TE-FOOD — Modum comparison

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.