UNISOT has chosen the BSV blockchain for its seafood supply chain solution as well as for other projects. ‘We haven’t found any other blockchain that compares on security, scalability, stability and cost efficiency, and that’s exactly what we need for enterprise solutions.’
At the 13th Edition of Sir Anthony Ritossa’s Global Family Office Investment Summit, enterprise supply chain management system, UNISOT’s CEO and Co-founder Stephan Nilsson spoke about their solution for the seafood industry built on the BSV blockchain. We offer you an edited transcription below.
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How SeafoodChain makes life and food better for consumers and businesses
SeafoodChain is our industry solution for the seafood industry. The seafood industry still does a lot of work manually with very few digital processes.
What we provide them with our supply chain management solution are tools to prove the quality of the product, which is a pervasive problem. We also help them to prove the sustainability of their product and also the product provenance – where the product has been, how it has been treated etc.
Seafood supply on a public blockchain
The important part about what we are doing here is that we are using a public blockchain, the BSV blockchain because it’s globally available. This means the system is available for the smallest fishermen to the biggest retailers, like Walmart, Nestlé, etc.
The system collects very granular pieces of data about the fish along its journey that can be monetised, since the BSV blockchain fuses data and money.
We collect information from every step in the supply chain, from the DNA of the fish eggs, to how the fish has been brought up, harvested, slaughtered and transported out to the restaurant. By taking these small pieces of information and putting them onto the blockchain, we can enable the actors in the supply chain to monetise the information they’ve generated. They can buy and sell information, small bits of data like the temperature or weight or location to and from other actors in the supply chain.
Even our small fishermen can now monetise information such as where the fish was caught to the processors or restaurants that find value in sharing that information with their customers and end consumers.
How SeafoodChain is breaking down data silos
With 20 years of experience as an SAP integration architect in the enterprise system world, I’ve experienced the problems with data silos first-hand.
Every company is acquiring a lot of data and filing it in several different systems, even within one company. Within the supply chain, every company is doing that, resulting in huge inefficiencies.
SeafoodChain can break these data silos down by using the BSV blockchain to monetise information, which results in the creation of an ecosystem of information between companies from all places in the supply chain. By monetising data, everyone is incentivised to exchange data.
The big problem with traditional data technologies, like EDI and EDIFACT, is that it was very expensive, insecure and slow to set up an interface between different companies.
Now, by using the public blockchain, the BSV blockchain, we have one global data layer, just like we have one global Internet. This global layer lets all actors in the supply chain connect to exchange information for monetary value.
Precision agriculture and blockchain
In agriculture, blockchain has many applications and advantages far beyond the seafood industry with Precision Agriculture. Blockchain and big data analytics can mitigate nature’s unpredictability, empower fisheries and farmers with financial access, and ensure food supply chain integrity through transparency and innovation.
You can learn more about Precision Agriculture from our eBook ‘Revolutionising agriculture in the digital age’.
