LONDON, February 16, 2023 /PRNewswire/ — nChain, a global leader in the creation and delivery of Web3 solutions through research and development and the implementation of blockchain technology, today announces the signing of a strategic partnership agreement with UNISOT, a leading platform as a service that Supply chains enable traceability.

UNISOT’s Web3 Supply Chain Traceability & Sustainability Platform enables all actors within the supply chain to be part of the “track and trace” journey, which ultimately benefits the end consumer by providing multiple types of information such as origin and provenance of products and the environment provides impacts of their procurement or their quality and safety through a digital product passport.

The solution is perfectly matched to the new EC Corporate Sustainability Due Diligence (CSDD) regulations including the EC ecodesign regulation for sustainable products (ESPR) and the Digital Product Passport (DPP), proposed and commissioned by the European Commission with the aim of creating transparency and promoting circularity. EC says most businesses will be affected by these regulations over the next few years as consumers demand more sustainable and better-informed choices.

CEO of nChain Christen Ager-Hansen commented: “Our blockchain technology is revolutionizing many areas of everyday life. We are particularly proud to partner with UNISOT to provide the technology for a solution that enables full supply chain visibility as well as 360 degree interoperability from source to world. The implementation of UNISOT’s unique Web3 solution will take just a few years across all products and we are excited to partner with UNISOT from the early stages of their growth trajectory.”

Stephen NissonCEO and co-founder of UNISOT, said: “nChain is the partner of choice for us for a number of reasons. Primarily for his unparalleled expertise, experience and commitment to research and development around the public blockchain…