Emerging technologies have proved to the world that is the next frontier is blockchain that is going to disrupt a wide range of industries and giving the user value for their money. TEMCO is a new entrant in the crypto-space set to change how users interact with supply chain management. The bottlenecks in the sector have hindered the development in the niche and this has seen an influx of several startups competing for the market piece of pie.
TEMCO aims at instilling transparency and reliability in the supply chain process. This will bring back the trust and confidence that has been lacking. The game changing system goal is to give businesses and consumers information and data that is verifiable, trustworthy and transparent.
Technology behind the TEMCO Ecosystem
TEMCO becomes the first ICO to be launched on RSK, a Bitcoin side chain and this has attracted a lot of attention with crypto enthusiasts anticipating the token to take up from the crypto market leader. SDK is a smart contract supported sidechain making it possible for startup raise funds.
The ecosystem will bring together major players in the manufacturing, warehousing, transporters and distribution companies to deliver authentic products to the consumer. All network affiliates will be vetted before being included. All products will have a special tamper proof tags that will be scanned to ascertain their authenticity to weed out any counterfeits.
Tagging will be supported by smart contracts that will ensure all service level agreements are adhered to for increased reliability. The system will make it easy to validate data and the three tier process include the data uploading to the system, data access through an API and the actual App that will display results for the users to verify.
TEMCO Tokens and their Role in the Ecosystem
The platform will have its own native exchangeable and transactional tokens to fuel the entire process. To participate on the network as individuals or companies, owning the tokens is necessary as an enabler to pay for the platforms’ service offerings. Token demand in the future will mean the price grows and this is one of the value propositions to the investor.
Users will be incentivized with points depending on their level of activity and points gained by being an active participant can be redeemed for tokens which will be tradable in exchanges where they are listed. It is envisioned that these will be changed into other cryptocurrencies and fiat as well.
The tokenization of the outfit will enable its user base easily and transparently track their goods through the TEMCO chain and will act as the main link between the vendor and consumer. However the toke has a wide range of uses like making payments for storing data, access to state of the art intelligence tools and products payments among others.
TEMCO ICO Project Structure
- Project name: TEMCO ICO
- Token name: TEMCO
- Token ticker: TENCO
- Price 1 TEMCO = 0.006333 USD
- Platform: RSK
- Accepting currency: BTC, ETH
- Anticipated soft cap: 5,000,000 USD
- Anticipated hard cap: 19,000,000,000
- Restricted countries: USA, China
Future of TEMCO in Supply Chain Management
TEMCO is a based on RSK side chain which runs on the Bitcoin and this could be a big boost for the token in the space. The platform is set to ride on Bitcoin goodwill for it to gain traction, visibility and appeal to all globally.
The producer of raw materials to the finished products has been elusive and this is what the system strives to accomplish. This will increase trust on products and more adoption will be as a result for the need to deliver authentic goods to the consumer and the demand for such a service has been overdue. However, there are other entities that are already in the supply chain market and the success of TEMCO will depend on their market strategies and route they are going to take to enter the market.
More information on the project ( TEMCO ) please visit their website listed below:-
WEBSITE: https://www.temco.io/
WHITEPAPER: https://www.temco.io/templates/temco_whitepaper_en.pdf
ANN: https://bitcointalk.org/index.php?topic=5027072.0
TELEGRAM: https://t.me/temcolabs
TWITTER: https://twitter.com/temcolabs
FACEBOOK: https://www.facebook.com/TEMCOLABS/
Author: cryptocat156
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2154730
Telegram username: @cryptocat15
My etherwallet: 0xf3fc5b884b0337976f064b4ee471edf8a626396e
Thank You!
Huge prospect... It's gonna be a hot cake in the immediate future.. Watch out
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