What Is TEMCO?
TEMCO is a blockchain based supply chain platform. TEMCO connects valuable product data from point of origin to point of consumption. It offers real-time data services via blockchain smart contract, business intelligence tool, and a consumer app in order to overcome the limitations of existing supply chain management systems.
Currently, the information of each distribution participant within the supply chain process may be segregated and cut off from the each other. TEMCO aims to make it possible to connect stakeholders through a blockchain. This is to ensure that the pre-delivery phase is understood in real time.
TEMCO will use the RSK blockchain on the Bitcoin network. It will made TEMCO the first Asian company to work with RSK. With the help of the RSK blockchain, they help companies operate more efficiently. They also provide consumers with an application that can keep tabs on supply chain data in real time. Furthermore, it also boasts an online market powered by a cryptocurrency payment standard.
Features
TEMCO is an RSK-based supply chain management solution. The platform will connect manufacturers, warehouses, transport companies, distributors, and consumers.
All of the participants, except consumers, will undergo a vendor verification and authentication procedures. Smart contracts will be employed for smart tagging and data validation.
TEMCO’s envisaged technology will include 3 levels:
- “Core” level (Uploading data on blockchain);
- “Service” level (accessing data via API);
- “Application” level (displaying data).
Benefits
TEMCO aims to connect isolated supply chain process and offer data services. By using TEMCO business intelligence tool, companies gain new business insights. While, for the consumers, TEMCO provide a consumer application to track real-time supply chain data and an online market with a cryptocurrency payment feature.
Team
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 might be young and still idealistic, but their advisors are renowned veterans in the industry. Adrian Lai and Brian Lee of BlackHorse are both on board as advisors, along with the CEO of INNO Healthcare, Yongsik Kim. The team is also backed by TLDR co-founders Alex Yamashita and Graham Friedman. Meanwhile, Gabriel Kurman of RSK and BitGo’s Will O’Brian are Board Advisors.
TEMCO Token and ICO Details
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.
In term of ICO, TEMCO token sale commences from November 30th. The estimated token price is about 0.0063 USD. The overall token supply is 6,000,000,000 TEMCO, and 50% of it will be available for sale. TEMCO sets an initial hard cap of 19,000,000 USD.
Conclusion
TEMCO’s goal on supplying a better supply chain management system is admirable. However, 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. What sets the TEMCO supply chain platform apart is that the company is developing a consumer application and business intelligence tool too.
Useful Links:
Website: https://www.temco.io/
Author: Tpq01349
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1972940
ETH Address: 0xA73fA2565C18218AC6510c8CD3B220F5794f3B84
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