[BLOG] TEMCO and Kakao’s blockchain, “Klaytn”

Dear TEMCO community,

At this time we would like to deliver more details about TEMCO and Klaytn’s partnership.

TEMCO’s partnership with Klaytn

Through this partnership, TEMCO is planning on actively utilizing Klaytn’s blockchain technology for GUHADA’s services, increasing blockchain-based service accessibility through Klaytn’s user-friendly blockchain account system and various tools. Klaytn is a global blockchain service developed by Ground X, the subsidiary of Kakao which is expected to launch its mainnet on June 27th.

Ground X, the subsidiary company of Kakao

Korea’s №1 mobile messaging application provider, Kakao, made initial decisions to expand its business horizon and increase its competitiveness for the global market by launching Ground X for development of Klaytn.

The vision of Ground X

1. Working on solving usability problems of the blockchain technology to create opportunities for technological innovation.
2. Developing practical and scalable blockchain and setting goals for mass adoption of the blockchain services.
3. Working on UX/UI for the developers, which is enterprise-friendly DX (Developer Experience) environment. Klaytn is developing a blockchain-based service and business that can positively influence society.

Klaytn, the public blockchain platform

Through partnerships with various blockchain-based service providers in diverse industries, Klaytn is planning on leading the mass adoption of blockchain services.

■ Klaytn’s History

September 13th, 2018: Release of Klaytn’s architecture (Jeju, Upbit Developer Conference)
October 2018: Release of Klaytn’s testnet, Apsen, for selected partners
March 19th, 2019: Release of Klaytn’s service plan (New Kakao offline office, Klaytn Partners Day)
March 29th, 2019: Baobab testnet release to all developers and service providers
April 12th, 2019: Klaytn Hackerton Event (6 weeks)
June 27th, 2019: Launch of Klaytn’s Mainnet

■ Klaytn’s Advantage

1. Innovative User Experience (UX): User-friendly cryptocurrency wallet installation and management of the services.
2. Increased Speed and Performance: Transactions per second (TPS) at 1500
3. Providing Developer Toolkit and Tutorial Service: Klaytn Wallet, Klaytnscope, and BLASQ.

GUHADA, an e-commerce platform for luxury goods

Providing differentiated user environment through an authenticity verification system and user-based community ecosystem.

■ Innovation of GUHADA

1. Advanced safety system for online shopping mall through blockchain technology
2. 6 benefits focused on authenticity verification
   - Smart contract-based authenticity verification
   - Vendor verification process
   - Operation of luxury brand related community and management of the blacklist
   - Ownership management system through blockchain technology.
   - Registration of product data in the blockchain to prevent data mutation
   - Insurance service for damaged product or counterfeit items.
3. Integrated payment system of basic payment methods and cryptocurrency payment.
4. Uploading of accurate distribution records to the blockchain through the use of NFC chips.
5. Rewarding of GUHADA community users based on user participation such as sharing general information and fashion trends articles to leaving product reviews and comments

Klaytn and GUHADA’s synergy

Klaytn and GUHADA, will lead the mass adoption of blockchain technology through delivering its value to clients and everyday users.

1. Klaytn will provide an environment where blockchain technology can be easily adopted and developed for enterprises and developers so that they can realize the value and usability of blockchain technology.
2. Through GUHADA’s goal of acquiring 800 offline stores, 40,000 sellers, and 100,000 users, everyday users can easily access blockchain technology.

TEMCO and Klaytn are planning on promoting the value of blockchain technology through mass adoption by developing user-friendly blockchain-based services.

Announcement and Press Release

Please check out the partnership announcement of TEMCO and Klaytn and the press release on CCN.

Announcement

https://medium.com/temcolabs/ann-temco-x-klaytn-7f20c9db6935

Press Release

CCN (EN)
https://www.ccn.com/temco-announces-strategic-partnership-klaytn

Korea Economic Daily (KR)
https://www.hankyung.com/it/article/201905309094g

TEMCO: Innovative Supply Chain Data Management and E-Commerce platform through Blockchain and Smart Contract Technology.

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▶TEMCO Official Website: https://temco.io