We are past a busy month since our last progress report, and former leads start to show the first results.
Token economy
We announced the token economy we have been working in the past period. The two-token economy will provide possibilities for a lot of use cases for the future. We know that a lot of details are missing about the second token, but we already have the foundation and we can build on it.
Read the post about the token economy
Business strategy for Q2, 2018
We published the strategy we will follow in Q2.
TL;DR:
- Roll outs and new implementations in Vietnam
- Seeking for implementation partners internationally
- Seeking for cooperation partners to provide value added services
- Keeping ourselves to the roadmap
- Increasing marketing efforts
Meat quality checker R&D project
We joined a consortium to develop a mobile app based meat quality checker application for consumers. The consortium won more than 1 million USD national R&D grant. As technology evolves, it provides possibility to develop applications using mobile phones, artificial intelligence, and blockchain, which formerly were not available to the public.
Although this is an R&D project, therefore the output is uncertain, we believe such application can get TE-FOOD a lot of publicity and a new revenue source.
Partnership with Laurel
We partnered with Laurel, the leading retail technology provider in Hungary.
Laurel’s customers include companies like TESCO, Metro, Auchan, IKEA, SPAR, Adidas, Butlers, Coca Cola, Hervis, Bauhaus, Praktiker. They are acclaimed partners of IBM, Fujitsu, NCR, Microsoft, Oracle, Toshiba, Symphony, LSRetail.
The partnership aims to sell and implement TE-FOOD in Hungary, utilizing Laurel’s food industry connections as well as their 25 years of retail experience.
Seeds & Chips
TE-FOOD will participate on the Seeds & Chips Global Food Innovation Summit 2018 in Milan, Italy, as an exhibitor.
If you attend, we would be glad if you visit us for a chat.
Roll out in Vietnam
We have so many progress in Vietnam, that it would be a long read itself, so let the photos speak.
New web site
We finished our new web site.
TE-FOOD is the world’s largest farm-to-table food traceability solution. Started in 2016, it serves 6000+ business customers, and handles 400,000 business transactions each day.
Website: www.te-food.com
Telegram group: https://t.me/tefood
Facebook: https://www.facebook.com/tefoodintl/
Twitter: https://twitter.com/TE_FOOD
