TE-FOOD partners with TomoChain in search for a future-proof framework
When we talk about the blockchain technology TE-FOOD implements, we always tell, that we will build the ecosystem in phases, focusing on the short term goals, and don’t pursue a long term solution at this phase.
The founders, and several team members of TE-FOOD are in the corporate IT industry for over 20 years. We saw a lot of frameworks, development methodologies to come and go. We know that a new technology has to mature before long-lasting applications can be built on it (although the term “long-lasting” is different in IT).
The pace of development in the blockchain space is even quicker than other fields of IT. We believe that the next 1–2 years will bring much more advancement in blockchain technologies than the previous, quite busy period. The best strategy is now to build a solution to serve the customers to get the first experiences with blockchain. Mass adoption is still several years away.
While we prepare for our own blockchain to start in autumn 2018, we start thinking about a longer term solution. We were informed about the advancements of TomoChain from our strategic partner, Wolf Crypto. We were interested, started some preliminary talks, we told them the potential difficulties of decentralizing traceability data, and they came up with interesting solutions.
Then, after Trung and Erik visited TomoChain’s office, both parties decided to make the cooperation official.
During the next months, we will examine deeply the technical side, and run tests to see if we can jointly build the TE-FOOD decentralized food traceability ecosystem on TomoChain infrastructure for the long-term.
From time to time, we will report to the community about the status of the development.
TomoChain is an innovative solution to the scalability problem with the Ethereum blockchain. TomoChain relies on a system of 99 Masternodes that can support near-zero fee, and 2-second transaction confirmation time.
Security, stability and chain finality are guaranteed via novel techniques such as double validation, staking via smart-contracts and “true” randomization processes. Tomochain supports all EVM-compatible smart-contracts, protocols, and atomic cross-chain token transfers. New scaling techniques such as sharding, child-chain, private-chain generation will be continuously researched and incorporated into Tomochain’s masternode architecture which will be an ideal scalable public blockchain for decentralized apps, token issuances and token integrations for small and big businesses.
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.