TE-FOOD is the only fresh food ecosystem which integrates supply chain companies, consumers, and governments/authorities to improve food safety, eliminate food frauds, and decrease costs of the supply chain companies.
Identification tools 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.
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.
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:
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
Tokens for sale
512,000,000 TFOOD (51% of total)
List price of TFOOD
1 TFOOD = US$0,05
Token sale volume
Increased from 16M because of reallocation of company/community tokens
Bonus levels are based on time intervals:
1st week - 15%
2nd week - 12%
3rd week - 10%
4th week - 5%
Accepted payment options
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.
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.
Operational costs of the HQ to enable all professionals to focus on their tasks.
To comply with the regulations, our operation needs continuous legal help from professional lawyers.
We allocate 49% of the tokens to a general reserve.
Lockout period: Two years lockout by releasing 25% of the reserve after the first year, and the remaining 75% after the second year.
Unsold tokens will be put into the general reserve and will be sold on the TFOOD Market or during a future token sale until Public token pool reaches 500 million tokens.
Enterpreneur, president of the High Tech Association HCMC. 20 years of strategic leadership, marketing and sales experience in Asia and Europe.
Former Ernst & Young consultant, and long time manager of environmentally conscious projects.
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.
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.
Blockchain and business advisor
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.
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.
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.
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.
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.
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).
Blockchain technology consultant
An economist, investor and entrepreneur with fare share of experience at multinational companies and startups. Blockchain and cryptorcurrency expert.
Mobile app developer
10 years of software development experience with corporate, mission critical systems.
Senior sotware engineer
11 years of software development experience. Server side back end professional.
5 years of software development experience. Specialist of AI algorithms.
14 years of hardware and embedded software development experience.
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.
GS1 helps us to make TE-FOOD comply with the GS1 standards which are used all around the world.
Unisto is a Switzerland based international manufacturer of security seals.
Unisto Malaysia manufactures TE-FOOD’s high quality seals.