TE-FOOD ICO Value Proposition
The TE-FOOD ICO proposes that a distributed ledger-based system would both add value and scalability to their offchain product. It may seem far-fetched for some readers, but in emerging markets there is significant distrust among consumers toward the food industry and even regulatory authorities due to the excessive use of chemicals, cases of poisoning etc.- only technically unalterable logistics and food quality data can provide real credibility.
How Does Te Food Work?
Before we get into how the system works, there are some things to cover. For one, Te Food is saying that they have a ready product complete with live operation. They also have an established background that has an extensive 21 years of business history backing it. They are aiming to be the future proof system for what they call a new token economy.
As of date, they have the most traction of any B2B Token Sale platform that has been developed. There are more than 6,000 customers in business customers working with them. And with more than 400,000 transactions a day they are at the top of the industry. 30 million people are currently being served by the platform. Not only that, but there are 10,000 users being trained every year.
It’s said to be one of the largest markets in the world. It has massive growth and is popping up in several emerging countries. There is over 15 billion being used in a completely traceable market. The platform also has the goal of supporting local governments in different areas around the world in countries like Cambodia and Laos.
Hopefully, the platform will have a giant impact society. Some of the goals are to decrease food frauds, improve public health, and to change the way that antibiotics are used in animals used for food. Also, there will be a major focus on the effects of climate change and what’s happening in the world.
Te-Food gives companies the ability to control how the infrastructure of safety operations related to food are managed. They use various tools to log and track transports, and how fresh food items are handled on the supply chain. This means that fresh food can always be tracked back to its place of origin for the sake of information related to food safety.
TE-FOOD provides physical identification tools, mobile apps and web based software solutions in a PPP
model (low upfront fee, and long term contract). TE-FOOD charges for the identification tools, and the
transactions in the system. Our customers are governments, private companies, and professional
organizations.
TE Food ICO Conclusion
There is a lot that goes into distributing food across the country. Tracking all of it has been one of the extreme challenges faced. Pigs, chickens, and eggs for example are transferred in the tens of thousands or more on a daily basis. The numbers are massive, bringing them into the cryptocurrency world is a smart step.
Especially with the inclusion of the blockchain technology and tokens, where all actions and transactions can be tracked and validated. The livestock industry needs to have more entities like Te Food to ensure that the path is kept green and doesn’t have a detrimental impact on the world.
FOR MORE INFORMATION
WEBSITE https://ico.tefoodint.com/
WHITE PAPER https://ico.tefoodint.com/te-food-white-paper.pdf
AUTHOR : LHORD_P
Very informative post. A promising roadmap. The project is ensuring every investors a profit and agricultural people too. Hope the token will be list on exchanges with good rewards and bonuses.
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