TEMCO is used for data upload transaction fees when cold chain and luxury category sector participants upload data to the TEMCO platform for the use of TEMCO’s logistics blockchain platform service.
In addition, it is used as a service payment fee for luxury category vendor participants in the platform to list products in the premium product section of TEMCO’s marketplace and staking as a governance token to become a new genuine vendor participant by being recognized as a member of the governance council within the TEMCO platform.
Lastly, it is used as a governance token to exercise voting rights for the authentication of products listed in the TEMCO marketplace in the governance council that verifies the authenticity of products.
GUHADA, TEMCO’s blockchain based cross border platform specializing in luxury products, announced on the 15th that it has signed a contract with TRENBE, a global luxury goods platform, and has become an official certified partner to supply more than 200,000 luxury goods data.
The two companies plan to stably commercialize the vast luxury digital data that GUHADA has built in conjunction with boutiques in Europe on the TRENBE platform.
GUHADA directly contracts with about 50 boutiques in Europe that luxury brands have granted official sales licenses, and receives digital data they possess in real time by developing API integration technology.
The number of direct contracted boutiques that integrate inventory in real time on the blockchain based luxury cross border platform GUHADA has exceeded 40. This is the largest scale in terms of direct integration among Korean domestic online luxury cross border platforms, selling more than 180,000 items from about 1500 luxury brands such as Prada, Thom Browne, Gucci, Burberry, and Saint Laurent in real time.
In fact, the process of synchronizing the IT information of different boutiques is difficult, but GUHADA integrates directly with each boutique’s IT system to integrate and manage product information, inventory, orders, shipping and other data within its own platform. This enables us to provide faster and more accurate product information than our competitors in Europe, and provides customers with an easy and convenient cross border purchasing experience.