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Throughout November and December, the store shelves and restaurant kitchens were without Roman lettuce, a simple ingredient found in dozens of dishes. The bare shelves were the result of an E. coli outbreak that caused the nausea of 32 people and sent 11 to the hospital across the United States. Although the epidemic was relatively modest, coming from a small part of the vast production of Californian crops, the supply chain was neither transparent nor sufficiently complete to allow analysts to quickly identify the origins of the outbreak and stop it at the source.
The result was a huge lure that hit the lettuce from the contaminated farms of California and the crops of other regions of the world.
The latest epidemic and subsequent product recall are just the latest in a long list of supply chain failures that impact on every sector in various ways. For the food industry, product recalls negatively affect its bottom line, costing companies tens of millions of dollars each year. Meanwhile, other industries, particularly those that rely on quality or genuine components, are susceptible to fraud due to the lack of transparency and reliability in the supply chain.
Indeed, the modernization of the supply chain to alleviate these problems is a critical step forward for all companies, regardless of industry. As Harvard Business Review concluded in June 2018, "to make the best decisions, managers need access to real-time data on their supply chain, but the limitations of legacy technologies can nullify the goal of transparency end -to-end ".
Now, Temco, a blockchain-based supply chain management solution, is ready to help companies improve their digital supply chains. Temco is a global supply chain that applies smart contracts and blockchain public infrastructure to create a more efficient supply chain for all stakeholders.
Capacity increase without inflating costs
Especially for small and medium-sized businesses, Temco brings a level of supply chain infrastructure that can quickly switch from antiquated systems that are neither precise nor particularly accurate in one that is dynamic and transparent, influencing every part of their process.
Of course, this is not just an advantage for businesses. Consumers are uniquely influenced by a company's supply chain management and want a more transparent and interactive experience. Temco's platform allows companies to communicate more accurately and continuously with their customers on the progress of their orders. It also allows consumers to make purchasing decisions based on products that have gone through reliable supply chain management standards.
Temco is powered by RSK, an open source intelligent contract platform for Bitcoin. In applying its technology to the RSK ecosystem, Temco is directly connected to Bitcoin, the most popular and valuable digital blockchain and digital currency, while creating a platform for rapid data transfers, instant payments and scalability. functional.
Other blockchain-based supply chain platforms like Waltonchain are looking for similar capabilities, but are building their blockchain, which means they do not have the advantage of Bitcoin.
The TEMCO token
Temco's supply chain management solution is powered by the TEMCO token, a digital currency that pays for everything from transactions on the Temco market to smart contract rates. This flexible cryptocurrency is available on various cryptographic exchanges for broad use and is a modern solution for more efficient supply chain management.
At the same time, Temco encourages participation in the platform through Temco Points, an algorithmically calculated reward for contributing to and participating in the Temco ecosystem.
In this way, Temco encourages active participation in the development of supply chains able to meet the needs of our modern digital moment. In this way, small and medium-sized enterprises can enjoy the same capacity as the supply chain of much larger companies, and both business leaders and consumers will benefit.
The latest reminder of Roman lettuce is another reminder of the fact that our modern supply chain is incredibly poorly prepared to explain the real-time specificity required today. Temco is trying to make this a problem of the past by combining the latest advances in blockchain technology and smart contracts with Bitcoin, the world's most important blockchain and cryptocurrency. It could just be the difference that prevents the next disaster or the supply chain disaster.
