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 will be able to choose products that have passed through reliable supply chain management standards. Businesses will be able to increase efficiency by streamlining supply chain process and structure using the TEMCO platform. They may also increase profitability by optimizing product sales strategy using supply chain information within the blockchain.
TEMCO will also capitalize on the advantages of a 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 consumer application and platform for big data analytics. The application will increase consumer confidence in products by providing real time supply chain information from beginning to end. The platform for big data analytics based on the data collected in the blockchain will enable SMEs to develop a low-cost supply chain infrastructure and to gain business insights.