[NEWS] TEMCO, selected for government accelerated program in Singapore!

BMW, Intel, IBM, Nielson, KIP and more, providing mentoring and partnerships to blockchain startups

B lockchain-based supply chain data management and e-commerce platform TEMCO, announced that the company was selected for the official government supported start-up acceleration program through Tribe Accelerator, on 29th of March.

Tribe Accelerator derived from of Trive, well-known venture capital in Singapore. The Tribe has supported over 800 start-up companies about the past 7 years, to facilitate the growth of the blockchain ecosystem, while Tribe has been continuously working with the Singapore government. Accordingly, Tribe Accelerator provides an excellent acceleration program that provides opportunities to globally renowned enterprises, governments around the world, and blockchain companies to meet and make partnerships. Tribe Accelerator is providing the first accelerating program that is supported by the Singapore government for the growth of blockchain space.

Tribe Accelerator selected the recruits for the accelerlation program based on the plausibility of the blockchain based application, the business model, and the real use case examples for the supply chain, fintech, mobility, and data, etc.

The program at this time includes BMW Group Asia, Intel, Johnson & Johnson, HSBC, and more global companies, to connect with 10 blockchain based companies including TEMCO. On one hand, TEMCO team is attending the Masterclass event on 29th of March, which is supported by United Nations and European Union, to discuss the commercialization of the blockchain technology.

The outreach of the program starts in April this year, will begin from Masterclass, networking events, mentoring sessions until July, and final wrap up in Singapore. The events will be conducted in 4 countries including Seoul, South Korea.

TEMCO is currently developing an online open market platform, GUHADA. GUHADA is a differentiated open market platform that is community-based, ensuring consumers to receive authentic luxury goods with Vendor Verification System (VVS) and recording of all transaction data through the use of blockchain and smart contract technology, providing everyone with transparent information.

The platform also offers insurance assistance for the purchase of luxury goods products, making sure that consumers are protected. The community based open market platform employs the rewarding system as well, in which, all users of the platform are rewarded for activities within the platform such as product reviews, authenticity appraisal, general comments about luxury goods, etc.

Through such a business model, TEMCO is receiving heightened attention by globally renowned companies throughout the program that started on March, 27th. TEMCO’s technical skills to commercialize blockchain ecosystem has been approved by many, and GUHADA is already receiving heightened attention, being the first blockchain based e-commerce model in South Korea.

Tribe Accelerator’s managing partner Yi Ming Ng stated:

“We are proving support for the startups to acquire exceptional skills,” “Especially through the partnerships with globally renowned companies, we are curious about the benefits that companies will bring to the blockchain space.”

Much more activities and news are expected from this event and TEMCO is out in Singapore to make new acquaintances and deliver exciting news to the TEMCO fans.

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We will be back with more exciting news and announcements!!

Stay tuned!