The first global project powered by 5G / IoT and Blockchain
Project Introduction:
Ubique Chain of Things (UCOT) is a digitized supply chain ecosystem powered by the latest 5G/IoT telecommunications and Blockchain technologies. In UCOT, IoT tracks the commodity flows, while Blockchain guarantees tamperproof data sharing and interoperability across the supply chains. UCOT is designed to ensure transparent and undisputable view of all the actions and transactions by all the parties along the supply chain, achieving ultimate transparency, eliminating discrepancy, inefficiency, and fraud.
UCOT provides ultimate tracking and verification of the origins, attributes and ownership of physical and digital assets along the supply chain. This is important in light of the significant cost incurred as a consequence of fake labels and counterfeit products. UCOT is expected to enhance efficiency, protect data privacy, reinforce trust and harmony for businesses and consumers along the supply chain.