Cofidec implements TE-FOOD for processed food traceability
TE-FOOD signed a contract with Cofidec, a 31 years old Vietnamese food manufacturer about the implementation of TE-FOOD’s blockchain based traceability system from farm to export.
Cofidec’s primary products are high quality frozen seafood, vegetable, and fruit products. Cofidec operates with having over 18 million USD yearly revenue, most of its products are exported to Japan, the USA, South Korea, and other foreign markets.
The project will cover activities in full depth from seedbed preparation on the fields until the export of packaged food products. There will be exciting challenges as Cofidec is focused on processed food, which requires a lot more processes than fresh food. In fresh food, the product’s route is linear, while in processed food, there are several processes done parallelly.
After the implementation, the transactions will be stored on the FoodChain.
TE-FOOD is the world’s largest publicly accessible, farm-to-table fresh food traceability solution. Started in 2016, it serves 6000+ business customers, and handles 400,000 business transactions each day.