Short decription

Wabi

Product genuineness verification combined with a retail payment solution and loyalty system.

TE-FOOD

Fresh food supply and quality ecosystem, which tracks livestock and fresh food from farm to table, involving supply chain companies, consumers, and authorities.

Traction

Wabi

Market tested as a pilot

500 downloads on Google Play

TE-FOOD

More than 6000 business customers, daily 400,000 transactions, serving 30 million consumers

Consumer app: 50,000 downloads, B2B app: 10,000 downloads on Google Play

User focus

Wabi

Consumers

TE-FOOD

Supply chain companies, governments/authorities, consumers

Markets

Wabi

Currently China, later international

TE-FOOD

Emerging countries

Product focus

Wabi

Baby food, cosmetics, alcohol, pharmaneuticals

TE-FOOD

Livestock and fresh food

Technology

Wabi

RFID based label

Consumer mobile app

Blockchain protocol

TE-FOOD

QR code and RFID based labels (plastic and paper based)

B2B mobile app

Web based desktop app

Consumer mobile app

Blockchain protocol

Sensor hardware

System hierarchy

Wabi

Client layer (app for consumers)

Blockchain protocol layer

TE-FOOD

Client layer (B2B app, consumer app, authority tools)

Blockchain protocol layer

Token usage

Wabi

Spending on Walimai protected products

Getting tokens for purchasing Walimai protected products or by participating in other marketing activities

Buying and selling WaBi coins

TE-FOOD

Just like Ethereum users pay gas price for transactions, supply chain participants will need to pay by TECoins for transactions to use TE-FOOD’s blockchain traceability ledger.

Supply chain companies can request paid value added information from their suppliers.

Consumers get TECoins as reward for using our consumer mobile app in retail, reading the QR code and viewing the food history, so the system incentives conscious consumer behavior.

Potential cooperation

Short term: not likely, due to the different product segments and target market

Long term: Wabi could read and understand TE-FOOD QR codes on livestock and fresh food products imported to China.

Disclaimer: We collected the above data from Wabi’ web site and documents available on the internet. We apologize if we missed any information.