In this article we will learn about project Temco which will bring revolution to supply chain system as its using blockchain technology.

Basic goal of any supply change management is to manage demand and supply. To achieve this, the effective system should have transparency, reliability, security, market growth and so on.

Today’s industrial age supply chain management network is facing many issues and challenges like globalization, customer or consumer preference and market growth.

And here comes Temco.
Temco is using blockchain Technology to overcome all the challenges and issues which are being faced by existing supply change management system, thus bringing the revolution in this area.

In today’s digital world, every system needs to be faster processing, secured, transparent and reliable. These things can only be possible by using blockchain technology.

ICO Bench and Track ICO has given a rating of 4.6/5 to this project, so imagine the good things about it.
Now lets see how Temco is providing a revolutionary solution in supply chain system and thus providing some special features both to vendor and consumer.

Like, Stay connected, from point of origin till destination- you can Track, share, and access real-time data anywhere anytime through highly linked blockchain.

Then, Credibility- you can Trust your product vendors as they are getting verified by Vendor Verification System called VVS.

Transparency- This is the most important requirement for today’s supply chain system.

Data collected through smart contract in blockchain is highly transparent. This is achieved by blockchain’s consensus algorithms.

You can trace your product anytime so that you can see the issues if any and then can quickly solve it

Business growth- Through business insight tool you can easily identify OFIs i.e opportunities for improvements, thus ensuring growth to your business.

Now what are the advantages using Temco?

Vendor verification, which we already mentioned above, its one of the main feature.

Linked data- the feature of tracability- Smart tags track the entire supply chain process from point of origin to final consumers. Thus it help companies operate efficiently while reducing cost.

Real Reviews- Consumers who purchased a product can post reviews. Using blockchain for verification, TEMCO eliminates the risk of fake reviews. Thus the system ensures to rate the vendors and consumer can only deal with highest rating vendors for their solution.

It also provides marketplace, so one stop shop we can say.

Also , Its business intelligent tool provides insight to your business, identifying opportunities for growth.
Now about Temco’s mission

Using blockchain and smart contracts, the Transportation Enterprise Merchandise Customer Organization (TEMCO) Project will revolutionize supply chain management system through innovative technology.

Which will provide transparency, tracability, business intelligence as we already discussed about its features and advantages.
Now lets see what technology Temco is using to build the revolutionary system

It uses big data and blockchain technology altogether so combining and making an innovation — smart contract , big data wear house and blockchain. smart contracts help to upload the data to blockchain which then gets migrated to big data.
Here the token model is given

At one end we have vendor and at other end we have consumer. All transactions will be in Temco tokens.

Monthly top reviewers, highly rated business , and feed back writes will get more tokens.

So consumer reviews help increase ratings for vendors and so on.
About partners and investors,

Temco’s strong partners includes, Korea investment partner, other are RSK, TLDR, blockchain and so on.

One important thing to mentioned that its the first time Korien investment partners has backed this project by more than 2 billion us dollers.

You can visit the website for more details about it.
Now lets discuss about Temco Team

Brian Lee- Co- founder and CTO, having 10 plus years experience in It, also in global market and capital risk and data analysis

Scott Jesob yoon- Co founder and COO

Having 6+ years of experience in corporate finance, and equity market,

Hong sub Lim- , co founder and coo, having experience in B2B marketing,

Then Yong chul Kim who is the lead developer.

You can go through the website for details on other team members.
You can read the whitepaper for more in depth technical details about this project.

Whitepaper Link :- https://docsend.com/view/eiawynp

So the conclusion is, I see the revolutionary concept here which uses or applies blockchain technology to achieve what is today’s and future requirement to existing supply chain system.

Temco website:- https://temco.io

Hope you have liked this article