TEMCO was featured on one of the most influential finance media in the world, Forbes!
Greetings everyone!
As the main sale coming up on Christmas Eve, TEMCO has a big story to share! TEMCO was featured on Forbes.com (Forbes Magazine), in an article focused on the use of blockchain technology for supply-chain management.
The Forbes article explained the current status of the existing supply-chain management systems and how blockchain technology can help reduce errors in the systems. TEMCO is one of the solutions in the future that can change the current situation.
Not only mentioning how TEMCO can improve the current situation, but can also benefit small, mid-sized (SMEs) enterprises, and consumers.
TEMCO’s CEO Scott Yoon explained several factors about TEMCO that focuses on how TEMCO can improve the current supply-chain systems and benefit SMEs and consumers.
These are some significant factors that Scott Yoon talked about regarding the TEMCO solution and its application for the real world.
- TEMCO is not the first blockchain project to revolutionize the existing supply-chain management systems. However, it is the first blockchain project that is funded by the largest venture capital in South Korea, “Korea Investment Partners” also known as KIP. TEMCO is the first blockchain project that is based on the Bitcoin Network through Rootstock (RSK) and RSK is one of the major partners that TEMCO is working with.
- The TEMCO project is utilizing the Bitcoin Network through RSK’s Smart Contracts because RSK has a low gas fee comparatively and high transactions per second, compared to other smart contracts, which makes RSK more ideal for supply chain data management to run on. Also, the Bitcoin Network is known for being the largest, most dominant, and secure network. All the above makes great sense for TEMCO to run on its network.
- TEMCO will provide both B2B and B2C solutions. For businesses/SMEs TEMCO solution will provide a Business Intelligence tool that will support businesses to analyze sales data and gain business insights. For consumers, through smart contacts, it will provide real-time information to consumers, so that they can be continuously updated about the location of their products, providing transparency.
- The SMEs are expected to gain from partnering with TEMCO and the use of TEMCO solution is that they can avoid the cost of building such supply chain management infrastructure from the ground up, which will involve a large amount of personnel and increase in costs. TEMCO can use its Bitcoin Smart Contract(RSK) based supply-chain data platform to get around the expenses. Also, SMEs can customize which supply chain data that they want to share with the consumers, so that way they can increase the trust and reliability while cutting out the unnecessary data, if any, to minimize the workload and the cost, an efficient task load.
- TEMCO tokens are utility tokens that allow both SMEs and consumers to be actively involved in the platform. This way, holding onto TEMCO tokens is justified. It is not only for the exchange offer but also for the activity in the platform that will benefit both.
To find out more details, please read the original article on Forbes.com:
https://www.forbes.com/sites/geraldfenech/2018/12/18/the-supply-chain-revolution-on-the-blockchain/#18e4486b4054
Thank you for reading and please participate in our upcoming main sale on Christmas Eve, Dec 24th!!
“TEMCO: Supply Chain Management Powered by Blockchain”
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