Even during the bear market, blockchain’s potential is receiving high ratings. Forbes (Financial Magazine), since it is predicting the 4 trends of blockchain (4 Major Blockchain Trends to Watch for in 2019), such as “Arrival of Security Tokens”, “The rise of Alternative Asset Classes — move from crypto to digital assets”, “The creation of Decentralized Ecosystem Platforms and new business models” and “The real winners — Hybrid Models” is receiving heightened attention. Most importantly, Forbes noted the rise of the new business model as a decentralized ecosystem platform. This year, the form of e-commerce model that combines B2B (Business to Business) and B2C (Business to Consumer), a B2B2C (Business to Business to Consumer) will facilitate the development of the blockchain ecosystem.
Following such trend, TEMCO is providing BI (Business Intelligence) tool to businesses (B2B) and market platform to consumers (B2C), and combining them as a B2B2C business model. Through this, businesses gain business insights from information about business management through the use of BI-tool. For consumers, they are compensated with TEMCO points when they participate in the activities such as QR code scanning (of a product), sharing of consumer information etc. The TEMCO points can be converted into tokens to be used in TEMCO market.
The business model that is in form of B2B2C as mentioned above is being developed in 3 stages. First is the development of the blockchain based supply chain network, the second is TEMCO data analysis tool with the expansion of the market platform, and third, big data analysis with data sales.
The first stage consists of connecting the existing isolated supply chain network. This prevents information from being disconnected in the current supply chain network, and through this, everyone in the platform shares all the information. As a result, consumers can find out the detail records of products, and they can use accurate and reliable information. Also, companies can increase internal control level visibility in their supply chain management system.
In the second stage of the of the development, after gaining attractions from initial users and obtaining their base data, we are adding the data analysis tools and market functions. The data analysis tool for the businesses that consists of real-time inventory management, delivery analysis service, one-page reporting, and more diverse services are being added as well. Businesses not only be able to efficiently extract much-needed data, but also gain business insight and increase the efficiency of the workload. Also, the market function is provided to consumers to promote active participation in the platform and the participation is compensated with points. In addition, consumers can purchase products from TEMCO’s partners and conduct transactions with cryptocurrencies.
The third stage consists of Big Data analysis and data sales. TEMCO not only holds a vast amount of data but also provides the data with product information, distribution/logistics history, consumer information and more, all connected. Through these features, businesses can provide more suitable product and service for consumers and obtain insights about consumer behavior patterns. In summary, through TEMCO’s Big Data, consumers can receive better products and service.
As Forbes predicted the 4 trends of Blockchain for 2019, TEMCO’s B2B2C business model is gaining attraction in the blockchain space. In addition, TEMCO was on Forbes recently, in an article solely explaining about TEMCO, making steps towards becoming a global business. Forbes valued highly of TEMCO about securing funds from KIP (Korea Investment Partners), as it was the first time ever in KIP’s venture capital history that it invested in a blockchain company. During the interview with Forbes, TEMCO’s CEO Scott Yoon mentioned the reasons why TEMCO is different than other companies in the industry and the advantages of the business model that targets both B2B and B2C. It will be interesting to find out more about TEMCO, who presents different strategy than the major competitors in the industry.
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Forbes Press Release:
https://www.forbes.com/sites/oliverbussmann/2018/12/12/4-major-market-trends-to-watch-for-in-2019/#1cd02b88372f
TEMCO: Innovative Supply Chain Data and E-Commerce Solution through Blockchain and Smart Contract Technology.
▶TEMCO Chatroom: https://t.me/temcolabs
▶TEMCO Official Website: https://temco.io
