TE-FOOD

TE-FOOD

TONE
$0.000950635%24.30

Key Metrics

Price$0.000950635
Real Volume (24H)$695.35
Marketcap$576,877.52
Fully Diluted ValuationN/A
ATH$0.119071
ATH Date5/6/2021, 2:38:34 AM
ATL$0.00037893
ATL Date10/17/2020, 10:56:37 AM
Circulating Supply591M
Total Supply1B
WebsiteN/A
WhitepaperN/A
Popularity Rank2753
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What is TE-FOOD?

TE-FOOD is a revolutionary blockchain-based food traceability solution that is dedicated to providing transparency in the food industry. The platform aims to empower customers by giving them access to information that can help them gain deeper insights into their supply chain, improve their operational efficiency, comply with export regulations, and protect their brands against counterfeiting. TE-FOOD also provides a quick and efficient way to perform product recalls.

As an end-to-end solution, TE-FOOD offers a wide range of features and components that help businesses identify tracked items and batches, capture data, store it on the blockchain, process the data, and present it to consumers. This enables customers to improve consumer trust and brand exposure, gain deeper supply chain insight to improve their operational efficiency, comply with export regulations, protect their brands against counterfeiting, and perform quicker product recalls.

Launched in 2016, TE-FOOD has already made a significant impact in the food industry. The platform reportedly serves over 6,000 business customers, and performs 400,000 business operations each day. The team behind TE-FOOD claims that food products tracked with the platform are available for more than 150 million consumers around the world.

The FoodChain, the blockchain that powers TE-FOOD, is a public permissioned blockchain that enables both supply chain participants and the consumer community to maintain masternodes to decentralize traceability information. This ensures that everyone has access to the information they need to make informed decisions about the food they consume.

TFD is an ERC20 token that operates on the Ethereum platform. It represents a tokenized software license that enables users of TE-FOOD's ecosystem to perform their activities. In order to use TE-FOOD's ecosystem, all individuals and organizations need to possess a certain number of TFD license tokens. This ensures that the platform is used by authorized users only and helps to maintain the integrity of the data stored on the blockchain.

In conclusion, TE-FOOD is a game-changing platform that is revolutionizing the food industry by providing transparency and trust. It offers a wide range of features and components that help businesses and consumers alike to gain insights into the food they consume and make informed decisions. With its public permissioned blockchain, the FoodChain, and its TFD token, TE-FOOD is set to become the go-to platform for food traceability and transparency.

Additionally, TE-FOOD's traceability solution provides a unique way for businesses to connect with consumers. By using the platform, businesses can easily provide consumers with information about their products, including where the ingredients were sourced, how the product was produced, and even the journey the product took from the farm to the consumer's plate. This level of transparency helps to build consumer trust and loyalty, which can ultimately lead to increased sales and revenue for the business.

Furthermore, TE-FOOD's use of blockchain technology ensures that the data stored on the platform is secure and tamper-proof. This means that businesses can trust that the information they provide to consumers is accurate and authentic. The platform's decentralization also ensures that there is no single point of failure, meaning that the data is always available and accessible to those who need it.

Another key benefit of TE-FOOD is its ability to comply with export regulations. By providing a complete and transparent record of a product's journey from farm to table, businesses can easily prove that their products meet the necessary regulations and standards. This can save businesses time and money by avoiding costly delays and fines.

Finally, TE-FOOD's platform also allows for quicker product recalls. In the event of a food safety issue, businesses can quickly identify the affected products and trace them back to their origin, allowing for a faster and more efficient recall process. This can help to protect the business's reputation and prevent further harm to consumers.

Overall, TE-FOOD is a comprehensive and innovative solution that is helping to improve transparency and trust in the food industry. By providing businesses with the tools to connect with consumers and comply with regulations, while also ensuring the security and integrity of the data, TE-FOOD is positioning itself as a leader in the food traceability space.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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