TE-FOOD TONE Price

What is TE-FOOD (TONE)?

TE-FOOD is a blockchain-based food traceability solution designed to enhance transparency and trust in the food supply chain. By utilizing innovative technology, TE-FOOD enables consumers and businesses to track the journey of food products from farm to table. The platform uses a combination of IoT devices, mobile applications, and blockchain technology to ensure data integrity and traceability. The native cryptocurrency, TONE, is used to facilitate transactions and incentivize participants in the ecosystem. As of 2024, TE-FOOD has partnered with over 600 businesses and operates in more than 25 countries, providing real-time tracking data and ensuring food safety and quality for millions of consumers.

Who are the Founders of TE-FOOD?

TE-FOOD was founded by a team of experienced professionals in the fields of technology and agriculture. The key figures include:

• Levente Szabo: Co-founder and CEO, with a strong background in software development and management.
• Krisztian Szabo: Co-founder and CTO, an expert in blockchain technology and its applications in supply chain management.
• Andras Csonka: Co-founder and COO, who has extensive experience in business development and operations within the agricultural sector.

Together, they have driven TE-FOOD's mission of improving food safety and traceability through technological innovation.

How does TE-FOOD Work?

TE-FOOD operates on a decentralized blockchain network that records every step of the food supply chain. The process works as follows:

1. Data Collection: Farmers and producers use IoT devices to collect data about their products, including cultivation methods, harvesting times, and transportation conditions.
2. Data Entry: This information is entered into the TE-FOOD platform, where it is linked to unique QR codes or NFC tags associated with each product.
3. Blockchain Recording: Each transaction and data entry is recorded on the blockchain, ensuring immutability and transparency.
4. Consumer Access: Consumers can scan the QR codes or NFC tags to access detailed information about the food they purchase, including its origin, processing, and journey through the supply chain.

This system enhances trust among consumers and allows businesses to comply with food safety regulations more effectively.

Top Use Cases of TE-FOOD

TE-FOOD has several practical applications across different sectors of the food industry:

• Traceability: Enables detailed tracking of food products to enhance safety and reduce the risk of contamination.
• Quality Assurance: Acts as a quality control mechanism by providing information about cultivation practices and processing methods.
• Regulatory Compliance: Assists businesses in complying with food safety regulations by providing verifiable data on product origins.
• Consumer Education: Empowers consumers with knowledge about the food they purchase, promoting informed choices and trust in brands.
• Supply Chain Optimization: Helps businesses identify inefficiencies and improve logistics through real-time data analysis.

As of 2024, TE-FOOD has been successfully implemented in various segments, including agriculture, retail, and food processing.

How to Keep your TE-FOOD Safe?

To ensure the safety of your TE-FOOD (TONE) tokens and your personal data, consider the following security measures:

• Use a Secure Wallet: Store your TONE tokens in a reputable cryptocurrency wallet that supports two-factor authentication (2FA) and has a strong track record of security.
• Enable Two-Factor Authentication: Always enable 2FA on exchanges and wallets to add an extra layer of security to your accounts.
• Regularly Update Software: Keep your wallet and any software related to TE-FOOD updated to the latest versions to protect against vulnerabilities.
• Be Cautious with Links: Avoid clicking on suspicious links or downloading unknown files that could compromise your security.
• Backup Your Wallet: Regularly create backups of your wallet and recovery phrases to prevent loss of access in case of device failure.

By following these guidelines, you can help protect your TE-FOOD tokens and personal information from potential threats in the digital landscape.