Web3 refers to the next generation of the internet, built on decentralized protocols such as Public Blockchain, and it offers unique features that align with our goals and values.
Here are 6 reasons why UNISOT embraces Web3:
Transparency

This technology enables transparent and immutable record-keeping. UNISOT leverages these properties to provide a trustworthy and auditable source of truth for supply chain and business data. Participants can verify and trace the origin, movement and authenticity of goods, ensuring transparency and accountability throughout the supply chain.

Decentralization

This technology, based on public blockchain and decentralized protocols, offers a trustless and transparent infrastructure. UNISOT utilizes Web3 to provide customers with a decentralized ecosystem, where data and transactions are recorded on a distributed network, eliminating the need for intermediaries and reducing the risk of manipulation or fraud.

Cost Efficiency

Web3 enables more efficient and cost-effective operations for customers. By leveraging decentralized networks, UNISOT can reduce the overhead costs associated with intermediaries, streamline processes, and eliminate the need for trust-based relationships. This ultimately leads to cost savings for customers utilizing our Web3 solutions.

Security and Trust

It introduces robust security mechanisms that protect customer data and transactions. UNISOT leverages cryptographic encryption and consensus algorithms inherent in Web3 to ensure the integrity and immutability of the data. By using Web3, we can offer customers an enhanced level of security, mitigating the risks associated with centralized systems.

Interoperability

Web3 technologies aim to create a more interconnected and interoperable internet. UNISOT recognizes the importance of seamless data exchange and integration across different systems and platforms. By leveraging Web3 protocols and standards, such as decentralized identifiers (DIDs), smart contracts, and decentralized data protocols, UNISOT enables interoperability between various supply chain systems, enabling efficient data sharing and collaboration.

Tokenization and Incentives

It introduces the concept of tokenization, which represents digital assets or utility within a network. UNISOT utilizes tokens to incentivize supply chain participants, rewarding them for contributing valuable data, verifying transactions or performing specific actions that benefit the ecosystem. This incentivization model promotes collaboration, participation and the sharing of accurate data, ultimately improving the overall efficiency and integrity of the supply chain.

UNISOT adopts Web3 technology to leverage the benefits of transparency, decentralization, security, interoperability and incentivization. By embracing these principles, UNISOT aims to revolutionize supply chain management and create a trusted and efficient global network for businesses to interact and transact with each other.