Kucoin.com listed TE-FOOD on June 15 2018, you can now buy TE-FOOD token.

“We have the right to know what we’re eating.”

This is the catchphrase for TE-FOOD is the world’s largest and most successful food traceability solution. In utilizing the blockchain, they propose that a distributed ledger based system would vastly improve scalability and value to their offchain product. Their farm-to-table system is live and fully operational. The Vietnam/Hungary based company started in 2016 and serves 6000+ business customers, handles 400,000 transactions per day and reaches over 30 million people. Their commitment is to improve food safety, stave off corruption, and support fair trade while building trust between food supply chain companies, consumers and authorities.

Their focus is emerging countries which accounts for 60% of the world’s population. Approximately ⅔ of all food fraud comes from these unregulated countries. With increasing awareness among the world population, there is a demand for product history, insight and transparency. There is an alarming rate of issues being discovered like the 2008 Chinese Milk Scandal where 300,000 infants were poisoned through unscrupulous food production as well as corrupt authorities sweeping the issues under the rug. It’s no wonder why there is an outcry for regulatory authorities to intervene. TE-FOOD distributed ledger will provide a much needed level of transparency that benefits all involved.

Useful DYOR Information

Today’s Date : June 15, 2018

CoinMarketCap URL: https://coinmarketcap.com/currencies/te-food/

Webpage: https://ico.tefoodint.com/

Coin Name : Te-Food

Total Supply : 567,917,833 TFD

Circulating Supply : 451,308,738 TFD

Market Cap : $8,901,568 USD

Ico Price : $0.019724 USD

Tokens/Money Raised Through ICO : 14,400,000 USD (UP TO 36% BONUS)

Time Zone : (GMT+2)

White Paper : https://ico.tefoodint.com/te-food-white-paper.pdf

Token Type : ERC20

Blockchain Traceability

Utilizing RFID (Radio-frequency identification), security seals and sticker labeling, TE-FOOD can track the entire life cycle of their products ensuring safety, transparency, and a verifiable quality product. Their technology will be applied in the handling and transportation of livestock, fresh food packages, and will have trackable data points throughout the supply chain. In this manner, there will be a digitally verifiable trail traced back to its origins for ensured authenticity. They currently use their B2B app to trace twelve thousand pigs, two hundred thousand chickens and 2.5 million eggs per day.

Their system employs a B2B mobile app for data entry onto the ledger while their B2C app allows customers access to product information. These are the systems that provide step by step oversight of the produce from farm to market. Within these two systems is separate ledgers and tokens:

Token Transaction Ledger

The token payment solution is made through a public network using TE-FOOD, an ERC20 token which represent the identity and information data of the tracked items. Transactions will be made on this supply chain system.

Traceability Transaction Ledger

All transactions and relevant food related information will be made available on a private blockchain. This will use its own transaction token.

These two entities will maintain their own individual wallets. The public network will have a TE-FOOD wallet and the private network will have a transaction wallet respectively.

The traceability ledger uses TFD tokens for payment by the participants. This ledger provides valuable information in the documentation of treatments the product has undergone. If a pig has been treated with antibiotics, it is recorded on the ledger and can be assessed throughout the supply chain. This will address the overuse of chemicals. The company selling the product sets a price for this information and the buyer pays with TFD tokens via the wallet.

Another benefit is consumers are rewarded with TFD for utilizing the B2C app. Additionally, they have the option of food analysis services. Part of the product is sent in for analysis and the resulting information is sent back in electronic format to the consumer. This allows for a confident sentiment that the customer is receiving a safe and quality product. Another powerful element is the token holders ability to rate the supply chain companies. Company scoring ensures constant positive pressure which incentivizes improvements.

Token Distribution

With a 2 year lockout period, the project is well situated for organic development.

Strong established presence

Finally, a key factor is TE-FOOD has a working off-chain business structure with a solid customer base that already generates revenue. This imparts a sense of assurance that supports investment with its viability. With this comes the imminent availability for implementation of blockchain technology. This combined with a prosperous partnership with ZALO, a Vietnamese app similar to Viber with over 70 million users, puts this project in line for the potential adoption on a mass scale. This project has an existing foundation, strong moral direction, and the firm intention to build strong relations with both the government of Vietnam and its large scale retailers.

Social Media Information :

Facebook

URL : https://www.facebook.com/tefoodintl/

Likes : 39837 likes, 40493 followers

How Many Posts / Updates In The Last 7 Days : 1 Posts

Twitter

URL : https://twitter.com/TE_FOOD

Followers : 10.3k followers

How Many Tweets / Retweets In The Last 7 Days : 7

Telegram

URL : https://t.me/tefood

Users : 10200 members

Telegram Admins

User Name : @arokszallasi

User Name : @Cammy2904

User Name : @marton_ven

Reddit

URL : https://www.reddit.com/r/TE_FOOD/

Readers : 987 subscribers

Youtube

URL : https://www.youtube.com/channel/UCt4dONFbQCo1qC14mF0Z9_g

Subscribers : 198

Medium

URL : https://medium.com/@te_food

Followers : 2.3k followers

How Many Updates In The Last 7 Days : 1

LinkedIn

URL : https://www.linkedin.com/company/te-food/

Followers : 245 followers

How Many Updates In The Last 7 Days :

Extra

If you find more social media platforms or chats or other links please put them here.

Staff / Team Info :

Name : Erik Arokszallasi

Title : CEO

Bio : Enterpreneur, leader of two successful corporate IT development companies in Hungary (Erba Ltd., Flexsys Ltd.). 23 years of leadership, and IT project management experience.

LinkedIn : https://www.linkedin.com/in/%C3%A1roksz%C3%A1ll%C3%A1si-erik-83880635/

Name : Trung Dao Ha

Title : CEO

Bio : Enterpreneur, president of the High Tech Association HCMC. 20 years of strategic leadership, marketing and sales experience in Asia and Europe.

LinkedIn: https://www.linkedin.com/in/trung-dao-717b0228/

Name : Marton Ven

Title : CMO

Bio : Enterpreneur, marketing leader of IT development companies (Erba Ltd., Flexsys Ltd.). 21 years of marketing, sales and project management experience.

LinkedIn : https://www.linkedin.com/in/marton-ven-09a9567a/

Name : Gergely Koves

Title : Project Manager

Bio : Former Ernst & Young consultant, and long time manager of environmentally conscious projects.

LinkedIn : https://www.linkedin.com/in/gergely-k%C3%B6ves-b1200b150/

Name : Katalin Vereczkey

Title : Food industry expert

Bio : Master in Plant Protection, 18 years at Syngenta in several managerial position for diverse portfolio & agriculture technologies in broad geographical areas. Experineced in Digital Agriculture at different companies.

LinkedIn : https://www.linkedin.com/in/katalin-vereczkey-7260432b/

Name : Dr. Gabor Pajor

Title : Food industry expert

Bio : Veterinary — Informatics. 20+ year experiences in data analysis, data science, data mining. Digital Agriculture expert in the Big4 environment, founder of the Hungarian Precision Agriculture Association.

LinkedIn : https://www.linkedin.com/in/dr-gabor-pajor/

Name : Dr. Michael Patching

Title : Independent Animal Welfare and Husbandry advisor

Bio : Australian Veterinarian with a Masters in International Animal Welfare Ethics and Law and 13 years experience as a large animal veterinarian. Michael is the current Vietnam Livestock Services Manager for Meat and Livestock Australia (MLA).

LinkedIn : https://www.linkedin.com/in/michael-patching-7bb05090/

Name : Endre Jobbagy

Title : Blockchain and business advisor

Bio : Founder and CEO of Interticket, a traditional software company operating globally. Co-founder of Blockchain Competence Center, a European management consulting and professional service company specialized in the Blockchain industry

LinkedIn : https://www.linkedin.com/in/endre-jobbagy/

Name : Daniel Csendes

Title : Blockchain technology consultant

Bio : Founder and CEO of Interticket, a traditional software company operating globally. Co-founder of Blockchain Competence Center, a European management consulting and professional service company specialized in the Blockchain industry.

LinkedIn : https://www.linkedin.com/in/danielcsendes/

Name : Istvan Szukacs

Title : DevOps, blockchain team

Bio : Over 15 years of experience with various Fortune 500 companies and startups. He has managed changes in large scale infrastructures without downtime while customers were actively using the system. Besides engineering István has experience in managing onshore & offshore software teams delivering mission critical systems.

LinkedIn : https://www.linkedin.com/in/iszukacs/

Name : Abraham Endre (Silur)

Title : Chief Architect, blockchain team

Bio : Cryptographer and programmer. One of the authors of cSploit and contributor to known security frameworks, former member of zCash team, member of Monero team.

Name : Attila Szabo

Title : Lead Developer, blockchain team

Bio : Over 12 years of experience in software engineering, focusing on large scale systems in the financial, chemical, big data space. 6 years experience in part time lecturing in computer science (ADA, Java, TDD, Parallel programming).

Name : Miklos Csaszar

Title : Senior sotware engineer

Bio : 11 years of software development experience. Server side back end professional.

LinkedIn : https://www.linkedin.com/in/mikl%C3%B3s-cs%C3%A1sz%C3%A1r-979b2ab2/

Name : Tamas Biro

Title : Mobile app developer

Bio : 10 years of software development experience with corporate, mission critical systems.

LinkedIn : https://www.linkedin.com/in/tamas-biro/

Name : Gergely Mate

Title : Software developer

Bio : 5 years of software development experience. Specialist of AI algorithms.

LinkedIn : https://www.linkedin.com/in/gergely-m%C3%A1t%C3%A9-1816ba7a/

Name : Zoltan Vadovics

Title : Software Developer

Bio : 13 years of software development experience.

LinkedIn : https://www.linkedin.com/in/zolt%C3%A1n-vadovics-560462104/

Name : Zoltan Meszaros

Title : Software developer

Bio : 8 years of software development experience.

Name : Adam Klein

Title : Software Developer

Bio : 6 years of software development experience.

Name : Laszlo Szentmiklosi

Title : Hardware/software developer

Bio : 14 years of hardware and embedded software development experience.

Name : Bence Kadar

Title : Data base Specialist

Bio : 6 years of database administration experience.

LinkedIn : https://www.linkedin.com/in/bence-k%C3%A1d%C3%A1r-72539013a/

Name : Gyorgy Varga

Title : Senior IT infrastrucutre engineer

Bio : 17 years of Linux system administration experience.

LinkedIn : https://www.linkedin.com/in/gyorgy-varga-77b52015/

Name : Jozsef Tatar

Title : IT infrastrucutre engineer

Bio : 11 years of system administration experience.

LinkedIn : https://www.linkedin.com/in/tatar-jozsef-88782739/

Company Address : An der Technologiewerkstatt 1, 72461 Albstadt, Germany