a wider, more philanthropic approach: “We don’t do this just to make a ton of money and get out of it. We actually have a purpose of making the world and the supply chain better.”
If he can persuade companies that currently use different systems to record data in a single supply chain to move onto UNISOT’s BSV-based system, he’s convinced it will mean greater security for all of them: “If all the different providers in the supply chain are using this system, then it gets very hard for one actor to manipulate the information.”
And he sees his own efforts to utilise the BSV blockchain as just one example of a general trend towards creating accountable data—and that’s a shift from the emphasis on Bitcoin as an alternative currency. “Instead of this digital currency that we were talking about in the beginning,