Blockchain, stepping up for environment preservation; solving fundamental problems with TEMCO’s technology.
There had been consistent problems of micro-dust particles in the air in parts of Asia and in Korea recently. Not only trying to solve micro-dust particle problems, but many industries are moving towards restoring the environment. Last year, in light of protecting the environment, many coffee shops in South Korea regulated the use of disposable cups in the cafés, and recently Starbucks had transitioned to using paper-made straws instead of plastic.
On the other hand, as the awareness for environmental issues increase, blockchain technology is being presented as a solution for environmental problems. The application of blockchain technology can easily be found in such areas. The globally known IT company IBM developed a carbon emission management system to reduce the micro-dust particle problems in China.
Also, Jeju, one of the states in South Korea, is planning on adapting the blockchain technology for waste battery management. Through blockchain, the state plans to manage the waste battery tests, separating and exporting of them during the supply chain process.
Nowadays, blockchain especially rising as a revolutionary solution for waste management problem. The ed Arab Emirates announced that it plans to launch a blockchain based waste management permission system. Even a startup called “Gooder” from the United States has launched a blockchain based platform that can reduce food waste. Gooder uses blockchain technology to track the source of the food waste from local restaurants and then repacks and transfers the food waste to facilities that need them.
The global IT company IBM came up with a suggestion for solving the problems of waste management as well. During the conference last month, “IBM Think 2019”, the company introduced 5 revolutionary technologies for solving the food shortage problem due to population increase. The technologies that IBM presented for the solution were along the lines of AI, blockchain, IoT etc.
IBM expects that blockchain may reduce unnecessary food waste significantly in 5 years. Accordingly, through the use of blockchain, all the producers/distributors of the farmed goods in the supply chain are able to track distribution amount, ordered amount, exporting amount in detail. Through the utilization of blockchain technology, a farmer can find out the number of crops that need to be harvested, and the manufacturer can find out exactly how much they need to order and distribute. Such as this, the blockchain technology will partake in significantly reducing the food waste in the next 5 years.
The solution above may be the fundamental method for minimizing the waste prior hand. Also, for this process, it would be best to utilize the blockchain based supply chain data management system to track the logistics process of the waste. However, SMEs do not have the capabilities of the larger corporations that independently operates supply chain data management. But, TEMCO’s supply chain data management platform has the infrastructure that SMEs can utilize for accomplishing the minimization of such waste, by covering just the usage of the smart contract fee that TEMCO’s platform is operated upon.
TEMCO connects the entire supply chain process data from the manufacturer to the final consumer through the use of Bitcoin smart contract-based supply chain data management platform. Since TEMCO’s solution uploads entire supply chain process data to the blockchain so that anyone can transparently track consumer purchase information, inventory, and more in an accurate and quick manner. Accordingly, the SMEs that use TEMCO’s blockchain based supply chain data management platform can detect the unnecessary inventory through the saved data on the blockchain and solve the issue of the increased amount of excess materials or the waste.
As our environment gets worse and worse everyday, TEMCO is leading to solving such issues about the environment and rising as the fundamental solution for these kinds of problems. TEMCO’s blockchain based supply chain data management technology not only restores the trust that was lost from the consumers but also support the preservation of the environment.
TEMCO: Innovative Supply Chain Data and E-Commerce Solution through Blockchain and Smart Contract Technology.
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