TEMCO Announces Strategic Partnership with Klaytn

TEMCO, a blockchain based supply chain data management, and e-commerce platform announced a strategic partnership with Klaytn, developed by Ground X, a subsidiary company of Kakao Corp, known for its globally renowned messaging service KakaoTalk. TEMCO is klaytn's initial blockchain service partner, expecting mass user adoption of blockchain based e-commerce platform, “GUHADA”, through the partnership.

TEMCO and Klaytn share a strong belief in the promise of blockchain technology and its applications. Both will work jointly promote healthy blockchain ecosystem, including increasing the accessibility of the blockchain based services and usability of TEMCO’s upcoming blockchain based e-commerce platform with supply chain authentication system, GUHADA. Blockchain ecosystem on GUHADA will add innovation in distribution record tracking and authenticity verification of the secondary luxury goods. In addition, GUHADA’s users can be rewarded a number of ways, including the participation in the activities such as writing product reviews, authenticity verification, writing fashion trend articles and more.

TEMCO’s CEO Scott Yoon stated, “Through the partnership between the both companies, accelerated growth for the mass adoption of the blockchain is expected.” Also added, “From the easily accessible blockchain applied services, the users will be able to conveniently access GUHADA’s features”.

Accordingly, Jason Han, CEO at Ground X, who manages the entire development process of Klaytn mentioned that “With TEMCO, we are planning on providing successful user experience for bringing blockchain industry to the next level” also, “Klaytn will continuously recruit partners to develop a stable eco-system.”

About TEMCO

TEMCO is a company developing a blockchain based supply chain data management and an e-commerce platform for luxury goods; working to provide blockchain based API services to companies for efficient supply chain data management and e-commerce platform businesses. Additionally, TEMCO is developing a BI tool (Business Intelligence tool), planning on becoming a total IT solution company.

About Klaytn

Klaytn a blockchain platform providing an easy development environment and friendly end-user experience. It is built upon solid reliability and significant stability with substantial service development for mass adoption. The platform allows real world applications of large scale to be produced right away so that our end-users can make full use of services without much expertise in blockchain or cryptocurrency. Klaytn seeks to convey the value and potential of blockchain technology to people.

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