Review on UCOT by francis fernandez
empowers individuals to enter the digital age
Blockchain technology like loT are two infrastructures each with extensive and valuable utilities in many financial, commercial and personal finance sectors.
However, by combining these qualities they can work in a coordinated way to develop intelligent products and services with unimaginable profits.
Through the UCT Foundation it is possible to create a virtual infrastructure that allows building a network of intelligent things linked together to offer multiple use utilities to companies that are dedicated to supply. This platform is known as UCOT.
Among the benefits that UCOT brings to the business market, the following can be mentioned:
• Allows you to track the complete history of an item in real time to prevent fraud and inconvenience in the supply chain, through the use of the UTraker IoT system
• Allows the creation of a reliable database on the blockchain, through NFT tags. This mechanism ensures the inalterability of product data and prevents malicious manipulation.
• Promote the integration of the global business union so that they can consolidate a network of common benefits through intelligent services developed by the use of IoT in the supply chain.
Pros
- Boosts the massive adoption of loT technology
- Facilitates reliable data collection
- Guarantees the unalterable storage of information
- It allows evaluating the traceability of a supply network
Cons
- There are no disadvantages
