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We have the right
to know what we eat!

TE-FOOD, the world's largest publicly accessible, farm-to-table food traceability system is moving to blockchain and tokenization. We are reinventing food supply on the emerging markets.

READY PRODUCT

  • Tokens are usable immediately
  • Established company background
  • 21 years of business history
  • Future proof token economy

LARGEST TRACTION TOKEN SALE

  • 6,000 business customers
  • 400,000 transactions/day
  • Serving 30 million people
  • 10,000 users trained in 1 year

HUGE MARKET

  • $15 Billion food traceability market
  • Largest growth is in the emerging countries
  • Active governmental support
  • Negotiations in Laos, Cambodia, and South Africa

ENORMOUS SOCIAL IMPACT

  • Decrease food frauds
  • Improve public health
  • Mitigate overuse of antibiotics in food animals
  • Mitigate migration caused by climate change

HOW DOES TE-FOOD WORK

TE-FOOD enables all companies of the fresh food supply chain to manage logistics and food safety related data in their operations.

Identification tools of various technologies are applied to livestock, transports, and fresh food packages to follow the items throughout the whole supply chain. Fresh food products in retail can be traced back to their origins together with food safety related information.

Identification tools

Cost effective 1D/2D and RFID identification tools. Learn more

B2B mobile app

Traceability app for the supply chain. Learn more

Farm management app

Modern management tools for small farms.

Consumer mobile app

Consumers can view the history of the fresh food they intend to buy. Learn more

Consumer kiosk

Food history for consumers without our mobile app. Learn more

Livestock registry

Government application for regional/national livestock registry.

STATUS

Decentralized transaction ledger

Gain additional credibility by a blockchain based transaction and food information ledger.

Food safety sensor tools

Mitigating supply chain debates by measuring and logging the environmental conditions of transported livestock and food.

Marketplace

Gaining new markets and improve engagement by providing B2B livestock and fresh food trading possibility for the supply chain.

Extended food categories

Gaining new markets by extending TE-FOOD to track and trace cattles, fish/seafood, fruits/vegetables, and animal antibiotics.

Animal face recognition

Gaining new markets by enabling the identification of cattles without any physical identification tool.

How do the existing and planned elements complement each other? Learn more!

TRACTION

12,000

pigs / day

200,000

chickens / day

2.5M

eggs / day

6,000+

business customers

10,000+

people trained in one year

30M

people served

TE-FOOD is used by

3100 farms, 3400 livestock agents, 2600 retailers and markets, 190 wholesale distributors, 70 slaughterhouses, 35 food producers, 25 veterinary companies, 30 wholesale markets

Some of our customers

MEDIA COVERAGE

ROADMAP

  • Q2, 2015

    Start

    Development of TE-FOOD started by TE Ltd., Vietnam, in cooperation with Erba Ltd. Hungary.

  • Q2, 2016

    Agreement

    Agreement is reached with the government of Ho Chi Minh City to implement TE-FOOD. Preparations of the implementation started immediately.

  • Q4, 2016

    Launch

    TE-FOOD launched in 12.16.2016 for pig and pork tracking in HCMC region.

  • Q2, 2017

    Trainings

    Training of chicken farms and egg producers starts. In total, more than 10,000 people is trained.

  • Q3, 2017

    Chicken and egg tracking starts

    On 01.09.2017, chicken and egg traceability started in 22 vietnamese regions. National livestock registry contract is signed with the Ministry of Agriculture in Vietnam, Livestock Production Department.

  • Q4, 2017

    National Livestock Registration system starts in Vietnam

    In the pilot phase, the system is used in 4 provinces in Vietnam to regularly report about the status of the livestock.

  • Q1, 2018

    TE-FOOD International is founded

    TE-FOOD International Ltd. is founded. All TE-FOOD rights and contracts are transfered to TE-FOOD International.

  • Q1, 2018

    Tokenization of TE-FOOD launches

    Token based operation of TE-FOOD starts before the Token Sale.

  • Q1, 2018

    Token sale

    TE-FOOD token sale starts in February, 2018.

  • Q1, 2018

    Cattle tracking is launched

    Cattle tracking will be implemented in TE-FOOD.

  • Q1, 2018

    Fruits and vegetables tracking is launched

    Tracking of fruits and vegetables will be implemented in TE-FOOD.

  • Q2, 2018

    Market presence in two additional countries

    TE-FOOD offices are established in 2 target countries.

  • Q2, 2018

    Blockchain usage implemented in TE-FOOD

    Blockchain as a traceability transaction ledger is implemented in the system.

  • Q2, 2018

    Fish and seafood tracking is launched

    Fish and seafood tracking will be implemented in TE-FOOD.

  • Q3, 2018

    New developments are launched

    • Animal antibiotics traceability
    • AI based smart pandemic forecasting and alarm modules for the National Livestock Registration system

  • Q3, 2018

    Marketplace is launched

    TE-FOOD Marketplace extends logistical and food safety data, with trading possibilities with conditional smart contracting possibility.

  • Q4, 2018

    Food safety sensor tools are ready

    The sensor equipped tools log directly to blockchain, and contain smart locks which can be opened only by specific users, and log their status.

  • Q4, 2018

    Extended farm management tools available in TE-FOOD

    Extending the existing functions (inventory, feeding, vaccination), new modules are available, according to the G.A.P. standards.

  • Q1, 2019

    Animal face recognition system is ready

    Identification tools are extended by a facial recognition system for cattles. The R&D project starts in Q1, 2018.

  • Q1, 2019

    Market presence in 4 countries

    Two new TE-FOOD offices are opened in target countries.

TE-FOOD Q&A

Almost 80% of food frauds are perpetrated on livestock and fresh food products (seafood, dairy products, and meat products are in the forefront).

Each year, one in ten people in the world becomes ill after eating contaminated food, causing more than 400,000 deaths yearly (according to World Health Organisation). Also, the overuse of antibiotics in food animals threatens public health. Mitigating this problem is our main mission.

Emerging markets contain more than 50 countries, representing 60% of the world's population and 45% of its GDP.

Around 2/3 of the food frauds are executed in emerging countries. According to studies, Compound Annual Growth Rate (CAGR) of food traceability is the highest in Asia-Pacific (16.7%) compared to the rest of the world (5.5-8.7%).

Growing middle-class in emerging countries, and increasing awareness among population drives growing demand for consumer level product history insight. Our technology and implementation methodology fits perfectly in the needs of emerging countries.

Learn more

While food safety professionals and organisations always emphasize the importance of whole-chain food traceability, in reality very few such system exist. Even the most popular one-up-one-down systems (when traceability exists only within a supply chain participant's processes from purchasing to selling) are rare in emerging countries. TE-FOOD tracks millions of items on a daily basis in more food categories, through the whole supply chain.

Such achievement is extremely rare in this scope and range of products.

TE-FOOD combines modern technology with low-cost implementation and operation, providing a viable solution for emerging countries.

We also have a detailed, practical implementation roadmap to help companies and authorities successfully implement traceability. This makes our solution scalable.

While TE-FOOD has decent revenues, the system is ready and the implementation methodology is well polished, the adaptation of blockchain technology, and the international expansion needs significant funds.

Implementing a whole chain traceability system needs a lot of professionals working together for at least 8-12 months. Strategy planning, legislation management, communication with companies, social organisations, and consumers, technology implementation, data migration, process customizations, trainings are the largest steps of such implementation project.

Our team has 21 years of experience in mission critical system development. We have the best professionals to execute the strategy, sales, and technology sides of our plans.

As we developed one of the largest whole-chain traceability systems on the world, we have real life knowledge and experience in implementing traceability systems in emerging countries.

  1. Because the data provided by the supply chain participants must be unmodifiable. Due to the significant distrust and suspiciousness among consumers, supply chain companies, and authorities (caused by several food frauds and corruption), only technically unalterable logistics and food quality data can provide credibility.
  2. Because the data in the system is a common property of all participants. It must be stored in a shared, distributed ledger to provide transparency.
  3. Because the food safety related data all over the world is a property of all us, and data accessibility must be public and democratic.
  4. Because the economic inequality is one of the largest social problems and we need a technology which helps to create a fair access to data, know-how, and income.
  5. Because corruption is a global economic problem, and the food sector in emerging countries is one of the most affected sectors. Incorruptible food history information leads to transparent food supply chains, which can make a difference in public health, and literally save lives.

Most of the activities of food traceability happen in the real world. This means without physical identification tools (security seals, label stickers, etc.), trainings, support, the system can't grow. From this viewpoint its success depends on our work.

But TE-FOOD is more than just our achievements. It's an ecosystem, which enables supply chains with existing centralized traceability system to join (request ID serials, send in data, receive data) automatically, without our active involvement. From this viewpoint, TE-FOOD is an open food traceability and food quality ecosystem.

TE-FOOD’s revenues come from selling physical identification materials and charging transactional costs to the supply chain members.

TE-FOOD has more implementation models.

It can be implemented by a company (food producer, retailer) to require traceability data from its suppliers, or it can be implemented by a government for the whole supply chain in one or more geographical regions / food categories. For government implementations, TE-FOOD prefers PPP (Public Private Partnership) model, where the government acts as regulatory authority, not as customer. TE-FOOD provides consultation services for the authorities, does the implementation, and trains the supply chain.

TFOOD tokens represent a payment tool to use within the TE-FOOD system. It can be used for the following purposes:

  • Buy transactions to use the system
  • Pay for value added information about the procured goods
  • Reward customers by incentivizing conscious consumer behavior
  • Consumers can buy food quality analysis service

Learn more

TOKEN SALE

Fact sheet

Token name

TFOOD

Token symbol

TFOOD

Utility of token

TFOOD represents the identity and information data of tracked items. Supply chain members pay with tokens for transactional fees, and value added item information. Consumers are paid for using the Consumer mobile app and read food product QR codes, and can buy quality analysis services.

Total token supply

1,000,000,000 TFOOD

Tokens for sale

400,000,000 TFOOD (40% of total)

List price of TE coin

1 TFOOD = US$0,05

Token sale volume

US$16,000,000

Public sale

Start

22.02.2018

End

22.03.2018

Bonuses

Bonus levels are based on time intervals, and additional volume discounts based on individual transaction values:

1st week - 15%
2nd week - 12%
3rd week - 10%
4th week - 5%


Additional bonuses based on individual volume:

$100,000 and above - 15%
$20,000 - $99,999 - 10%
$5,000 - $19,999 - 5%


Examples:
Contributor A: 1st week + US$100,000 = 30% bonus (15%+15%)
Contributor B: 1st week + US$6,000 = 20% bonus (15%+5%)
Contributor C: 1st week + US$1,000 = 15% bonus (15%+0%)
Contributor D: 2nd week + US$100,000 = 27% bonus (12%+15%)
and so on.

Accepted payment options

ETH, BTC, USD, EUR

Allocation of revenues

  • 60% - Market expansion

    Since TE-FOOD as a traceability solution is ready and working, we use most of the revenues to acquire new markets. The sales and implementation of a whole-chain traceability system requires a number of professionals to work together for 8-12 months.

    Our primary markets are emerging countries, which represent 60% of the world's population and 45% of its GDP. We already have ongoing negotiations with potential customers and implementation partners in Cambodia, Malaysia, Laos, and South-Africa.

  • 25% - Research & development

    We separate funds to realize our R&D roadmap with a wide spectrum of synergistic tools for a modern supply chain. It contains all technical costs (e.g. server rental) and salaries.

  • 10% - Operations

    Operational costs of the HQ to enable all professionals to focus on their tasks.

  • 5% - Legal

    To comply with the regulations, our operation needs continuous legal help from professional lawyers.

TEAM & ADVISORS

Management

Dr. Trung Dao Ha
(52)

CEO

Enterpreneur, president of the High Tech Association HCMC. 20 years of strategic leadership, marketing and sales experience in Asia and Europe.

Erik Arokszallasi
(50)

CEO

Enterpreneur, leader of two successful corporate IT development companies in Hungary (Erba Ltd., Flexsys Ltd.). 23 years of leadership, and IT project management experience.

Marton Ven
(43)

CMO

Enterpreneur, marketing leader of IT development companies (Erba Ltd., Flexsys Ltd.). 21 years of marketing, sales and project management experience.

Gergely Koves
(45)

Project manager

Former Ernst & Young consultant, and long time manager of environmentally conscious projects.

Katalin Vereczkey

Food industry expert

Master in Plant Protection, 18 years at Syngenta in several managerial position for diverse portfolio & agriculture technologies in broad geographical areas. Experineced in Digital Agriculture at different companies.

Dr. Gabor Pajor

Food industry expert

Veterinary - Informatics. 20+ year experiences in data analysis, data science, data mining. Digital Agriculture expert in the Big4 environment, founder of the Hungarian Precision Agriculture Association.

Endre Jobbagy

Blockchain and business consultant

Founder and CEO of Interticket, a traditional software company operating globally. Co-founder of Blockchain Competence Center, a European management consulting and professional service company specialized in the Blockchain industry.

Dr. Michael Patching

Independent Animal Welfare and Husbandry Advisor

Australian Veterinarian with a Masters in International Animal Welfare Ethics and Law and 13 years experience as a large animal veterinarian. Michael is the current Vietnam Livestock Services Manager for Meat and Livestock Australia (MLA). MLA is the Australian red meat industry service body that works with both Government and industry globally to support the ongoing development of international markets with a focus on improving animal health and welfare, market access, and supply chain capacity.

Gabor Nagymajtenyi

BDO Leader, blockchain team

Founder and owner of successful corporate IT development companies in Hungary. 20 years of leading edge technologies, security and scalable architectures.

Istvan Szukacs

DevOps, blockchain team

Over 15 years of experience with various Fortune 500 companies and startups. He has managed changes in large scale infrastructures without downtime while customers were actively using the system. Besides engineering István has experience in managing onshore & offshore software teams delivering mission critical systems.

Abraham Endre (Silur)

Chief Architect, blockchain team

Cryptographer and programmer. One of the authors of cSploit and contributor to known security frameworks, member of Ethereum Foundation's ewasm and research team.
https://github.com/Silur

Attila Szabo

Lead Developer, blockchain team

Over 12 years of experience in software engineering, focusing on large scale systems in the financial, chemical, big data space. 6 years experience in part time lecturing in computer science (ADA, Java, TDD, Parallel programming).

Daniel Csendes

Blockchain technology consultant

An economist, investor and entrepreneur with fare share of experience at multinational companies and startups. Blockchain and cryptorcurrency expert.

Tamas Biro

Mobile app developer

10 years of software development experience with corporate, mission critical systems.

Miklos Csaszar

Senior sotware engineer

11 years of software development experience. Server side back end professional.

Gergely Mate

Software developer

5 years of software development experience. Specialist of AI algorithms.

Zoltan Vadovics

Software developer

13 years of software development experience.

Laszlo Szentmiklosi

Hardware/software developer

14 years of hardware and embedded software development experience.

Bence Kadar

Database specialist

6 years of database administration experience.

Gyorgy Varga

Senior IT infrastrucutre engineer

17 years of Linux system administration experience.

Jozsef Tatar

IT infrastrucutre engineer

11 years of system administration experience.

Cooperation partners

GS1 is a not-for-profit organisation operating worldwide, that develops and maintains global standards for business communication. The most important GS1 standard is the GTIN. It identifies products uniquely around the world and forms the base of the GS1 system. GS1 barcodes are scanned more than six billion times every day.

Unisto is a Switzerland based international manufacturer of security seals. Unisto Malaysia manufactures TE-FOOD’s high quality seals.

Zalo.me is a free message and call mobile application. By 2017, the number of Zalo users reached 70 million.