TEMCO LABS | MISSION
Small and medium-sized enterprises (SMEs) do not have sufficient infrastructure or financial flexibility to offer supply chain management data to their customers. On the other hand, customers want more information about their orders more than ever. In the existing system, they only have access to basic shipping logs and estimations.
Using blockchain and smart contracts, the Transportation Enterprise Merchandise Customer Organization (TEMCO) Project will revolutionize supply chain management through innovative technology.
Our project will provide greater transparency and reliability across the entire supply chain process to deliver trustworthy information that empowers businesses and consumers.
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- Increases consumer trust from transparency & reliability across entire supply chain process
- Improves efficiency for businesses through streamlining supply chain
- Reduces cost for SMEs introducing management infrastructure & data analytics
Temco (TEMCO) is a supply chain management solution on RSK’s Bitcoin-based blockchain that allows businesses and consumers to segregate portions of the supply chain and access accurate data in real time, resulting in greater trust and transparency, as well as improved efficiency.
Holds everyone in the supply chain process accountable
The current supply chain infrastructure is broken, which regularly results in serious hazards for consumers, for instance, the possibility of illness and death as a result of improperly stored or handled food or medicinal products. There is a lot of pressure on supply chain managers to address concerns around these issues, but the system fails because there’s no suitable method in place for monitoring pre-delivery stages, and SMEs frequently don’t have the resources to implement them.
Temco proposes a three-part business model:
- Develop blockchain-based supply chain network
- Develop big data analytics tool and launch Temco market
- Provide big data analytics service and data
Need for consumer trust & SME infrastructure dictates Temco’s market potential
Every time there is an outbreak of foodborne illness, consumer trust in companies wanes, which can have damaging longterm repercussions. Temco’s team points to the 2017 pesticide-contaminated egg crisis as a recent example. The government…