TEMCO.IO ICO review ENG

https://www.temco.io/#/
White paper: https://docsend.com/view/eiawynp
Token Sales Information
Ticker: TEMCO
Platform: Rootstock (RSK)
Token Type: Utility Token
Token Supply: 6 billion TEMCO
Soft Cap: $5 million
Hard Cap: $19 million
Exchange Rate: 1 TEMCO= 0.006333
Accepted Payments: ETH, BTC
Restricted Areas: China, USA

Every year in many countries of Europe and Asia, consumers of foodstuffs encounter food contaminated with toxic substances that arise during long-term storage and supply to consumers, all this is due to inadequate quality of supply chain management and logistics.
The crisis that arose in 2017 because of pesticide contamination arose precisely because of deficiencies in the existing supply chain management systems. Could not find
and track records of infected eggs. And the government and the enterprises involved were unable to identify and fix the problem, which caused concern and mistrust of consumers.
The only implemented solution that helps trace the origin of the infected eggs was the “eggshell code”, the printed code on the eggs. But since each manufacturer has different ways of printing these codes and several variants of codes used even within the same farm, the control system was chaotic and did not have standards and rules, which ultimately led to the inability to quickly and efficiently cope with the problem. Supervisors have repeatedly incorrectly reported codes from eggshell related to substandard farms and made additions daily. According to a government spokesman, it was difficult to track down unsuitable farms, and also to identify farms that produced poor quality eggs.

Due to the clearly disorganized nature of existing supply chain management, revealing the reality of serious constraints in crisis management,
the need for transparency and systematization of supply chain processes.
As the IT sector develops, there is a need for a higher level of product quality. Consumers want to purchase products that have gone through reliable
supply chain process. Moreover, companies also want to increase their credibility.
products and service levels to allow for more efficient management. In response to changing consumer needs, large corporations began to develop proprietary supply chain management systems. They began to use the big data system to optimize costs, improve processes and develop new business lines. At the same time, medium and small enterprises may not have enough resources to develop their own similar systems. And the existing supply chain management systems are not aimed at solving such problems, since they do not provide monitoring of stages prior to delivery to the consumer in a long supply chain. Therefore, even if a problem arises, it is difficult to understand at what stage it arose and how to cope with it. A clear understanding and transparency of the logistics process at all stages of the supply chain is required.

The TEMCO project is envisioned as a supply chain system aimed at overcoming the limitations of existing supply chains using Smart Contracts technologies adapted to supply management systems. In the existing system, the information of each participant in the supply chain process can be divided and cut off from each other, but TEMCO aims to make it possible for each participant to connect through the blockchain, so that the delivery stages can be tracked in real time. The potential of technology is to create consumer confidence in the supply chain process, as well as create the effect of reducing costs through more efficient supply chain management.
The goal of the project is to ensure that all participants have access to real-time information throughout the entire logistics process until the point of sale of outlets.

TEMCO will allow consumers to choose products that have passed through reliable supply chain management standards. Enterprises will increase efficiency by optimizing the process and structure of the supply chain using the TEMCO platform. They can also increase profitability through a strategy to optimize product sales using blockchain supply chain information. The cost of implementing such an infrastructure will be quite low. In the past, developing its own supply chain would have required several million dollars. However, the TEMCO platform will provide each participant with a single platform, with an integrated big data system offering analytics without the need for large initial investments or additional fees, since the only cost is to execute Smart Contracts within an ecosystem. In the existing system, it was difficult to determine the cause of quality-related claims. With the introduction of the TEMCO platform, after its development, it will be possible to track the distribution history to one order, which can help determine the responsible party in case of disputes. Therefore, it is expected that this will help manage food safety at the state level, including the Ministry of Agriculture and Forestry and the Food and Drug Administration.

The TEMCO team will also create a consumer application and a platform for large
data analytics. The app will increase consumer confidence in products by providing information about the supply chain in real time from start to finish.

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