TEMCO {Proposal for an Integrated Supply Blockchain}

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TEMCO is a supply chain platform on RSK blockchain. We connect isolated supply chain systems and offer real-time data services through our business intelligence tool and consumer application.In existing systems, information is disconnected. As a result, consumers have doubts about product quality, and companies operate ineffectively. We connect isolated supply chain systems and offer data services. Using our business intelligence tool, companies gain new business insights. For consumers, we provide a consumer application to track real-time supply chain data and an online market with a cryptocurrency payment feature.TEMCO is a public supply chain blockchain system that utilizes Smart Contract to overcome the limitations of existing supply chain management systems. In the existing system, the information of each distribution participant within the supply chain process was cut off, but TEMCO has made it possible to connect each participant through a blockchain so that the pre-delivery stages can be grasped in real time. This not only builds consumer trust regarding the supply chain process, but it also has a cost-cutting effect through more efficient supply chain management.The TEMCO project aims to create a system that can overcome the limitations of the existing supply chain management system by utilizing Smart Contract within the public blockchain ecosystem. The goal is to enable all participants to have access to real-time information on the entire supply chain process from production through distribution to sale at retail outlets. Through TEMCO, consumers can select products that have passed through a reliable standards. Companies are expected to increase their profitability by streamlining supply chain structure and building a competitive product sale strategy through the TEMCO platform.

The cost of introducing infrastructure for SMEs can also be drastically reduced. In the past, it took several billion won to develop supply chain management infrastructure for SMEs. The TEMCO platform, however, connects every stakeholder under a single platform without the need for a large initial investment, as the only cost is for Smart Contract execution without any additional subscription fees.There is also an advantage in strengthening the product safety mechanism. In the existing system, it was difficult to identify the cause of quality-related claims. With the introduction of the TEMCO platform, it is possible to trace distribution history down to a single order, which can help identify the responsible party if a dispute occurs. Therefore, it is expected that it will help manage food safety at the government level including the Ministry of Agriculture and Forestry and the Food & Drug Administration.TEMCO also took advantage of the private blockchain. Confidential information that should not be disclosed can be managed without being exposed on the platform.The TEMCO team will also build a TEMCO marketplace where suppliers and consumers can participate.

1. High Connectivity among the users

Utilizing TEMCO QR code and smart tagging, data collection of the product(s) from the manufacturer to the consumer are saved in the blockchain database based on its protocol.Through this, all the users of the system can log into the TEMCO platform from anywhere and at anytime, creating a new supply network ecosystem.

2. Trustworthiness of the product information

Excluding the final consumer, participants of this supply network ecosystem will be going through rigorous vender verification process and follow proper logistic/circulation guidelines. Also, using smart contract confirmation and circulation verification connected to the information of the products being transported from one company to another, so that more genuine and detailed information about the products(location, data, transporting company, circulation environment etc…) can be collected without edited or missing.Having these two processes inserted into our blockchain database, unlike the usual/pre-existing logistics system, we can increase reliability and earn more trust from the consumers through verified and confirmed information.

3. Transparency of product information and safety

Based off of P2P (Peer-to-Peer) network, any information saved in the blockchain system can be spread and shared with all of the participants and non-specific node within the system can be used to verify and confirm the information coming in or created. Unchanged product information under smart contract base within abandonment proof system are renewed as transparent information that anyone in the system can check.Information created or submitted within the TEMCO platform gets saved/recorded in dispersed servers, and it is backed up into the system by a special rating system within the blockchain, so that in a case of an accident, the previous transaction record cannot be edited by the third party. Allowing the participants of the system to receive or view genuine information of the product(s) in real time.Based on these features, anyone utilizing TEMCO platform will be able to receive complete and genuine information.

4. High efficiency of the product information

Excluding the major company or a large corporation, others who are involved in the manufacturing and distribution business understands that there is a need for informative supply network, but passive about investing in it. However, the TEMCO project is working on providing a solution for those who are passive about investing in a supply network, without the need to dedicate large investment on such infrastructure, using an open platform system.

5. TEMCO Market

TEMCO is planning on making direct connection between the manufacturers, distributors, and consumers, through an online market.The Information about the products and services of the manufacturers and distributors which has been verified through the vendor verification system and additionally verified by the TEMCO’s verification, can be registered into TEMCO market, and the consumers can purchase products from these verified manufacturers and distributors above in TEMCO market, using TEMCO token.If the distribution structure is simplified through this kind of method, manufacturers and distributors can reduce the operational expense, consumers can purchase reliable products. Ratings of the manufacturers based on the review system, is connected to TEMCO market as well. TEMCO market will act as a “hub”, connecting everyone in the supply chain network.So far we have discussed TEMCO’s operation cycle and its main characteristics.

Token details

Token : TEMCO
Price 1 TEMCO = 0.0063333 USD
Product Type Platform
KYC : Yes
Whitelist : No
Registration Country : Singapore
Hard cap : 19,000,000 USD
Accepting : ETH, BTC
Restricted countries : China, United States of America