Temco Blockchain Service
TEMCO is developing a supply chain platform on RSK Bitcoin blockchain. In existing systems, information is disconnected. As a result, consumers have doubts about product quality, and companies operate ineffectively.
We connect isolated supply chain process and offer data services. Using our business intelligence tool, companies gain new business insights. For consumers, we provide a consumer application to track real-time supply chain data and an online market with a cryptocurrency payment feature.
TEMCO is looking to overcome the obstacles faced by conventional chain management systems. To that end, the company wants their stakeholders to be connected via a blockchain. This is to ensure that the pre-delivery phase is understood in real time.
Through TEMCO, consumers will be able to choose products that have passed through robust supply chain management standards. Enterprises will be able to improve efficiency by optimizing the process and supply chain structure using the TEMCO platform. They can also improve profitability by optimizing product sales strategy using supply chain information in the blockchain.
Website - https://www.temco.io.
Price token: 1 TEMCO = 0.006333 USD.
Platform - RSK.
Soft cap – 5,000,000 USD.
Hard cap - 19,000,000 USD.
It is assumed that the TEMCO technology will consist of 3 levels:
- Uploading data to the blockchain from the server level will be called the "base" level.
- Obtaining data on the blockchain using the basic level, and access to them in the form of API from the mid-level will be called level of "service".
- The display of data at the user interface level will be called the application level.
TEMCO will be using Tokens as a mode of payment in purchasing products and services once its ecosystem has been established. These tokens will also be used to pay for Smart Contracts. Proceeds from the token sale will be broken down into the following – 40% product development, 25% marketing, 20% business development, 10% emergency uses, and 5% legal issues.
The potential is to build consumer confidence in the supply chain process, as well as to create cost-cutting effects through better supply chain management. Vendors can also be awarded Points based on their products’ monthly rankings and quarterly sales growth. Vendors can also convert their Points to Tokens and use them to pay for their subscription fee or Smart Contract.
TEMCO is a public blockchain supply chain system that aims to use smart contracts to overcome the limitations of existing supply chain management systems. In the existing system, information about each participant in the supply chain can be separated and cut off from each other, but TEMCO strives to make it possible to connect each participant through the blockchain so that it is possible to understand the stages of pre-delivery in real time.
TEMCO has a very young team, primarily composed of South Korean visionaries. The team is headed by co-founders Geunil Lee, Jaeseob Yoon, and Hongsub Lim. They also have two Lead Developers, a Business Development Manager, two Marketing heads, a Design Director, UI/UX Lead Designer and Front-End Developer. This main team is not connected with any other ICO companies.
The TEMCO team will also create a consumer application and platform for big data Analytics. The app will increase consumer confidence in products by providing real-time supply chain information from start to finish. The big data Analytics platform, based on data collected in the blockchain, will enable SMEs to develop low-cost supply chain infrastructure and obtain business information.
TEMCO is a really promising project. Really experienced specialists are working on it. The project will be able to bring something new to the modern world and make it better.
TEMCO is not unique in its ideas though. A lot of companies are also making their own supply chain blockchains. And like TEMCO, most of these systems are interoperable with other supply chains. They also place a lot of power on the founding team. A more reliable checks and balance would be better.
ETH address: 0xAb3d2d587f38ECF13cD7d1dA7d8D51293eC74Df0.