TEMCO ICO is an innovative, advanced crypto platform which aims to solve different major issues in traditional supply chain management and hopes to provide modern tools and services for business concerns to help these ventures grow. The team behind this project is working relentlessly to come up with much awaited product and start serving for the supply chain. Lately, a lot of discussion has been carried out regarding its introduction of innovative, advanced technology for the supply chain. So, we took a glance to find out what’s what.


TEMCO ICO has started with the idea, how can products be distributed and de- livered to consumers in a reliable way? As previously mentioned, existing supply chain management systems do not satisfy consumers who demand reliability, mainly due to the fact that consumers do not have direct access to reliable information, instead receiving information verified by a third party only indirectly. The TEMCO project aims to ensure that accurate supply chain information is contained within a bIockchain when a product is transferred via Smart Contract. This connects manufacturers, warehouses, transport companies, distributors, and end consumers, enabling supply chain information to be shared in real time.


As a data and information-based supply chain solution, the TEMCO project seeks to achieve high connectivity between users, reliability of supply chain information, transparency and stability of supply chain information, and high efficiency.


High Connectivity between User:

TEMCO will store the product’s supply chain information from the manufacturer to the end consumer through smart tagging technology such as QR codes through a blockchain protocol. This creates a new type of distribution eco-system where all participants will be able to access the TEMCO platform anytime, anywhere. Manufacturers, warehouses, transport companies, distributors, and consumers will be connected on a single platform, and supply chain information, which was previously disconnected and difficult to identify, will be bundled together and shared by all participants.


Reliability or Supply Chain Informatio:

It is anticipated that all participants in the supply chain ecosystem except the end consumer will go through a vendor verification program implemented by the TEMCO project and follow the correct transport guidelines. By linking the transfer process between participants to a Smart Contract-based authentication system, supply chain information (product location, takeover agent, distribution environment, etc. can be collected without loss or tampering when the product is transferred from one operator to another. These two processes will help to ensure that the information contained in the blockchain is fully reliable, and the end consumer can confidently utilize this information.


Transparency and Stability of Supply Chain Information:

Supply Chain information stored on bIockchain-based peer-to-peer (P2P) networks is fully distributed and shared among users and verified through unspecified nodes in the system. Smart Contract based supply chain information is unmodifiable and recreated in the form of transparent information that can be verified by anyone in the decentralized system.


It is planned that information generated within the TEMCO platform will be stored on a decentralized server. Since a specific key value in a bIockchain can be backed up at any time, there is little possibility that an existing transaction can be altered by a malicious third party when a dispute occurs. Based on these features, TEMCO aims to transparently provide complete information to all consumers and vendors using the platform.


With multiple outbreaks of health hazards in food products such as the toxic insecticides found in eggs occurring in Europe, South Korea and other countries in 2017, consumers are faced with rising fears in relation to supply chain management.


Nonetheless, TEMCO ICO is envisioned as a public supply chain blockchain system that aims to utilize Smart Contracts 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 may be segregated and cut off from the each other, but TEMCO aims to make it possible to connect each participant through a blockchain so that the pre-delivery stages can be grasped in real time. 



FOR MORE INFO. :


ICO Name: TEMCO

Website: https://www.temco.io/

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

Facebook : https://www.facebook.com/TEMCOLABS/

Twitter : https://twitter.com/temcolabs

Telegram : https://web.telegram.org/#/[email protected]


AUTHOR PROFILE :

Bitcointalk ID: btc4future

BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1771077

ETH: 0xD8d4Ef13eAb0C88b2B7f37aa26E64247195A2Ee9