Temco ICO Review

TEMCO is looking to overcome the obstacles faced by conventional chain management systems. To that end, the company wants their stakeholders to be connected via a blockchain. This is to ensure that the pre-delivery phase is understood in real time.

Key Statistics

Premise

3/5 – Fair

TEMCO is looking to overcome the obstacles faced by conventional chain management systems. To that end, the company wants their stakeholders to be connected via a blockchain. This is to ensure that the pre-delivery phase is understood in real time.

The company is also banking on the possibility that it will be able to build consumer trust for the supply chain procedure. TEMCO is also looking to create an impact when its touted more effective supply chain management results in lowered cost.

TEMCO’s platform will be built around Rootstock, Bitcoin’s smart contract platform. The company is also providing consumers with an application that can keep tabs on supply chain data in real time. It also boasts an online market powered by a cryptocurrency payment standard.

Team

3.5/5 – Fair

TEMCO has a very young team, primarily composed of South Korean visionaries. The team is headed by co-founders Geunil Lee, Jaeseob Yoon, and Hongsub Lim. They also have two Lead Developers, a Business Development Manager, two Marketing heads, a Design Director, UI/UX Lead Designer and Front-End Developer. This main team is not connected with any other ICO companies.

The TEMCO team might be young and still idealistic, but their advisors are renowned veterans in the industry. Adrian Lai and Brian Lee of BlackHorse are both on board as advisors, along with the CEO of INNO Healthcare, Yongsik Kim. The team is also backed by TLDR co-founders Alex Yamashita and Graham Friedman. Meanwhile, Gabriel Kurman of RSK and BitGo’s Will O’Brian are Board Advisors.

Token

4/5 – Good

TEMCO will be using Tokens as a mode of payment in purchasing products and services once its ecosystem has been established. These tokens will also be used to pay for Smart Contracts.

Sales of Tokens will be used for the development of TEMCO’s platform and ecosystem. Participation will be conducted via Ethereum (ETH) and Bitcoin (BTC). At the moment, TEMCO’s token sale is still being hashed out. There’s also no news regarding which countries tokens wil be offered to.

Proceeds from the token sale will be broken down into the following – 40% product development, 25% marketing, 20% business development, 10% emergency uses, and 5% legal issues.

The company will also be utilizing a Points system for its sustainable reward format. TEMCO Points will be awarded to vendors who use the platform as a sign of appreciation and also as a reward for those who join in community activities. The amount of points a user receives will be calculated by the company based on the value of said individual’s contribution.

Vendors can also be awarded Points based on their products’ monthly rankings and quarterly sales growth. Vendors can also convert their Points to Tokens and use them to pay for their subscription fee or Smart Contract.

Risk

3/5 – Fair

TEMCO has laid out a pretty extensive roadmap on its whitepaper. While impressive, the duration can make investors feel nervous, especially with the number of companies offering blockchains and supply chains.

The company has also claimed that their system will be decentralized for security. However, the inclusion of permitted or private chains sound contradictory.

Garnering tokens or being awarded points might also be tipped to benefit larger and more stable companies. Comments and ratings can still be manipulated regardless of security measures and this could result in an uneven playing field.

Summary

3/5 – Fair

TEMCO’s goal on supplying a better supply chain management system is admirable. However, their strategy of using blockchain raises several questions, chief of which is whether this is really the best way forward as a solution. After all, there are numerous ICOs offering something similar. The competition alone would be a monumental challenge to a group that’s just starting.

TEMCO is not unique in its ideas though. A lot of companies are also making their own supply chain blockchains. And like TEMCO, most of these systems are interoperable with other supply chains. They also place a lot of power on the founding team. A more reliable checks and balance would be better.

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Global From Asia ICO Briefing does extremely early-stage research of token offerings. As the project progresses, details may change significantly or completely. Always do your own research and do not invest more than you can afford to lose.

The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.

Reviews

Admirable

★★★☆☆
3 5 1
TEMCO’s goal on supplying a better supply chain management system is admirable. However, their strategy of using blockchain raises several questions, chief of which is whether this is really the best way forward as a solution. After all, there are numerous ICOs offering something similar. The competition alone would be a monumental challenge to a group that’s just starting.

Temco ICO Review Overall rating: 3 out of 5 based on 1 reviews.

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