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Summary of TE-FOOD
- TE-FOOD is a blockchain-based farm-to-table food traceability solution aiming to provide transparency in the food industry.
- Benefits: improve consumer trust, brand exposure, supply chain insight, compliance with export regulations, brand protection, and quicker product recalls.
- Components: track and identify items and batches, capture and store data on blockchain, process and present data to consumers.
- Launched in 2016, serving over 6,000 business customers, performing 400,000 daily operations, and tracking products for 150 million consumers worldwide.
- Blockchain (FoodChain): public permissioned blockchain, enabling supply chain participants and consumers to maintain masternodes for decentralized traceability information.
About TE-FOOD: Revolutionizing the Food Industry through Blockchain Technology
TE-FOOD is a pioneering blockchain-based farm-to-table food traceability solution, dedicated to ushering in an era of transparency in the food industry.
TE-FOOD is poised to empower customers to bolster consumer trust and amplify brand visibility,
while gaining granular insights into their supply chain to optimize operational efficiency.
By leveraging our solution, customers can ensure compliance with export regulations,
safeguard their brands against counterfeiting, and facilitate swift product recalls.
As a comprehensive, end-to-end solution, TE-FOOD encompasses a multifaceted suite of components
designed to track and identify items and batches throughout the entire supply chain,
capture and store data on blockchain, process and analyze it, and present actionable insights to consumers.
Established in 2016, TE-FOOD has reportedly garnered a substantial client base of over 6,000 business customers, facilitating a staggering 400,000 daily operations. According to the team, food products monitored through TE-FOOD are accessible to a vast consumer base of more than 150 million individuals worldwide.
TE-FOOD’s blockchain, dubbed the FoodChain, is a public, permissioned blockchain that empowers both supply chain stakeholders and the consumer community to establish and maintain masternodes, thereby decentralizing traceability information and fostering a transparent ecosystem.
TFD, an ERC20 token, operates on the Ethereum platform, embodying a tokenized software license that empowers users within the TE-FOOD ecosystem to perform their desired activities. To utilize TE-FOOD’s ecosystem, all individuals and organizations must possess a requisite number of TFD license tokens.