Unlike the commonly known supply blockchain system, TEMCO is working on “how to improve the distribution process to gain more trust from the consumers."
The usual supply chain management system is focused on tracking records of the products and documentations created during the process of delivery. But what TEMCO is proposing is different than commonly known supply chain network.
TEMCO is focused on providing the accurate and direct information from the manufacturing process to the point until the product is delivered to the consumer. The project is also focused on connecting the manufacturer, distribution center, transportation service, and the consumers, all in one, so that data about the product(s) can be shared in real-time as well.
Through this kind of data based new supply chain network solution, TEMCO project is focused on 1) High connectivity among the users, 2) Trustworthiness of the product information, 3) Transparency and safety of product information, and 4) High efficiency of the product information.
High connectivity among the users
Utilizing TEMCO QR code and smart tagging, data collection of the product(s) from the manufacturer to the consumer are saved in the blockchain database according to its protocol. Through this, TEMCO platform can be accessed from anywhere and at anytime.
Trustworthiness of the product information
The system that TEMCO is developing utilizes smart contract confirmation and circulation verification connected to the information of the products, when they are being transported from one company to another.
Whether manufacturer to the distributor or distributor to the wholesaler, participants of the supply chain and consumers can receive genuine and detailed information about the products (location, data, transporting company, circulation environment etc.), which can be collected without being edited or gone missing.
Transparency and safety of product information.
Any information saved into the blockchain can be spread and shared with all of the participants and non-specific node within the system. The smart contract can be also used to verify and confirm the information coming in or created. Then the information is saved into dispersed servers, and it is backed up into the system by a special rating system within the blockchain.
High efficiency of the product information.
Whoever is involved in the manufacturing and distribution business understands that there is a need for informative supply network, but most of them are passive about investing in it. So, for those who are passive about investing in a existing supply chain network, do not need to dedicate large investment on such infrastructure, using an open platform system from TEMCO.
Participants of this new supply network ecosystem can digitalize all the processes, increase the creation of diverse information about the products, improving the supply/delivery management, service innovation, and meet the quality expectations of the consumers.
