The Supply Chain industry is witnessing the most vigorous disruptions using blockchain technology. Temco aims to join the wave.
Temco is a public blockchain with the smart contracts that are used to overcome limitations of supply chain supervision in management. Small and medium-sized enterprises (SMEs) are sometimes not in a position to offer their consumers in-depth information on supply chain management data. Using RSK blockchain on Bitcoin’s platform, Temco offers real-time data services via its business intelligence tool. The company also provides consumers with an application that can keep tabs on supply chain data in real time. It also boasts an online market powered by a cryptocurrency payment standard.
Temco is a public blockchain with the smart contracts that are used to overcome limitations of supply chain supervision in management
The Temco project aims to ensure accuracy of the information contained in the blockchain when a product is transferred through a smart contract. Temco will be using tokens as a mode of payment in purchasing products and services once its ecosystem is established. These tokens will also be used to pay for smart contracts. This will ensure better interoperability and transparency between producers, warehouses, transportation companies, distributors, and end consumers.
The team comprises of young South Korean visionaries. These entrepreneurs are supervised by veteran advisors to guide the project through a volatile market. Temco has potential to succeed in the decentralised supply chain industry and may well turn out to be a destination for SMEs to partner, in instances where they cannot afford to partner with the blockchain supply chain giants, such as Maersk and Walmart.