When blockchain is applied to the supply chain, the most ideal thing is that it can provide reliable information to participants in the blockchain ecosystem. TEMCO aims to provide a unified data system to participants by connecting the segmented supply chain with blockchain and to provide an environment where trusted participants can sell products to consumers and purchase products with confidence on the marketplace. In addition, TEMCO aims to operate a decentralized blockchain based supply chain platform service.
TEMCO implemented the vendor verification system and logistic history verification system on the supply chain platform, B-Link, specified in the TEMCO’s whitepaper and when the platform participants use the logistic history verification, TEMCO tokens are used as a data upload fee to consume the token utility. Part of usage has been created and the platform is in operation.
Among the participants who are currently integrating data to the blockchain based supply chain platform within the TEMCO ecosystem, luxury sector participants (38 boutiques) are selling products in TEMCO’s marketplace, GUHADA. Also, cold chain sector participants (GS Retail pork product business division, Gyeongsangnam-do Papamarket, a fresh product business) is unifying, validating and cross verifying supply chain data sold offline throughout Korea through GS Retail.
TEMCO expects to expand the market in which consumers and vendor participants who use the information that can be trusted when quality history information of products managed on blockchain meets online commerce. Also, TEMCO aims to expand the decentralized blockchain based supply chain platform service.
