TE-FOOD

What is TE-FOOD?

TE-FOOD is a farm-to-table food traceability solution that utilizes blockchain technology. Its primary goal is to enhance transparency within the food industry.

TE-FOOD strives to empower customers in various ways: by boosting consumer trust and brand visibility, offering deeper insights into supply chains for improved operational efficiency, ensuring compliance with export regulations, safeguarding brands against counterfeit products, and facilitating faster product recalls. As an all-encompassing solution, TE-FOOD provides multiple components that cover the entire supply chain, including the identification of tracked items and batches, data capture, blockchain-based data storage, data processing, and consumer-facing data presentation.

TE-FOOD's blockchain, known as FoodChain, is a public permissioned blockchain. It allows both supply chain participants and consumers to maintain masternodes, thereby decentralizing traceability information.

The TFD token is an ERC20 token operating on the Ethereum platform. It serves as a tokenized software license, enabling users within TE-FOOD's ecosystem to engage in their activities. To access TE-FOOD's ecosystem, individuals and organizations are required to hold a specific number of TFD license tokens.

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Recent Video Interview

Main points of the interview:

• TE-FOOD is a food traceability system targeting emerging markets.
• The system ensures transparency from farm to consumer.
• It's a collaboration between Hungarian and Vietnamese companies.
• TE-FOOD uses blockchain for immutable data, enhancing trust in the food supply chain.

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What Benefits Does TE-FOOD Bring To Businesses?

If you're a business, you can accomplish a variety of goals with TE-FOOD:

• Distinguish your products from competitors: Highlight the uniqueness of your offerings in comparison to rivals.
• Enhance operational effectiveness: Examine and streamline your supply chain operations for improved efficiency.
• Foster direct communication with consumers: Establish direct connections with customers and gather valuable insights about them.
• Showcase your premium products: Present evidence of the quality and sustainability of your premium offerings.
• Ensure compliance with import regulations in specific countries: Meet the traceability requirements of target markets to unlock export opportunities.
• Streamline product recalls for swiftness and precision: Automate the process of recalling products and pinpoint the affected batches more accurately.

TE-FOOD Team Background and Partnerships

Erik Arokszallasi is the CEO of TE-FOOD. He is an accomplished entrepreneur and the leader of two thriving corporate IT development companies in Hungary. With 23 years of experience in leadership and IT project management, he brings a wealth of knowledge and expertise to his role as CEO.

Trung Dao Ha is the Chairman, being also a seasoned entrepreneur and serves as the president of the High Tech Association HCMC. With two decades of strategic leadership, marketing, and sales experience across Asia and Europe, he provides valuable insights and direction.

TE-FOOD has dozens of partnerships under its belt, namely Deloitte, Zalo, GE Aviation, Eurofins, GS1, Trace Food, BIG Group, Unisto, Manafeth, Bauer, Bizerba...

TE-FOOD Project Development

As regulatory bodies in an increasing number of countries insist on the proper planning, execution, and documentation of animal waste management, along with the utilization of eco-friendly technologies and methodologies, this shift presents numerous opportunities for farmers. Employing sustainable waste management practices is not only essential for consumers but also offers farmers the chance to enhance their brand recognition by implementing and communicating these practices to their customers.

TE-FOOD has entered into a collaborative agreement with Bauer, an Austrian waste management technology producer. This partnership aims to combine Bauer's expertise in waste management technology with TE-FOOD's experience in blockchain-based traceability.

The two parties will work together to establish and offer advisory services and solutions for waste treatment and management on livestock farms. This collaboration will assist farmers in managing their waste in a sustainable and eco-conscious manner. Furthermore, it will facilitate the dissemination of information to consumers and relevant governmental authorities, allowing farm owners to distinguish their brands through these responsible practices.

TE-FOOD Price Analysis

As of December 25 2024 TE-FOOD has a marketcap of $226K. This is {{percentagefromath}} from its all time high of $0.119071. In terms of its tokenomics, there's a total supply of 1B with 62% currently outstanding. Keep in mind TE-FOOD has a fully diluted value of $362K which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.