What is TE-FOOD?
TE-FOOD is a successful farm-to-table livestock and fresh food traceability solution, focusing on
emerging markets. Since 2016, TE-FOOD has been implemented in Vietnam. As a farm-to-table TE-FOOD solution, TE-FOOD tracks the items through the whole supply chain (farm, slaughterhouse, wholesaler, retailer) and provides tools to consumers, supply chain companies, and authorities to
gain food history and food quality insights.
TE-FOOD has grown to over 6000+ business customers, tracking 12,000 pigs, 200,000 chickens, and 2.5 million eggs daily. In 2018, it will be extended to track cattle, fish & seafood, and fruits & vegetables.
Foodborne diseases around the world are accountable for the hospitalization of 700 million people and 400,000 deaths annually. The global food traceability solution market will reach $15.1 Billion by 2021. Compound Annual Growth Rate is highest in Asia-Pacific (CAGR: 16.7%) vs. rest of the world (5.5-8.7%). Effects of traceability are medical (fewer foodborne illnesses and deaths), social (consumer demand, need for trust), and economical (decreased product recall costs, supporting export, transparency, increased VAT revenue).
TE-FOOD provides physical identification tools, mobile and web based software solutions in a PPP model (low or no upfront fee, and long term contract). TE-FOOD charges for the identification tools, the data transactions made in the system, and custom services. Our customers are governments, private companies, and professional organizations.
TE-FOOD is optimized for emerging markets. Despite it uses modern technology, it’s the cheapest solution available, with no need for special equipment. The business model fits emerging countries, making it a profitable business. Our detailed, practical implementation guide ensures scalability in other countries.
TE-FOOD is a joint project of a Hungarian and a Vietnamese company, currently employing 30 people. For international expansion, all rights and activities will be incorporated into a new single company: TE-FOOD International Ltd. Leaders of the new company have over 20 years of business and IT experience.
To pre-sell tokens which can be exchanged for services within the system. Our main plan for 2018 is international market expansion. We have detailed roadmap to launch TE-FOOD in 17 countries within 5 years. Blockchain provides transparent trust based solution for international operation. Tokenization with smart contracts eliminates volatility as a unified financial transaction ledger solution.