TE-FOOD, the world's largest farm-to-table food ecosystem is moving to blockchain and tokenization.
TE-FOOD is a successful farm-to-table fresh food traceability solution, focusing on emerging markets. Since 2016, TE-FOOD has been implemented in Vietnam. As a farm-to-table solution, TE-FOOD tracks the items through the whole supply chain (farm, slaughterhouse, wholesaler, retailer) and provides tools to both consumers and authorities to gain food history and food quality insights.
TE-FOOD has grown to over 6000+ business customers, tracking 10,000 pigs, 200,000 chickens, and 2.5 million eggs daily. In 2018, it will expand to track cattle, fish & seafood, and fruits & vegetables.
Foodborne diseases around the world are accountable for the hospitalization of 700 million people and 400,000 deaths. The global food traceability solution market will reach $15.1 Billion by 2021. Compound Annual Growth Rate is highest in Asia-Pacific (CAGR: 16.7%) vs. rest of the world (5.5-8.7%). Traceability effects are medical (fewer foodborne illnesses and deaths), social (consumer demand, need for trust), and economical (less product recall costs, supporting export, transparency, VAT revenue).
TE-FOOD provides physical identification tools, mobile and web based software solutions in a PPP model (low/no upfront fee, and long term contract). TE-FOOD charges for the identification tools, and the transactions in the system. Our customers are governments, private companies, and professional organizations.
TE-FOOD is a traceability solution optimized for emerging markets. It’s the cheapest solution on the market, with no need for special equipment. Business model fits local markets, making it a profitable business. Our detailed, practical implementation guide ensures scalability in other countries.
TE-FOOD is a joint project of a Hungarian and a Vietnamese company, currently employing 25 people. For international expansion, all rights and activities will be incorporated into a new single company: TE-FOOD International GmbH. Leaders of the new company have over 20 years of business and IT experience.
To raise funds for international expansion and development of blockchain transaction ledger. Blockchain provides transparent trust based solution for international operation. Tokenization with smart contracts eliminates volatility as a unified financial transaction management solution.
TECoin: issued as a utility token by TE-FOOD.
Total coins issued: 1,000,000,000 (100%)
Sold in token sale: 400,000,000 (40%)
Token sale hard cap: US$16,000,000
Token sale starts on January 8, 2017. Early contributors can get discounts up to 30%.
ICO site: https://ico.tefoodint.com
Website: https://www.tefoodint.com/
Facebook: https://www.facebook.com/tefoodintl/
Twitter: https://twitter.com/TE_FOOD
LinkedIn: https://www.linkedin.com/company/11284449/
YouTube: https://www.youtube.com/channel/UCt4dONFbQCo1qC14mF0Z9_g
Bitcointalk thread: https://bitcointalk.org/index.php?topic=2176849.0
Telegram channel: https://t.me/te_food