TEMCO - Revolutionizing The Supply Chain Management System through Blockchain
The Blockchain Technology keeps on expanding in ubiquity and also its appropriation because of its genuine utilize cases in different parts by people, firm, and governments. The revolutionary technology impacting different industries miraculously was introduced in the markets with its very first modern application Bitcoin. Blockchain technology can be leveraged to decentralize trust in supply chains and bring measurable benefits and transparency of data across the public and private sectors, while at the same time encourage consumer participation in the supply chain.
In this sea of inovation and new technologies i will be introducing you to a visionary project that come to life in the form of ICO's and today i am going to present you with one of the most promising ones on the market which is TEMCO a platform thаt соnnесtѕ аnd іnfоrmѕ соnѕumеrѕ аnd ѕuррlіеrѕ оn a ѕuррlу сhаіn іn a trаnѕраrеnt аnd secure mаnnеr. It is a ѕuррlу chain mаnаgеmеnt рlаtfоrm and is dеvоіd оf thе loopholes thаt рlаguе the сurrеnt ѕuррlу сhаіn ѕуѕtеm
TEMCO is a blockchain based project that that aim to revolutionize the supply chain ecosystem. This platform was originated from South Korea, a very promising project that want to restore back confidence and trust to consumers of food. The platform aims to utilize Smart Contracts to overcome the limitations of existing supply chain management systems. In the existing system, the information of each distribution participant within the supply chain process may be segregated and cut off from the each other, but TEMCO aims to make it possible to connect each participant through a blockchain so that the pre-delivery stages can be grasped in real time. The potential is to build consumer trust regarding the supply chain process, and also to create a cost-cutting effect through more efficient supply chain management.
This project emanate as a result of challenges facing the supply chain of food starting from the source to the last point of consumption. Temco will restructure the supply chain management that will suit the digital ecosystem.
Small and medium-sized enterprises (SMEs) do not have sufficient infrastructure or financial flexibility to offer supply chain management data to their customers. On the other hand, customers want more information about their orders more than ever. In the existing system, they only have access to basic shipping logs and estimations.
Using blockchain and smart contracts, the Transportation Enterprise Merchandise Customer Organization (TEMCO) Project will revolutionize supply chain management through innovative technology.
Our project will provide greater transparency and reliability across the entire supply chain process to deliver trustworthy information that empowers businesses and consumers.
TEMCO Project seeks to develop a mechanism that is capable of resolving the challenges of the current supply chain management system by using Smart Contract on the public blockchain network. The aim is to allow all users to be able to access the up-to-date information across the whole supply chain procedures from production to distribution stage and finally to the retail points.
By using TEMCO platform, users can select products that has underwent dependable supply chain management standards. Similarly, enterprises can leverage on this to improve their effectiveness by narrowing supply chain procedures and framework through the use of TEMCO network. They might also improve profitability by enhancing product sales system through the use of supply chain details available in the blockchain.
Moreover, the cost of bringing on such facility for Small and Medium-Scale Enterprises (SMEs) can be substantially reduced through the use of TEMCO Platform. Before now, the cost of building supply chain management infrastructure for SMEs runs into millions of US dollars.
With the TEMCO platform, however, every user is linked in a single platform that presents big data analytics while eliminating the need for a huge capital commitment or extra charges for subscription as the sole cost for implementation of Smart Contracts on the network.
TEMCO aids in fortifying the product safety system and this is quite beneficial. In the current supply chain management system, spotting the root cause of quality-based claims is challenging. However, with the advent of TEMCO Platform, the history of distribution can be tracked to the single order and this can assist in detecting the party at fault in the event of a dispute.
Track, share, and access real-time data anywhere anytime through highly linked blockchain.
Trust your product vendors. They are verfied by our Vendor Verification System (VVS).
Data collected through smart contract in blockchain is immutable and transparent.
Trace your product back to its origin. Problems are reliably and quickly resolved.
Develope new business insights using Big data.
ADVANTAGES TEMCO IS PROVIDING
VERIFIED VENDORS: TEMCO only partners with proven businesses using the Vendor Verification System (VVS).
LINKED DATA: Smart tags track the entire supply chain process from point of origin to final consumers. We help companies operate efficiently while reducing cost.
REAL REVIEWS: Consumers who purchased a product can post reviews. Using blockchain for verification, TEMCO eliminates the risk of fake reviews.
MARKETPLACE: Everything comes together at TEMCO marketplace. You don’t have to look other places to get more information.
BUSINESS INTELLIGENCE: Business Intelligence Tool offers business insights and new opportunities. Information is organized and visualized for decision making.
TEMCO AND BLOCKCHAIN TECHNOLOGY
TEMCO combines innovative technologies — smart contracts, blockchain, and big data. Data is uploaded to blockchain using smart contracts and then migrated to big data. This design enables businesses to maximize the use of valuable information.
The ticker for TEMCO tokens is TEMCO and it is an Ethereum-based ERC20 standard type token which is used for accessing every component of the TEMCO Platform. Also, the TEMCO token is used to reward users that contribute to the development of the TEMCO platform. It is an utility token that accepts Bitcoin and Ethereum currencies.
CONCLUSIVELY, TEMCO Conclusively, MONVID is proffering solution by creating a decentralized platform to revolutionize the ѕuррlу сhаіn mаnаgеmеnt system аnd the аll participants of thе economy can bеnеfіt grеаtlу from іtѕ analytics аnd ѕесurіtу tооlѕ.
FOR MORE INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409
ETH Address: 0x1461b1E13ac15B849B8fa54DcFa93B3961992642