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Author Topic: [ANN][ICO] TE-FOOD: World's largest fresh food supply ecosystem on blockchain  (Read 7280 times)
TE-FOOD
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TE-FOOD provides trust for food supply chains


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September 14, 2017, 03:20:58 PM
 #1

TE-FOOD, the world’s largest
publicly accessible, farm-to-table food traceability system
is moving to blockchain and tokenization.


TE-FOOD is a successful food traceability solution, used by 6,000+ companies, managing more than 400,000 transactions each day, reaching 30 million people.

We are dedicated to improve food safety, fight off corruption, support fair trade, and build trust between the food supply chain companies, consumers, and authorities in the emerging markets.

We believe that building a sustainable business on food safety is much more efficient to make difference than any type of aid.


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TE-FOOD in numbers


TE-FOOD Q&A


Why do you focus on livestock and fresh food?

Almost 80% of food frauds are perpetrated on livestock and fresh food products (seafood, dairy products, and meat products are in the forefront). Each year, one in ten people in the world becomes ill after eating contaminated food, causing more than 400,000 deaths yearly (according to World Health Organisation). Also, the overuse of antibiotics in food animals threatens public health. Mitigating this problem is our main mission.

Why do you focus on emerging countries?

Emerging markets contain more than 50 countries, representing 60% of the world's population and 45% of its GDP. Around 2/3 of the food frauds are executed in emerging countries. According to studies, Compound Annual Growth Rate (CAGR) of food traceability is the highest in Asia-Pacific (16.7%) compared to the rest of the world (5.5-8.7%). Growing middle-class in emerging countries, and increasing awareness among population drives growing demand for consumer level product history insight. Our technology and implementation methodology fits perfectly in the needs of emerging countries.


What is unique in TE-FOOD?

While food safety professionals and organisations always emphasize the importance of whole-chain food traceability, in reality very few such system exist. Even the most popular one-up-one-down systems (when traceability exists only within a supply chain participant's processes from purchasing to selling) are rare in emerging countries. TE-FOOD tracks millions of items on a daily basis in more food categories, through the whole supply chain. Such achievement is extremely rare in this scope and range of products.
TE-FOOD combines modern technology with low-cost implementation and operation, providing a viable solution for emerging countries.
We also have a detailed, practical implementation roadmap to help companies and authorities successfully implement traceability. This makes our solution scalable.


Why do you need ICO, if it's a working solution?

While TE-FOOD has decent revenues, the system is ready and the implementation methodology is well polished, the adaptation of blockchain technology, and the international expansion needs significant funds. Implementing a whole chain traceability system needs a lot of professionals working together for at least 8-12 months. Strategy planning, legislation management, communication with companies, social organisations, and consumers, technology implementation, data migration, process customizations, trainings are the largest steps of such implementation project.


Are you able to execute your plans?

Our team has 21 years of experience in mission critical system development. We have the best professionals to execute the strategy, sales, and technology sides of our plans. As we developed one of the largest whole-chain traceability systems on the world, we have real life knowledge and experience in implementing traceability systems in emerging countries.


Why does food traceability need blockchain?

1.   Food supply chains – especially in the emerging countries – are poisoned with frauds and corruption, which led to untrust. Data provided within the chain is always debated. The incorruptible, unalterable data storage structure of blockchain increases the credibility of the supply chain data for consumers, supply chain memebers, authorities and NGOs.
2.   A single, general food safety ledger improves supply chain efficiency (through the mitigation of redundant identifications and activities, such as double vaccination, or double use of antibiotics) and leads to decreased costs (by enabling quick, targeted recalls, instead of expensive wide-scale recalls).
3.   It's an interoperable platform which serves data to customers and companies even beyond country borders, which is a legit requirement in a globalized world.


What is the business model of TE-FOOD?

TE-FOOD has more implementation models. It can be implemented by a company (food producer, retailer) to require traceability data from its suppliers, or it can be implemented by a government for the whole supply chain in one or more geographical regions / food categories. For government implementations, TE-FOOD prefers PPP (Public Private Partnership) model, where the government acts as regulatory authority, not as customer. TE-FOOD provides consultation services for the authorities, does the implementation, and trains the supply chain.
TE-FOOD’s revenue sources:

1. Selling physical and logical identification materials
2. Charging transactional costs
3. Selling food transport environment sensors
4. Charging monthly or sales volume dependent fees on the marketplace


What will be your token used for?

TE Coin tokens represent a payment tool to use within the TE-FOOD system. It can be used for the following purposes:

1. Pay for transactions
2. Pay for value added information
3. Rewarding conscious consumer behavior for using our Consumer mobile app.




How TE-FOOD works

TE-FOOD enables all companies of the fresh food supply chain to manage logistics and food safety related data in their operations. Identification tools of various technologies are applied to livestock, transports, and fresh food packages to follow the items throughout the whole supply chain. Fresh food products in retail can be traced back to their origins together with food safety related information.

Current status

TE-FOOD is ready and in use by thousands of companies each day. The following achievements are accomplished:

  • B2B mobile app with custom processes and functions for each role(e.g. farm, veterinary, etc.) and food category (e.g. pig, chicken, etc.). All processes, modules, functions are reday, tested, and in production for pig, chicken, and egg categories. (available for Android and iOS)
  • Cost effective QR code and RFID based animal, transport, andpackage identification tools (security seals, label stickers, printed bags, etc.)
  • Public consumer mobile app to check food history whileshopping (available for Android and iOS)
  • Integrated retail solutions (cashier box, smart scales, digitalsignage kiosks)
  • Zalo.me compliant QR codes to reach 60M+ users
  • Controlling and enforcement mobile app for authorities (veterinaries,police, market control)
  • Standard interfaces to connect third-party solutions
  • Farm management mobile app (inventory management, feeding, vaccination)
  • Implementation guidebook with step-by-step roadmap and training materials, focusing on emerging countries, both for private and governmental customers.

Blockchain

Blockchain will be implemented for two purposes:

Token transaction ledger

The token payment solution will be implemented on a public network using TFOOD, an ERC20 token, which represent the identity and information data of tracked items. Supply chain participants will use it to buy transactions in the system.

Traceability transaction ledger

Transactional and food related information will be stored on a private blockchain, and will be driven by an internal technical token: the Transaction token.




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Ardhi
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September 14, 2017, 03:23:58 PM
 #2

is this a chinesse project or where dev, cause no fence I see so much project from chinesse has been banned since them ban an industries who develope their bussines using ICO or crypto
TE-FOOD
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September 14, 2017, 04:01:00 PM
 #3

is this a chinesse project or where dev, cause no fence I see so much project from chinesse has been banned since them ban an industries who develope their bussines using ICO or crypto

No, it's not a Chinese project.

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September 14, 2017, 04:28:32 PM
 #4

I think that this project will be successful and can be applied in a lot of countries. Does this project only aim the Vietnamese market? Or do you plan to export it in other countries? But i understand it should at first be successful in Vietnam. Blockchain technology is the way to go to keep a trace of all kind of things.
I wish you success in this project.

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September 14, 2017, 04:38:27 PM
 #5

there is no information on how much total coin supply, team work, and social media contacts, I think it can affect the valuation of a coin

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September 14, 2017, 04:44:52 PM
 #6

Will be any airdrop or how the coins will be distributed ? And on what exchanges we should see this coin?
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September 14, 2017, 04:48:29 PM
 #7

is there a bounty for the project you developed dev? because if yes, I would gladly join the bounty campaign for this project, because I see something exciting for this project, good luck to you and your project dev

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September 14, 2017, 05:26:04 PM
 #8

At first the idea seemed a little silly, I mean, who's going to use blockchain to track live stock and all. The current system seems fine. But reading it more  I guess it could be something useful for the live stock industry if tracking a pig can cost just a dollar.

How much does the tracking cost that industry in it's current form?

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TE-FOOD
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TE-FOOD provides trust for food supply chains


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September 14, 2017, 07:14:59 PM
 #9

I think that this project will be successful and can be applied in a lot of countries. Does this project only aim the Vietnamese market? Or do you plan to export it in other countries? But i understand it should at first be successful in Vietnam. Blockchain technology is the way to go to keep a trace of all kind of things.
I wish you success in this project.

Thank you for your kind words. The project aims international markets, but our focus is on the emerging countries. The TE-FOOD Vietnam project has large publicity in Vietnam and the neighbouring countries, and there are already negotiations about implementation in ASEAN countries as well as in South Africa.

The project is already quite successful in Vietnam, the HCMC government is very determined to improve food quality in many areas.


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September 14, 2017, 07:19:20 PM
 #10

a very interesting project to follow how the development for the future, this makes this project with a reasonable concept, hopefully the development of this project is good for future investment, really a very interesting project, good luck for your project
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September 14, 2017, 07:21:04 PM
 #11

Finally a project of the real life. One question : What is the difference between you and modum.io?
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TE-FOOD provides trust for food supply chains


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September 14, 2017, 07:31:03 PM
 #12

there is no information on how much total coin supply, team work, and social media contacts, I think it can affect the valuation of a coin

You are totally right. We are working on the details, and we will release more info soon.

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TE-FOOD provides trust for food supply chains


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September 15, 2017, 05:16:26 AM
 #13

Will be any airdrop or how the coins will be distributed ? And on what exchanges we should see this coin?

We are working on it, we will release all materials in the cominng weeks.

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TE-FOOD provides trust for food supply chains


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September 15, 2017, 05:38:45 AM
 #14

is there a bounty for the project you developed dev? because if yes, I would gladly join the bounty campaign for this project, because I see something exciting for this project, good luck to you and your project dev

Thank you. We plan translation and content sharing bounty. We arre working on the terms. I will PM you when it's releaed.

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September 15, 2017, 05:44:01 AM
 #15

when open ico selling dev ?
how much total suply coin
not open bounty

i want reserve indonesian translation if you need

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September 15, 2017, 06:00:23 AM
 #16

When can we expect for the ICO to start? Will you guys use Ethereum platform to create tokens or you will create your own wallet to store the tokens/coin

Thanks
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September 15, 2017, 07:38:16 AM
 #17

At first the idea seemed a little silly, I mean, who's going to use blockchain to track live stock and all. The current system seems fine. But reading it more  I guess it could be something useful for the live stock industry if tracking a pig can cost just a dollar.

How much does the tracking cost that industry in it's current form?

Thank you for sharing your thoughts.

Using blockchain in livestock tracking has more advantages. Maybe the most important is that a blockchain based ledger is incorruptible, unalterable. Livestock trading is fulll with abuses and frauds all over the world. Using a system which is fed by data by people and sensors and the data can be read, but not altered later means more credibility for the supply chain and the consumers.

Using blockchain for contracting and payment within the supply chain means further advantages, but these are the areas which are much harder for supply chain participants to accept, so a careful planning is needed on how to implement them.

Tracking costs vary in different industries and technologies. For cattles in the USA, RFID ear tag based traceability costs start at $2-5, and this is not a whole chain traceability cost, but just the farmer's cost. We are by far cheaper than that.


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September 15, 2017, 10:18:51 AM
 #18

a very interesting project to follow how the development for the future, this makes this project with a reasonable concept, hopefully the development of this project is good for future investment, really a very interesting project, good luck for your project

Thank you for your kind words, we hope during the ICO many people will find TE-FOOOD an interesting investment. Smiley

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September 15, 2017, 10:26:42 AM
 #19

with all the issues with china ... it is super great to trace livestock and their food! lololol you should also start a search for who that dude is that gives FATBOY that super wierd haircut also!


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xenomorphe1
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September 15, 2017, 10:41:30 AM
 #20

At first the idea seemed a little silly, I mean, who's going to use blockchain to track live stock and all. The current system seems fine. But reading it more  I guess it could be something useful for the live stock industry if tracking a pig can cost just a dollar.

How much does the tracking cost that industry in it's current form?

Thank you for sharing your thoughts.

Using blockchain in livestock tracking has more advantages. Maybe the most important is that a blockchain based ledger is incorruptible, unalterable. Livestock trading is fulll with abuses and frauds all over the world. Using a system which is fed by data by people and sensors and the data can be read, but not altered later means more credibility for the supply chain and the consumers.

Using blockchain for contracting and payment within the supply chain means further advantages, but these are the areas which are much harder for supply chain participants to accept, so a careful planning is needed on how to implement them.

Tracking costs vary in different industries and technologies. For cattles in the USA, RFID ear tag based traceability costs start at $2-5, and this is not a whole chain traceability cost, but just the farmer's cost. We are by far cheaper than that.



I think it is good to have a tracability of livestock. Do you imagine, they won't be able to falsify the expiration date of the meat they are selling? (Maybe they still can, but it will be more difficult and it will be easier to detect)
And you will be able to know the place of origine of the livestock. If there was a virus epidemic. It will be more easier to locate it and destroy the epidemic. So i think it can only be beneficial for everyone. But it needs to be seriously done.

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