TEMCO, a blockchain-based supply chain platform, has joined hands with Foundation X, a Venture Capital, in a bid to get support for its upcoming token generation as well as business model development consultation.

Speaking about the collaboration, a Partner at FuturePlay, who’s also the CEO of Foundation X, said that:

“It is very exciting that the first Bitcoin-based dApp in Korea is supported by Foundation X. Also, one of the reasons for the investment is the global partnership that TEMCO has established. It was impressive how TEMCO has a good relationship with RSK, which is one of the notable technical partners.”

The co-founder and CEO of TEMCO, Scott Yoon, on the other hand, had this to say:

“We are honored to be supported and funded by a leading accelerator such as ‘Foundation X’. The TEMCO team will work hard to meet the high expectations set up by the high-profile partnership.”

Foundation X To Be TEAMCO’s Investor And Accelerator

Foundation X will be TEMCO’s investor as well as an accelerator, helping the firm reach its goals. It will invest in TEMCO’s technologies and support its upcoming Token Generation Event (TFE) and also offer the much-needed business model development support.

TEMCO And Foundation X Businesses

TEMCO is a blockchain-based startup that aims to connect isolated supply chains, developing unique services for the benefit of businesses in the industry. The firm also offers companies with Business Intelligent tool to help them access interconnected data efficiently on the blockchain. Currently, TEMCO is also developing applications that will enable consumers to view distribution process transparently.

Foundation X is also a blockchain-based startup under the umbrella of FuturePlay. The company boasts a good number of huge blockchain projects, including the Carry Protocol and Airbloc Protocol.