“Foundation X” and TEMCO Partnership Announcement!

Foundation X and TEMCO are now partners!

The world’s first Bitcoin-based (RSK) supply chain platform startup TEMCO, secures funding and partnership from “Foundation X”

“Foundation X” supports the TEMCO project through institutional investments, key advisory, and consultation for business model development .

OnOct 16th, TEMCO’s CEO, Scott Yoon, announced the successful investment and a strategic partnership with Venture Capital/Accelerator “Foundation X”.

Jay Hwang, the CEO of “Foundation X” and a Partner at “FuturePlay” mentioned that he strongly supports TEMCO’s ambitious goals, “through this partnership, ‘Foundation X’ and ‘TEMCO’ will not only develop the first Bitcoin-based dApp in Korea but will also revolutionize the logistics market through blockchain. Business Intelligence (BI) tool, will provide businesses to utilize Big Data stored on the blockchain.”

“Foundation X” will not only act as TEMCO’s investor but also as an accelerator. The “Foundation X” team will help TEMCO reach its true potential by investing in key technologies, support TEMCO’s upcoming TGE(Token Generation Event), and provide consultation for business model development.

Scott Yoon, the CEO and co-founder of TEMCO, is proud to be a partner of “Foundation X”, stated, “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.”

[About TEMCO]

TEMCO is a startup that utilizes blockchain technology to connect isolated supply chains and develops services to utilize the newly interconnected data. From the corporate-side, TEMCO provides companies with Business Intelligence (BI) tools, an analytics tool that helps companies efficiently access the data on the blockchain. From the consumer-side, TEMCO is developing applications where consumers can transparently view the distribution process from start to finish.

[About Foundation X]

“Foundation X” was established to develop blockchain startups and is a subsidiary set up in Singapore by one of South Korea’s leading accelerator “FuturePlay”. “Foundation X” already has a well-established portfolio of blockchain project development most notably accelerating the “Airbloc Protocol” and “Carry Protocol”.

For the latest news about #TEMCO, visit: https://temco.io/