TE-FOOD is a blockchain-based solution designed to provide farm-to-table traceability for food products. The primary aim of TE-FOOD is to enhance food safety, support fair trade, foster trust among supply chain participants, and mitigate corruption within the food industry. It achieves this by leveraging blockchain technology to track and document the journey of food items from their origin to the consumer, ensuring transparency and integrity in the food supply chain.
TE-FOOD operates on a blockchain platform, using a combination of public and private ledgers to manage different aspects of its solution. The public ledger deals with token transactions using TONE tokens, while the private ledger is used to store traceability data. TE-FOOD employs RFID tags, security seals, and QR codes to identify and track products throughout the supply chain. Consumers, supply chain companies, and regulatory bodies can access this data to verify the quality and origin of food products, facilitating greater transparency and accountability.
TE-FOOD has multiple use cases across the food industry:
TE-FOOD was established in 2016 by TE Ltd., a Vietnamese company, with the objective of providing a traceability system for livestock and fresh foods. The company was founded by Trung Dao Ha, Erik Árokszállási, and Marton Ven, all of whom bring extensive experience in IT and project management. Starting with operations in Vietnam, TE-FOOD transitioned to a blockchain-based system in 2018 to enhance its traceability solutions. Over the years, it has scaled to serve over 6000 businesses globally, partnering with major entities like Swiss supermarket Migros. TE-FOOD's technological evolution includes the use of RFID and blockchain to secure and manage food traceability data, reinforcing its commitment to food safety and transparency.
The TE-FOOD price is $0.00058683 AUD, representing a +0.81% from the day prior.
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The trading volume of TE-FOOD (TONE) is $58 AUD in the last 24hrs, representing a +0.81% from the day prior.
TE-FOOD (TONE) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of TE-FOOD (TONE) is $358.1K AUD.
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The current circulating supply of TE-FOOD (TONE) is 622.3M.
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