TEMCO ICO Review – The Supply Chain of Korea
What is TEMCO?
TEMCO is sole supply chain solution out of SK (South Korea). It's the first Asian platform created on top of RSK's block and an artificial contributor of RSK. TEMCO platform's aim is to utilize smart agreement tech to overcome the restrictions of present supply chain management ecosystems. In the existing ecosystem, the info from any sole contributor in the system is normally processed separately and segregated from the other contributors. This can lead to a few major problems and lets for huge margins for faults within the supply chain.
But with TEMCO platform, it becomes possible to link any contributing side in the supply chain by applying block tech. that'll allow every step in the procedure to be recorded in actual time and in return, will outcome in a smaller margin for mistake.
As an outcome, firms will be capable to reduce internal mistakes within their supply chain, which will outcome in less mistake cost for the business. When a firm uses TEMCO for their supply chain requirements, they'll be capable to make a more sound framework to their firm's system, eventually resulting in fewer expenses due to mistakes within the ecosystems.
Also, TEMCO addresses the need for top quality items within the system. In the present supply chain model, it's very challenging to verify the level of quality of an item that a firm claims to have. And in the present model, it's almost impossible to track where a fault in production or delivery actually happened, creating very hard for a firm to fix its mistakes.
With TEMCO platform's supply chain solution, the items in the firm's system can be tracked and managed via the complete chain, from the item making to delivery. And, it can be done for minimal expenses when compared to other block and smart agreement options. If a mistake does happen in the supply chain while applying TEMCO, it'll be much simpler to track down the place of the mistake than ever before.
Therefore, one of their main goals to help manage food item safety at the GOVT level including the Ministry of Forestry and Agriculture and the Drug and Food Administration.
What Network Are They Running On?
TEMCO platform will run on RSK system.
About RSK:
RSK is the first public source smart agreement platform with a two way peg to BTC that also rewards the BTC miners through merger mining letting them to lively participating in the intelligent agreement revolution. RSK's aim is to add worth and features to the BTC system by allowing smart agreement, near instant payments and top scalability.
What makes TEMCO platform Unique?
TEMCO actually allows uploading data on block via their seller app. The app procedure is as simple as scanning a QR code attached to the item. Info is mechanically uploaded via IOT, and TEMCO finds the blind marks while integrating with existing ecosystem APIs to link the complete procedure.
Also, the business intelligence device is a tool that makes TEMCO even more sole. While getting the supply chain info onto the block is vital, it's not very meaningful without analysis and aggregation. TEMCO's business intelligence tool analyzes and visualizes supply chain info, including user detail, in real time to offer insight into the business. Also, with this info organized and delivered by the business intelligence device, business will not just have more info, but the will also have info that's delivered in a clear manner to aid with issue solving.
Lastly, users can track supply chain data in actual time. Imagine being capable to see where your meal has been and where it'll be going, all before you buy it. These similar users have the skill to buy these items that are being tracked applying TEMCO from an inner market platform embedded in the app at lower at lower costs applying for digital money. Consumers don't have credit card fee and sellers don't have to pay high listing fees. With TEMCO users now have a solution that instills faith in the item's quality and, at the similar time, have the skill to conveniently purchase from these newly trusted sellers.
What Do I Like About its Idea?
Personally, I'm very bullish on supply chain solutions applying block tech. I forever have been and I forever will be. I actually believe integrating block into the present supply chain models will be one of the most revolutionary aspects of this tech.
For instance, imagine you're capable to track an item of fruit from the garden it was harvested in entire the way to the grocery shop. Therefore, if there was ever a sickness that entered the batch of fruit, you as a user would be capable to pinpoint the right location where the fruit, become sour. This'd be revolutionary for the food sector.
And this just 1 example of a sector where supply chain solution applying block tech would be revolutionary.
Also, I like that TEMCO platform is coming out of SK. As we know, SK is one of the largest supporters of Block tech and virtual money. This is the primary supply chain solution coming out of SK that I'm aware of, which makes me a bit more excited to see the power of TEMCO has in leading state.
Important Links for the information about TEMCO platform:
• Web site: http://temco.io/
• Whitepaper: http://temco.io/templates/temco_whitepaper_en.pdf
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