Founded in 2015, a team lead by Erik Arokszallasi and Trung Dao Ha had a mission to make business profit by solving social problems. TE-FOOD is a successful food traceability solution 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.
II. Technical Specifications
Total Supply: 568 million (August 23rd 2018)
Current Supply: 495 million (August 23rd 2018)
Market Cap All Time High: 26 million (May 6th 2018)
Exchange: IDEX, Kucoin, DDEX, Dex.top
III. Fundamental Specifications
Business social problems can be solve by TE-FOOD because TE-FOOD is a successful farm-to-table livestock and fresh food traceability solution. The items are tracked by TE-FOOD through the whole supply chain from farms to retailers and allows both consumers and authorities to gain food history and food quality insights. Ever wondered why certain products especially dairy products taste weird sometimes? Wonder no more because this can be solve with TE-FOOD by having information history throughout the whole process from producers to consumers.
TE-FOOD has the mission to make the food industry more transparent to the public in order to reduce the scale and effect of epidemics and food frauds in emerging countries around the world and at the same time educate people through incentivizing conscious consumer behavior. TE-FOOD uses traceability tools like plastic security seals, label stickers, RFID tags, printed paper bags and TE-FOOD scale labels to fulfill their goals. It has been two years since TE-FOOD has been implemented in Vietnam and since then it has grown to over 6000+ business customers, tracking 12,000 pigs, 200,000 chickens and 2.5 million eggs daily. The team also has plans to extend their tracking system to track cattle, fish and seafood, fruits and vegetables. Food-borne diseases are at an epidemic phase therefore incorporating TE-FOOD to the supply chain would be a benefit.
IV. Coin Index