Yesterday blockchain startup, TE-FOOD, announced that its consumer traceability system is now live on a public blockchain with pig products in Vietnam. The startup aims to develop a farm-to-table traceability solution covering logistics, food quality and data management for supply chain.
Back in 2016, the company launched a pig traceability solution, but at that stage, it was not using a public blockchain.
TE-FOOD was founded in 2015 and sold over $19 million worth of TFD tokens in Q1 2018. However, the market capitalization is now half that figure. The company says it has more than 6000 business customers and handles 400,000 business transactions each day. However, it’s unclear what proportion of that is on a blockchain.
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