TE-FOOD is the world's largest publicly accessible, farm-to-table food traceability system. It's a ready product with live operation. Started in 2016, it serves more than 6000 business customers, and handles 400,000 transactions each day.TE-FOOD is the only fresh food ecosystem which integrates supply chain companies, consumers, and governments/authorities to improve food safety, eliminate food frauds, and decrease costs of the supply chain companies. TE-FOOD's main focus is on the emerging countries, which account for 60% of the world's population, but need massive technological disruption because of the level of distrust in their food supply chains.
Short Brief about TE-FOOD ICO Startup with a score of 6.9, and this report was written on 22 June, 2018.
Ico Start date was on 22 February, 2018, and the first post on bitcoin forum we see is on 13 September, 2017 with Subject [ANN][ICO] TE-FOOD: World's largest fresh food supply ecosystem on blockchain.
Subject started by TE-FOOD who now has 235 and the status Full Member on BT website.
ICO Startup has chosen Ethereum token staging and collected raise $19,100,000.
Agreement is reached with the government of Ho Chi Minh City to implement TE-FOOD. Preparations of the implementation started immediately.
TE-FOOD launched in 12.16.2016 for pig and pork tracking in HCMC region.
Training of chicken farms and egg producers starts. In total, more than 10,000 people is trained.
On 01.09.2017, chicken and egg traceability started in 22 vietnamese regions. National livestock registry contract is signed with the Ministry of Agriculture in Vietnam, Livestock Production Department.
In the pilot phase, the system is used in 4 provinces in Vietnam to regularly report about the status of the livestock.
TE-FOOD International Ltd. is founded. All TE-FOOD rights and contracts are transfered to TE-FOOD International. Token based operation of TE-FOOD starts before the Token Sale. TE-FOOD token sale starts in February, 2018.
Cattle tracking will be implemented in TE-FOOD. Tracking of fruits and vegetables will be implemented in TE-FOOD. TE-FOOD offices are established in 2 target countries.
TE-FOOD Marketplace extends logistical and food safety data, with trading possibilities with conditional smart contracting possibility.
The sensor equipped tools log directly to blockchain, and contain smart locks which can be opened only by specific users, and log their status. Extending the existing functions (inventory, feeding, vaccination), new modules are available, according to the G.A.P. standards.
Identification tools are extended by a facial recognition system for cattles. The R&D project starts in Q1, 2018. Two new TE-FOOD offices are opened in target countries.