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.”

Read the rest of the article here