Review on TE-FOOD by Robiul Islam
Food traceability on blockchain.
About Te-Food.
It operates as a supply chain business centered on the food industry. This means from the producer to the wholesaler to the retailer and finally the customer, you and me, they provide quality control and tracking the whole way. This is a joint venture between two food company (I don't know the names of the companies). Company leaders therefore have more than 20 years of experience in business and IT. That's why even though they are new to the blockchain scene, they already have customers and they are tracking every day.
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TFD Token
Tokens are being used by food manufacturers and supply-chain companies. End consumers who purchase food to scan the QR codes of TE-Food among the super buyers will be rewarded with the TE-Food Token.
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Te-Food Exchanges.
It is currently listed on Kucoin, IDEX and DDX exchanges. Much of the volume comes from Kucoin. There are some rumors about a list of possible new exchanges, but nothing has been confirmed so far.
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Mobile Apps
One of the most important parts for regular users their mobile apps. Apps allow simple and quick inspection of any food package. They are available for both iOS and Android phones.
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Te-Food Team.
The company has 2 CEOs and they both have many years of industry experience. From blockchain specialists to food industry experts, they have a very well-defined team.
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I think this is going to be a big project, I honestly feel could give big profits in the next few years based on the project idea thoughts.
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Pros
- A very well established company with working products. Tried and tested. Is already being used.
- Powerful teams and advisory boards. Ultimately high profile positions maintained by these members. Experience is not a problem.
- Huge industry in desperate need of tracking / authentication.
- Wonderful website. Great media / photos are easy to understand with the products shown.
- Great Circulating Supply Considering Usage.
- They made a good decision and sold around 23K ETH raised during the ICO just after the crowd sell was over.
Cons
- They are operating in a tightly controlled market. Relations with governmental authorities should always be maintained.
- Little struggle to get exposure from out side of Asia. Not too much of a marketing to try and expand or advertise.
- Competitor are going to be tough to compete against for market share.
