TE-FOOD – enters the blockchain as expansion
February 28, 2018 5:52 am,
Eat to live or live to eat? One can never get it right, after all, you only live once. Food is our basic needs for survival and it can be one of our hobbies as well – well, for a foodie. TE-Food, the world’s largest publicly accessible farm-to-table food traceability system is ow moving to the hype of cryptocurrency and blockchain system. Isn’t that a tad of happiness? TE-Food improves food safety and builds trust between the food supply chain companies, consumers and the authorities which are in the loop of the food community. Being first implemented in Vietnam, TE-Food tracks the food items throughout the whole food supply chain (be it the farm, slaughterhouse, wholesaler, retailer). It has over 6000+ business customers, tracks thousands of farm and poultry animals and now, it will be extended to tracking fruits and vegetables as well.
One of the greatest benefits is that despite using top-notch technologies, it is the cheapest solution available without the need to use any special equipment. TE-Food traces 12,000 pigs , 200,000 chickens and 2,500,000 eggs on a daily basis. As said earlier, it plans to extend its traceability into cattle, fruits and vegetables, fish and seafood and animal antibiotics soon. It aims to reduce the high number of effects of epidemics and food frauds in emerging countries globally and to educate people through incentivizing conscious consumer behavior.
TE-Food provides a mobile application which is role based. Roles here are farms, slaughterhouse, wholesalers etc. They have their own logistics transactions where they will update the sending and receiving of transports; food and safety information – which will provide weights and vaccination information etc; an identification tool management and finally an authority tool. TE-Food takes a step further into blockchain because the data provided must not be modified. The data is a common property of all participants and must be made public and democratic.
A total of 1,000,000,000 tokens will be issued out of which only 400,000,000 will be sold in the token sale. The token sale starts on 22nd February, 2018 and early contributors get discounts upto 30%. The token is represented by TFD and 1 TFD= $0.05 USD.