Buy TE-FOOD (TONE)

What is TE-FOOD?

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.

How does TE-FOOD work?

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.

What are the potential use cases for TE-FOOD?

TE-FOOD has multiple use cases across the food industry:

• Food Traceability: It tracks livestock and fresh farm products through the supply chain, offering insights into the origin and handling of food items.
• Supply Chain Management: Provides a cost-effective and transparent solution for managing food-related logistics and quality control.
• Marketplace: Offers a platform for agricultural produce trading within its ecosystem, powered by TONE tokens.
• Environmental Sustainability: Rewards consumers engaging in environmentally friendly practices, promoting sustainable behaviours in the food industry.

What is the history of TE-FOOD?

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.