fbpx
Connect with us

CryptoSpace

TE FOOD- Possible Path Breaker In The Blockchain Space

Published

on

73% of top olive oil brands fail to meet the standard test to carry ‘Extra Virgin’ in the label.  There were over 95 seizures of counterfeit extra virgin olive oil cases in Italy alone. Imagine what you place trust on might be a fake product and you might be paying premium for a fake. TE food will ensure what you are eating.

You might be paying premium for a fake.

Similar stories surround organic beef, organic green tea, etc. etc.

Consumers do not have an authentic way to verify that what they are paying for is a genuine product or not, and businesses cannot curb the middle men from switching their products with fake ones.

Counterfeit is a big problem.

Especially in fresh, health and specialty food area.  Because of the nature of the problem, blockchain technology is placed in a unique place to offer solution.   Since this is such a vast problem area, there have been more than one solution that emerged in the blockchain space.  One of them is a favorite of ours, VeChain.  However, this article is not about VeChain, it is about TE-Food that is specifically targeting to track and trace food from “farm to table”.

  • Product
  • Team
  • Business Partnerships
  • Marketcap and token economics
  • Competition and caveat
  1. Product: TE Food is a farm-to-table food trace-ability solution.  “TE-FOOD covers all logistics and food quality activities and data management of the supply chain. It provides cost effective software and identification tools to make livestock and fresh food supply information transparent.”

There are many blockchain products in the supply chain management including Wabi, Waltconchain, Ambrosus, Modum, etc.

While most of these projects have great teams and/or hype in the market, their products are still waiting to be developed, launched or adopted.  In other words, most of these projects entered into ICOs to raise capital to ‘start’ the blockchain technology solution.

TE Food is different.  They got into ICO to ‘expand’ their existing business model that has been in operation since 2015 (parent company was established in 1996).

Key term is here is ‘expand’.  TE Food has already showed its mettle in offering a solution in the supply chain ecosystem.  They are moving their current working model onto blockchain to offer even more immutability to their tracing and tracking solution.

Moving onto a blockchain platform will also change TE Food’s existing centralized business model into a decentralized one, in addition, they are going to add features such as food safety sensor tools, animal face recognition (!) and fresh food marketplace to the existing business model.  Below chart shows a quick snapshot of what ICO proceeds will help TE Food with.

TE Food already has B2B and B2C mobile apps and have trained over 10,000 people in a single year to use the app at various source points.  While most of the existing platforms are targeting business or consumers or both, it aims to bring farmers, supply chain vendors, government authorities and consumers onto single platform.

In addition, it is looking to integrate and share the deep learning data back with Farmers, producers, vendors and other entities.  One such step is already initiated where it is going to share the Deep Analysis data back with Farmers so that they can increase their production by 20% without any additional cost.

TE Food aims to bring farmers, supply chain vendors, government authorities and consumers onto single platform.

Advantages of this Deep Analysis system are listed below.

Many existing blockchain platforms that are aiming supply chain industry are heavily focused on helping businesses and/or vendors.  There are few (like Wabi) that are focusing on consumers.  However, it is an end to end solution that is targeting everyone in the farm-to-table ecosystem, including consumers.  Consumers can get extensive data from the app, listed below:

This data is absolutely essential but currently inaccessible for anyone who cares about their and their loved ones health.  TE Food promises to make this information accessible by simply scanning a QR code from within App.

 

 

This data is absolutely essential but currently inaccessible for anyone who cares about their and their loved ones health.

Here is a quick snapshot of TE Food compared to other existing blockchains in the supply chain space.

te food

2.Team: What TE food has on its road map and the competition that it has to deal with takes a lot of expertise.

 The founding company behind it, Erba 96 Ltd has previous experience in various projects, including:

  • Utility cheque payment solution
  • Airport fast track payment solution
  • Road Tolling solution
  • Loyalty Card solution

TE Food’s team includes two CEOs, Dr. Trung Dao Ha and Erik Arokszallasi.  Both have extensive business experience in founding and running successful companies.  They have a combined experience of over 4 decades.

They have food safety experts, blockchain experts and infrastructure experts on their team.

TE Food expert

te food

te food

3.Business and partnerships: Each of the listed partnerships of TE Food serve a specific purpose.

It already has an existing business relationship with 6000 companies.  They have trained over 10,000 individuals in a single year to help greater adoption and have been serving over 34 million consumers.  Their site shows multiple existing partnerships and their Medium blog is constantly updated with more updated partnerships (look at sources section at the end).

  • Nongshim Data System will be a sales and implementation partner of TE-FOOD.
  • TE-Food’s technology will be utilized on two pilot projects in June 2018 by Halal Trails, a UK based company.
  • GS1: “GS1 is a not-for-profit organisation operating worldwide, that develops and maintains global standards for business communication. GS1 barcodes are scanned more than six billion times every day”
  • Telenorma: Telenorma AG is a trusted solution provider in the German retail sector. Telenorma will implement TE-FOOD’s traceability system in Germany for retail companies.
  • Sankofa: Agricultural consulting and project management firm Sankofa Ltd. represents TE-FOOD’s livestock and fresh food traceability solution in the French-speaking countries of West Africa.
  • Unisto: a Switzerland based international manufacturer of security seals. Unisto Malaysia manufactures TE-FOOD’s high quality seals.
  • Zalo.me is a free messaging mobile application with 70 million users. TE-FOOD’s QR codes can be read by the Zalo app to view the food product’s history.
  • Laurel is the largest retail technology solution provider in Hungary. They are a sales and implementation partner of TE-FOOD.

4. Marketcap and Token Economics: Thanks to the recent bear market, along with drop in ETH price, TE Food token has been selling at around 60% of ICO price, since price of TE was pegged in USD during ICO. This has put TE Food’s market cap below the ICO hard cap.

Token will have two economy models.

One model requires a valid license which is made up of certain number of tokens which varies by country.  These licenses are then divided into sub-licenses.  What this means is, for every one utilizing TE Food solution (which includes Farmers to consumers and everyone in between in the supply chain ecosystem) will need to have TE food tokens.

When the TE Food blockchain is fully implemented, their existing 6000 Companies and 34 million consumer base itself should contribute to a natural demand for TE Food tokens.

  • 6000 Companies and future onboarding
  • 34 Million existing consumer base and future additions
  • Farmers
  • Livestock agents
  • Retailers
  • Wholesale distributors

All of these players will have to get hands on a certain amount of TE Food tokens.  Companies, at the forefront, will need to gain access to a bigger share of tokens to utilize the tracking services.

Second model of the token will be TFS which is their transaction token model.  This is in concept and more details will be made available.

From a pure price perspective, TE Food is trading at 2.6 to 2.8 cents today, which is about 50% of the ICO price (ICO price was 5 cents). Another factor that adds to TE Food’s call is that it is not on any major exchange yet.

If TE Food were to hit 200th rank on Coinmarketcap at this bear market levels, it will need to grow 4 times. If it reaches top 100 rank, it will have multiplied 12 times.  Remember, these are projections at the current bear market.

TE Food has already established in Vietnam and has started business in Italy and Africa. We expect to see a lot more expansion in the coming years and a natural increase in demand for its tokens.

Another factor that adds to TE Food’s call is that it is not on any major exchange yet.

5. Competition and Caveat: While there is no other project (not taking VeChain into consideration) with a farm-to-table end to end solution and a working product on the market, there are many existing players in the blockchain supply chain space.

While competition is fierce, if TE Food manages to convert its existing clientele and user base to make use of TE Food tokens, then that will be a fabulous start. Adding more clientele in the new expanded locations will help as well.

A turn off for most newbies in the crypto space is patience and for TE Food to show its full potential will need longer than 6 months or even a year (look at the HODL period).  This might turn away the newbies that dream of riding crypto lambos overnight.  For more veteran and learned crypto folks, TE Food showcases all the traits of a long-term HODL project.

Project: TE-Food (te-food.com)

Symbol: TFD (please always double check symbol)

Price Today: 2.5 cents

Trading on: IDEX

Buy price: visit QRIP page to view

HODL period: visit QRIP page to view

HODL gain anticipated: visit QRIP page to view

Whitepaper: https://ico.tefoodint.com/te-food-white-paper.pdf

Sources:

https://ico.tefoodint.com/te-food-white-paper.pdf

https://www.youtube.com/watch?v=qot-VCUgpng

https://medium.com/te-food

https://ico.tefoodint.com/solution.html

https://www.youtube.com/watch?v=3whNlGtQYI0

Thank you for reading the article.
Subscriber-Banner-smallIMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

Buy us a Coffee: Keep information FREE. We do not sell what we research. A small tip from you can help us bring you more content like this for FREE.
BTC: 37kJr9PodRHzsG5u1ZfKkfYpHFSZrS8s9n 

If you are thinking to open KuCoinKucoin Referralaccount, please consider using our referral link.

About the author

RK Reddy holds two Masters degrees, one in Accounting and another in Business Administration with over 15 years of experience in the financial services industry.

RK Reddy is an ardent fan of Blockchain and Cryptocurrencies. You can see the excitement about this new blockchain technology in every article on Cryptotapas.com. Sometimes this excitement leads to an overly optimistic view. Guilty as charged. RK Reddy says what may seem like an ‘overly optimistic expectation’ today may become an everyday norm in 5-10 years; look at the history of cars or airplanes, Blockchain and Cryptocurrencies belong to a similar frame of reference.”  Of course, that is just his opinion.

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

Published

on

Crypto Roundup

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: Bitcoin Will Be OVER $20,000 By Christmas 2020! BIGGEST WEALTH SHIFT OF OUR LIFETIME! Cryptocurrency

Date: 19-Nov-20

  • World’s biggest wealth shift of our lifetime is happening right now and no mainstream media is talking about it, except CNBC.

  • Preston Pysh predicted on August 26th that: “Bitcoin should be reaching its all time high by Christmas.”

  • If you are looking to buy a dip, there may not be one.
  • Ricardo Salinas Pliego, a mexican billionaire, has just revealed that 10% of his liquid assets are into bitcoin.

Lark Davis

Video Title: STOCKS HIT NEW HIGHS! WILL COVID VACCINES LEAD TO MEGA PUMP IN 2021? [Are You Ready?]

Date: 19-Nov-2020

  • Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine.
  • There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.

Crypto Zombie

Video Title: BITCOIN $18.5k TOP!!?! DON’T BE FOOLED!! HODL FOMO BEGINS!!! $TRILLIONS FLOOD!!

Date: 18-Nov-2020

  • Overall sentiment of Bitcoin has changed drastically from ICO craze in 2017 to a time where people are FOMOing to own more bitcoin.

Ivan on tech 

Video Title: BIG WARNING TO ALL HODLERS!!!!!!!!! DO NOT GET REKT!!! BITCOIN $18,500 REJECTED – NOW WHAT?

Date: 18-Nov-2020

  • Ivan expects bitcoin to shoot past $20K resistance before end of this year, giving it 85% probability

Chico Crypto

Video Title: World’s Most Powerful Turn BULLISH on BITCOIN

Date: 19-Nov-2020

  • All those who hold big bags of Bitcoin will come out of the shadows to talk up the Bitcoin rally, a $20K bitcoin could be on the cards before the end of this year
  • Ethereum mining could act as a big catalyst for Ethereum’s price
  • Big companies like google could play a bigger role in mass adoption of crypto

Let the FOMO begin…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

CryptoSpace

Lessons from the Veteran HODLERS to the Newbies!

Published

on

Lessons in Crypto

For all those who entered the crypto market after the 2017 bull run – here are few lessons from the HODLERS from the last bull run(s).

This is our attempt at making all you newbies aware of the mistakes veteran cryptoers did.

Let’s get started…

Don’t FOMO in to all the hype

FomoIt’s hard not to FOMO in crypto.  The trick is to make sure you don’t lose your shirt in crazy bets.  Always limit your bets to what you are comfortable losing.

The common ways you can become victim of FOMO are:

  • Following your favorite YouTuber without actually doing your own research on the project.
  • Investing into projects at the top.
  • Believing in promises of 100x or 1000x without any substance behind those claims.

HODLing far too long

Remember why you are into crypto – to make the money.

Never fall in love with your crypto, and HODL the tokens even when they are 10x and more.

Have a strategy to take your capital out before you become a HODLer.  

If you believe the project really has what it takes to go beyond 100x and more, just sell in instalments so as to not miss the ride.

One of the best ways to HODL is to take your capital in full and profit in tranches.

This rekt story will give you a right perspective of what it looks like, it’s one of many:

Don’t put all your eggs in one basket

Never go all in on one project. No matter how strong the project may look, even the projects with strong fundamentals don’t do well sometimes. 

And, you will be kicking yourself watching other projects go up and your portfolio just doesn’t seem to make a move.

And don’t over do it and have a portfolio with over 100 projects either. It is very difficult not to have invested in more than 15 projects but anything less than 20 is a good way to go, in our opinion. 

Put aside the share of Profits for Taxes.

One way you can get a good night’s sleep is by paying taxes. 

Always keep a habit of putting aside a % of your profits in USDT or other stable coins, as a reserve to take advantage of market volatility and also to meet your tax obligations. 

Exchanges are more evil during bull run

Foreign ExchangesDon’t trust exchanges. Yes we already know that, but they play more games during bullrun, some intentional and some technical. 

Many exchanges tend to go under maintenance when the prices shoot up too high too soon (Coinbase?), and you can’t sell. 

And the shady exchanges scam out before you know.

Regulators seem interested when the market cap of these projects goes through the roof, which then adds FUD around the project crashing the prices.  

Exchange may freeze funds pending investigations when such issues arise.

Take for example OKEx. Users are unable to withdraw their assets from the exchange for almost a month now, not certain if they ever will, and all that started with the legal dispute.

Never fall for Arbitrage gains

Arbitrage is when you buy in one exchange at a lower rate and sell on the other for a higher rate to take some profits. 

Some shady exchanges show a lot higher prices than the other genuine exchanges and when you deposit your assets to sell at those prices there won’t be actual volume to execute the trade. You may be stuck with either a high fee for withdrawal or other funky rules to take your own money out. 

Remember, there is no free Giveaway

Free CryptoScammers rise with the rising market.  

When the crypto market buzzes with all time highs – scammers cash in big time on newbies.

The most lucrative scam in crypto is ‘Free Giveaway’. Whether it be through YouYube ads or discussion groups and wherever they can get your attention.  Read this article on various sophisticated scams that are being deployed.

We hope these lessons help you through your trades and crypto life.  Stay safe and always DYOR.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

Continue Reading

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

Published

on

crypto news

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: The United States Just Brought Bitcoin into the National Conversation!! | Cryptocurrency in 2021

Date: 16-Nov-20

  • Former National Treasurer and the new US Senator Elected, Cynthia Lummis, said Bitcoin fits the bill as a good store of value as it is finite and limited, unlike the inflationary fiat currency.

  • Grayscale adds over 7000 more bitcoin in just the last 24 hours.
  • Just over 16% ETH staked for ETH 2.0 launch on Dec 2 2020.
  • Bitcoin Cash hard fork takes place tomorrow.

Crypto Zombie

Video Title: WARNING!!! BITCOIN 2017 BEAR FRACTAL RETURNS!!! BTC WORST CASE SCENARIO…

Date: 14-Nov-2020

  • Institutional money starts flowing into bitcoin.

  • Paypal goes live with its crypto trading platform for eligible customers. They have also raised the buying limits from the initially set $10,000 to $20,000 per week.
  • DIA, an DeFI Oracle provider, integrates with Polkadot.

Ivan on tech 

Video Title: BITCOIN WILL DO SOMETHING INSANE THIS WEEK!!!! -30% DUMP AHEAD vs $20,000 PARTY – Programmer

Date: 16-Nov-2020

  • Bitcoin could make a big move this week, either hit 20K or we may see a 20% to 30% drop
  • Chainlink partners with Etherisc to deliver agricultural insurance in Kenya.

Ellio Trades

Video Title: UNLOCKING $100 TRILLION? This low cap gem seeks to bridge CeFi and DeFi

Date: 15-Nov-2020

  • DeFI could be similar to the ICO craze in 2017
  • Low cap gem: AllianceBlock
  • AllianceBlock is bridging the gap between DeFi and CeFi
  • AllianceBlock Partnership with Orion Protocol and Chainlink.

Chico Crypto

Video Title: WARNING! An “EVIL” Entity Wants Control of BITCOIN…

Date: 15-Nov-2020

https://www.youtube.com/watch?v=45Ac-5y2ofg

  • 90% of Bitcoin’s mining pools are controlled by China based mining pools
  • As the value of bitcoin goes up – there is a threat of push to ‘control’ the network from China
  • Binance is looking to push through the 50% mining share and Chico believes this could be dangerous

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place. 

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

Trending