Business

Steve Kaaru

UNISOT: Building on Bitcoin SV

Bitcoin SV (BSV) has proven to be the enterprise blockchain of choice, with more businesses building on the massively scalable network. UNISOT is one of the most revolutionary platforms on the BSV network and is poised to change the core of global supply chains. The Norwegian enterprise blockchain service provider offers its users immutable audit trails, security and privacy that other enterprise resource planning (ERP) systems can’t.

While there are plenty of blockchain platforms available in the market, UNISOT selected Bitcoin SV, the most secure, cost efficient and scalable blockchain. BSV’s massive on-chain scaling supports high transaction throughput, with the Quasar protocol upgrade raising the block size hard cap to 2GB. This is crucial for UNISOT, especially since it targets the supply chain industry which handles a very high number of transactions globally.

Bitcoin SV also offers the most cost-efficient blockchain network, with the fees standing below $0.02 per transaction. This allows applications built on the BSV blockchain to facilitate micropayments for their users. Today, over $4 trillion is locked up and inactive at any given time in the global supply chains. This denies the participants the much-needed liquidity to conduct their activities. UNISOT relies on the low cost transactions enabled by Bitcoin SV to facilitate microtransactions on its platform.

UNISOT users also get to benefit from the token and smart contract protocol supported by BSV. The protocol supports over 45 asset types, from ERC20 tokens to shares and bonds, asset backed securities to futures. Moreover, unlike other smart contract networks, Bitcoin SV smart contracts are massively scalable. This is because each contract is executed by its own virtual machine. The execution of Bitcoin SV smart contracts doesn’t require GAS, instead relying on the normally low transactions fees.

Bitcoin SV’s scripting language is Turing complete or computationally universal. This means that it can solve any problem that a Turing machine can. This makes it possible for UNISOT’s platform to execute any algorithm.

And while the other Bitcoin projects have been corrupted or stalled by their developers, Bitcoin SV has worked towards restoring the original Bitcoin protocol as set out by Satoshi Nakamoto. This makes it more stable than any other blockchain platform in the market.

UNISOT is just one of the many enterprises that are building their applications on the Bitcoin SV network. These businesses and many more will all be attending the CoinGeek Seoul Conference come October 1 where the attendants get to learn how they can enhance BSV’s massive scaling, speed and low transaction fees to stay ahead of their competitors.

Grab your tickets now, and get 20% off the CoinGeek Seoul conference tickets when buying with BSV, plus conference attendees can also take advantage of exclusive discount to the Le Meridien Seoul. Check out this link, select “Group code” at the Special Rates tab and simply type the promo code RE1RE1A to receive the hotel discount.

To receive the latest CoinGeek.com news, special discounts on CoinGeek Conferences and other inside information direct to your inbox, please sign up for our mailing list.

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