UNOVA

Address: Latemstraat 167

City: Sint-Martens-Latem

State: east flanders

Zip: 9830

Country: BE

Unova is a native blockchain network designed to tackle various challenges in supply chain management. Gaps in supply chain monitoring create vulnerabilities due to a lack of data distribution infrastructure. This causes supply chain management risks resulting in large overhead, compliance, audit, and error costs. This can be illustrated by numerous traceability issues and recalls causing: large amounts of waste, reduced consumer trust in products, and demand for increased transparency. In addition, food fraud and counterfeiting results in millions of people becoming ill and even the loss of lives in addition to immense economic losses. Other well-known issues in many supply chains include inventory management and demand prediction difficulties, resulting in excess working capital requirements. Legacy systems are focused on optimizing the internal operations of a company but fail to encompass the supply chain as a whole. This by default rules out the possibility of implementing solutions that require coordination and data sharing among the relevant stakeholders. Unova proposes a novel approach for supply chain data distribution, coordination, and innovation based on web3. It is a trustless infrastructure leveraging smart contracts and blockchain technology, allowing for cutting-edge applications built on decentralized web software protocols. More specifically, Unova is a blockchain network for supply chain management using a protocol that leverages privacy-enabled data distribution, cross-cluster distribution, and a multi-layered architecture. Unova has developed a native blockchain network based on extensive input from companies who are dealing with globally connected supply chains

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