KuCoin Officially Announces TE-Food As Part Of Their Market

KuCoin is a cryptocurrency trading market, based in Hong Kong that has been developed and planned since 2011. The exchange has state-of-the-art technology that provides users with’ smooth and secured transaction.

Several promising cryptocurrencies are already part of their platform, and now they are excited to announce that they have successfully listed TE-FOOD (TFD) as one of their tradable tokens.

TE-Food Introduction

TE-FOOD, the world’s most extensive publicly accessible, farm-to-table food traceability system is moving to blockchain and tokenization. They are revolutionizing food supply on the emerging markets. It is a successful food traceability resolution, utilized by 6,000+ companies, managing more than 400,000 transactions each day, reaching 30 million individuals. They are committed to improve food safety, fight off corruption, promote fair trade, and build trust within the food supply chain companies, consumers, and authorities in related markets.

TE-FOOD allows all companies of the fresh food supply chain to manage logistics and food safety-related data in their operations. Identification tools of various technologies are implemented to livestock, transports, and new food packages to follow the items throughout the whole supply chain.

The Advantage of Adopting TE-Food

Mostly, the traceability expenses are paid by the participants at the start of the farm supply chain. In reality, businesses at the end of the chain or retails, are becoming the most profited from the transparent data. Te-Food provides the supply chain companies an opportunity to buy/sell value-added information to each other. The farms can get an extra commission for cooperation with the tracking of the data. That’s the model to inspire them for operating with the system. These direct transactions can also be executed by using Te-Food tokens. In summary, TFD tokens will be used for paying transactions and funding for value-added information. But even for rewarding conscious consumer behavior by utilizing the consumer mobile app.

B2B Mobile Application

TE-FOOD doesn’t need custom hardware usage. All supply chain companies utilize the same mobile app, which gives custom processes and functions for each food type and supply chain role. The B2B mobile app operates on low-end phones and comprises all functions of supply chain companies require.

Source: TE-FOOD