TL;DR
Waltonchain
General traceability for everything on blockchain, based on cutting edge RFID technology.
TE-FOOD
Specified traceability for livestock and fresh food on blockchain, based on cost effective technology for emerging markets.
Short decription
Waltonchain
IOT Ecosystem to incorporate physical assets into the blockchain to track property rights in the real world using RFID tags.
TE-FOOD
Fresh food supply and quality ecosystem involving supply chain companies, consumers, and authorities.
Traction
Waltonchain
- Development phase
- Pilot project for the clothing industry planned for September, 2018.
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
Waltonchain
Supply chain companies, consumers(?)
TE-FOOD
Supply chain companies, governments/authorities, consumers
Markets
Waltonchain
Currently China, later international
TE-FOOD
Emerging countries
Product focus
Waltonchain
First clothing, later any other product type
Our experience shows that RFID is a no go in most cases in the fresh food industry (even in the developed countries), because of the tag price is ~10–15 times higher than QR codes, and requires additional hardware to read/write the tags.
TE-FOOD
Livestock and fresh food
Technology
Waltonchain
- RFID based label
- RFID reader
- Blockchain protocol
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
Traceability hierarchy
Waltonchain
- IOT hardware (RFID reader/writer) as client
- Blockchain protocol
TE-FOOD
- B2B client app
- Consumer client app
- Authority tools
- Sensor hardware
- Blockchain protocol
How the token is used
Both solution planned separate blockchains for the financial transactions, and for the traceability ledger transactions. In Waltonchain’s solution, multiple sub-chains can serve to store traceability data. If we understood right, even financial data with custom tokens can be operated on the sub-chains.
Waltonchain
- Just like Ethereum users pay gas price for transactions, supply chain participants will need to pay by WTC for transactions to use Waltonchain’s blockchain traceability ledger.
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 buy/sell value added information from/to each other (e.g. deeper complementary information on the food supply).
- 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.
Potential cooperation
Short term: not likely, due to the different product segments and target market. TE-FOOD’s technology is not suitable to track clothing or electronics, while Waltonchain’s technology is not suitable to track livestock and fresh food products.
Disclaimer: We collected the above data from Waltonchain’ 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
