TE-FOOD (TFOOD)

We Have The Right to Know What We Eat!

Review Score
3.98/5
ICO Price
0.05 USD
Pre ICO Price
N/A
Soft Cap
N/A
Hard Cap
N/A
Start Date
22 February 2018
End Date
22 March 2018

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.

Information displayed on CoinCheckup can be updated by the respective ICOs and/or Crypto representatives and does not present the opinion of CoinCheckup.com and/or the CoinCheckup team.

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis/stats on CoinCheckup.com and it’s subsites are for informational purposes and should not be considered investment advice and or the truth. Statements and financial information on CoinCheckup.com and it’s subsites should not be construed as an endorsement or recommendation to buy, sell or hold.

Please do your own research on all of your investments carefully. Scores are based on averages of third party websites.  Past performance is no indicative of future results. Read the full disclaimer here.