TE-FOOD FoodChain Officially Launched
The proposed TE-FOOD blockchain named, FoodChain, was officially launched on November 10, after running the beta phase which was launched on October 26. Prior to this, the company released the FoodChain testnet to conduct test transactions. The company has also been choosing masternodes and conducting legal onboarding of masternodes, however, the technical onboarding of masternodes will commence November 12th.
TE-FOOD is a farm-to-table company that provides efficient logistics, supply chain and traceability services for livestock and fresh food companies. Furthermore, the company helps consumers to learn about fresh food by providing detailed information about the suppliers/producers. The company was set up in 2016, and now has more than 6000 business customers. It served over 34 million people in different parts of the world. The company processes 400,000 transactions, tracks 2.5 eggs, 200,000 chickens, and 18,000 pigs every day.
The FoodChain is a HyperLedger-based blockchain which will be supported by Masternodes. The blockchain is a solution to the problem of fresh food and livestock food-borne diseases, whereby diseases are carried from fresh food to end consumers. It is quite a common problem all over the world as consumers can’t differentiate the food that is contaminated. For example, in the last quarter of 2017, many Americans unknowingly bought lettuce that was contaminated with E. coli. The WHO further confirmed the problem by stating that 10 percent of the world population fall sick with food-borne diseases every year PDF.
Now, all these easily preventable food-borne diseases can be avoided, and that’s what TE-FOOD FoodChain has decided to utilize blockchain technology for.
Consumers will be able to use the FoodChain mobile app to access information on the history of fresh food and learn about suppliers while they’re shopping. TE-FOOD makes this viable by using RFID identification materials, QR codes, label stickers, seals and paper bags with 1D/2D barcodes for the packaging of fresh food. There’s also a B2B supply chain mobile app for farmers/suppliers to manage their food supply chain.