It’s almost three months when we published our last progress update, so let’s summarize what did we accomplished, and what are we aiming for.

The average number of daily operations on our blockchain has grown from 250 000 to 300 000 (in May, it was 35 000) on Blocktivity.

We announced the new masternode structure and conditions, where you can start a masternode without any running cost, and get revenue based on USD, paid in ETH. We also onboarded 120 masternodes at the end of September.

Later, we announced the launch of Iridium nodes, where you can rent out your TFD licence tokens to our customers, and earn a rental fee, calculated in USD, and paid in ETH.

In August, Migros, the largest supermarket chain in Switzerland implemented TE-FOOD’s blockchain based food traceability solution to track and trace their fresh fruits and vegetables supply chains. The announcement got coverage on Cointelegraph, Forbes (amongst others), even Frank Yiannas, Deputy Commissioner of the FDA mentioned it on Twitter.

In September, we partnered with Jura, a global brand in the security printing solutions to provide copy-protected identification solutions for supply chains.

During the last month, we have been working on the masternode onboarding, and the Iridium registrations, but beside that, certainly there are a lot of activities behind the scenes.

The second phase of the Cofidec project is close to the finish, and is a prime example of traceability in its deepest sense, which tracks all activities from bedside preparation and seeding on the farms, to the many processing tasks in the factory to optimize and standardize the operations of the corporation.

Developers are working hard on the Trinidad Callaloo traceability project, which we expect to launch still this year.

During the next weeks, we will onboard another 100 masternodes, and 300 Iridium nodes will also start renting out their tokens.

We also plan to launch a new product in November, which complements our current activities, and opens up a new customer segment.

Besides all of these, we plan to publish a new, updated White Paper in the near future, to provide a complete overview of our activities.