Short decription
Modum
Blockchain integrated IoT temperature logger, which keeps track of temperature during shipment of pharmaneutical products, and then wirelessly transmits this data to the blockchain each time change of ownership occurs.
TE-FOOD
Fresh food supply and quality ecosystem, which tracks livestock and fresh food from farm to table, involving supply chain companies, consumers, and authorities.
Token usage
Modum
- Modum is a security token: “MOD token is a crypto token that comes with voting rights and profit participation rights.”
TE-FOOD
- Just like Ethereum users pay gas price for transactions, supply chain participants will need to pay by TECoins for transactions to use TE-FOOD’s blockchain traceability ledger.
- Supply chain companies can request paid value added information from their suppliers.
- Consumers get TECoins as reward for using our consumer mobile app in retail, reading the QR code and viewing the food history, so the system incentives conscious consumer behavior.
Traceability hierarchy
Modum
- Client layer (sensor hardware, mobile app)
- No ecosystem functinality (e.g. for companies using a third party sensor hardware)
TE-FOOD
- Client layer (B2B app, consumer app, authority tools, sensor hardware)
- Blockchain protocol layer with interfaces to third party applications
Traction
Modum
- Product under development
- Three pilot projects (one of them is paid pilot)
TE-FOOD
- More than 6000 business customers, daily 400,000 transactions, serving 30 million consumers
- Consumer app: 50,000 downloads, B2B app: 10,000 downloads on Google Play
User focus
Modum
Supply chain companies
TE-FOOD
Supply chain companies, governments/authorities, consumers
TE-FOOD emphasizes the involvement of governments / authorities, as an important participant in food security. TE-FOOD provides consultation services for governments regarding enforcement, sanctioning, and communication of the traceability program implementation.
Markets
Modum
Not specified / all markets
TE-FOOD
Emerging countries
Product focus
Modum
Pharmaneutical products
TE-FOOD
Livestock and fresh food (pig, chicken, eggs, cattle, lamb, fish & seafood, fruits & vegetables, arable crops)
Technology
Modum
- Sensor hardware
- Smart contracts
- B2B mobile app
TE-FOOD
- QR code and RFID based labels (plastic and paper based)
- B2B mobile app
- Web based desktop app
- Consumer mobile app
- Sensor hardware
- Blockchain protocol
- Marketplace
Potential cooperation
Logging the conditions of products during transportation is a part of the whole traceability process. TE-FOOD has interfaces towards third party solutions, to receive log data from Modum’s system would be a sustainable use case for companies which use TE-FOOD, or a TE-FOOD compatible traceability system.
Disclaimer: We collected the above data from Modum’ web site and documents available on the internet. We apologize if we missed any information.
TE-FOOD is going to implement blockchain, and tokenize its operation. View the Executive Summary or the White Paper with Business Plan!
ICO website: https://ico.tefoodint.com/
Facebook: https://www.facebook.com/tefoodintl/
Twitter: https://twitter.com/TE_FOOD
LinkedIn: https://www.linkedin.com/company/11284449/
YouTube: https://www.youtube.com/channel/UCt4dONFbQCo1qC14mF0Z9_g
Bitcointalk thread: https://bitcointalk.org/index.php?topic=2176849.0
Telegram channel: https://t.me/te_food
