|All Time High:|
|Market Cap: |
|The price of #TONE today is $0.015 USD.|
The lowest TONE price for this period was $0, the highest was $0.015, and the current live price for one TONE coin is $0.01489.
The all-time high TONE coin price was $0.12.
Use our custom price calculator to see the hypothetical price of TONE with market cap of SOL or other crypto coins.
|An end-to-end food traceability solution on the blockchain.|
The code for TE-FOOD crypto currency is #TONE.
TE-FOOD is 1.5 years old.
|The current market capitalization for TE-FOOD is $8,530,124.|
TE-FOOD is ranked #572 out of all coins, by market cap (and other factors).
|The trading volume is modest today for #TONE.|
Today's 24-hour trading volume across all exchanges for TE-FOOD is $70,585.
|The circulating supply of TONE is 572,823,687 coins, which is 57% of the total coin supply.|
|TONE has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 4 crypto exchanges.|
|Note that there are multiple coins that share the code #TONE, and you can view them on our TONE disambiguation page.|
Implementing traceability could unlock USD 600 billion for the fishing industry
“Where does your fish come from? Did its production contribute to the destruction of ecosystems? Was it caught illegally, or by slaves? Very often, it is hard to know.” This is, how Planet Tracker, a non-profit financial think tank begins its “How to Trace $600 billion” report. These are very important questions asked by more and more consumers, which increases the desire of retailers as well to know more about the origin and the supply chain processes of the seafood products. The report estimates, that the global seafood supply chain (all companies) generated a revenue of USD 1.8 trillion in 2020. Implementing traceability could provide several benefits like increased sales volume (buying traceable fish decreases the risk of illegally harvested, or bad quality products for the producers/retailers), increased price (according to surveys, consumers are willing to pay premium price for traceability information attached to the retail product), reduced direct costs of food recalls (several pilots had shown that traceability programs can decrease the cost of recalls by 60–90%), reduced staff costs (an integrated end-to-end solution removes the necessity to collect the same information at each supply chain company)., As they calculate, the increase in valuations of global seafood supply chain corporates could reach USD 600 billion, if the fishing industry would invest 1% of seafood sales value in traceability. — ...
TE-FOOD continues to implement and improve its blockchain based traceability solution
From time to time, we would like to inform our followers about the projects we are working on. While news announcements depend on several factors, we are still working continuously. — Integrating IOT devices in the traceability process - We believe that the next wave of adoption in traceability will require integrated and automated data collection from the farms to the processor. Smart machines, RF gates, beacons will provide information automatically, which will enable traceability solutions to provide lower operational expenses, enhanced trust in the data, and deeper understanding of the processes in the supply chain. This is why we started cooperating with leading IOT brands like Honeywell and Bizerba. Their understanding of the customer needs, and positions on the market is an exceptional advantage to provide an enterprise grade solution in any country of the world. We expect that during the next 4–5 years, we will see several steps towards this direction on the market, and TE-FOOD will be well prepared to serve customers of any size. — Governmental traceability in Vietnam - Thanks to the efforts of Trung and his local team, there are several new development directions for the livestock management and traceability program. As it is a governmental solution, compliance with various governmental institutions (e.g. Statistical Office) is an important requirement. We are working on adjustments to comply with th...
TE-FOOD partners with Bizerba to prepare for the spread of IOT in supply chains
The demand for information on the provenance and production methods of food products is slowly, but steadily growing. This requires traceability solution providers to implement tools which make the data collection easier and quicker for the companies. Until now, companies collected data points manually, by typing in the information directly to the traceability system, or to a connected legacy system. While the obvious advantage of this solution was the fast and effortless implementation, the disadvantage is the error-prone characteristics of the human data entry.The future will be more autonomous, more automated data collection, providing more trusted data. TE-FOOD signed a MoU with Bizerba South East Asia to work together with one of the top IOT device producers on the future of supply chains. The cooperation aims to integrate Bizerba devices with TE-FOOD’s food traceability solutions, as well as to work out targeted hardware-software solution packages for supply chain companies. Bizerba is a worldwide leading specialist in industrial weighing and labeling technologies, headquartered in Germany. Bizerba scales, checkout systems, labelers, slicers are used amongst the top food producer and retail companies around the world. Smart scales, labelers, warehousing robots, RFID gates, drones, processing machines equipped with various sensors will all be part of automation, as the upcoming technological shift in food traceabili...
TE-FOOD develops a blockchain based customer loyalty rewards solution
As the competition in the retail industry becomes fiercer with the growing options to shop, the emphasis will grow on customer loyalty and engagement.Challenges of loyalty systems Individual loyalty solutions for each retailer has strong disadvantages. Most customers don’t want several loyalty accounts, cards, and apps at each retailer, they prefer multi-provider solutions, where their rewards are collected in one central wallet, and they can use them anywhere amongst the participating retailers. So, when customers go to a grocery store, they are credited with loyalty points based on their purchase value, and then they can go to a bookstore, and spend those points to lower the costs. But this brings the biggest challenge of these multi-partner loyalty programs: it requires a complex multilateral clearing system to manage which retailers (where the points were credited) owe money to other retailers (where the points were debited).Introducing blockchain as a customer loyalty solution This is where blockchain based crypto tokens come in. Each participating retailer issues crypto tokens as loyalty points, and the solution manages the wallets for the retailers and consumers as well. When a customer wants to spend loyalty points in a cosmetic shop, which were collected at a supermarket, the system swaps the tokens in the background, and each retailer make the settlement with their own tokens. This crypto token based setup brin...
Dong Nai province in Vietnam starts to roll out TE-FOOD’s traceability system from May
After more than a year of pilot operation, Vietnam’s number one pork production province, Dong Nai starts to roll out the traceability of essential foods of animal origin. The objective of the project is to establish a system for identification, management and traceability of products of animal origin on a high technology application, strengthen the capacity of management, quality control of products from breeding, slaughtering, transportation, trading and consumption in the province. The system helps regulators to ensure food safety regulations, and the interests of consumers, meeting the needs of using clean products for daily consumption. Thereby, contributing to brand building and improving competitiveness for pork suppliers, businesses, farmers and traders meeting VietGAP standards. After several months of implementation related activities and procedures, the project officially went into trial operation on December 23 2021 at markets and convenience stores. During the next months, several farms, pig raising and collection facilities, slaughterhouses, traders, markets, and conveninence stores are expected to join the program, start collecting data throughout the supply chain, and store the information on the TrustChain blockchain. TE-FOOD is the world’s largest publicly accessible, farm-to-table food traceability solution. Started in 2016, it serves 6000+ business customers, and handles 400,000 business transactions e...
TE-FOOD partners with Honeywell to offer a full range of traceability tools for supply chains
Since 2016, TE-FOOD is leading the blockchain based end-to-end traceability industry by innovative software solutions to digitize and automatize supply chain processes. It tracks and traces products from the primary producer to the retail shelves in multiple countries, for goverments, retailers, and food producers. TE-FOOD and Honeywell partnered in Vietnam to work out a set of hardware and software tools to make it easier to onboard supply chain companies. Traceability projects are much more complex than providing a blockchain based platform to load data for decentralized verification and storage. Physical identifiers need to be applied on the products on multiple levels (item, box, pallet, container, etc.), the system needs to be inclusive to allow various methods of data capture, the collected data about critical tracking events needs to be cleaned, synchronized and processed, and the retail products need to have machine readable identifiers (usually in the form of 2D barcodes) to enable consumers to scan them in order to access verified traceability data. Most of the traceability service providers just focus on some elements, but this leaves food companies in a situation, where they need to contact various vendors for different components of the project, when they don’t necessarily have the technical knowledge to make proper decisions. The partners’ goal is to make these decisions easier for the food companies by offer...
TONE Token Economics Upgrade
The TrustChain has been launched in 2018. Collecting three years of experience, we re-thinked our processes to improve the token economics of the TrustChain.SummaryTONE will be the network fuel for making and validating transactions on the TrustChain. The former token rental model (Iridium nodes) will be discontinued.The fees of TrustChain are based on operations, not blockchain transactions (one blockchain transaction might contain multiple business operations).Customers (or implementation partners) need to buy TONE tokens from the open market for the processing and storage of their business operations on the TrustChain.The cost per operations is fiat based for stability and plannability.50% of TONE tokens used to send operations to the TrustChain gets expired, and permanently removed from the circulating supply (sent to a blackhole address).50% of TONE tokens used to send operations to the TrustChain will be rewarded to masternodes for securing the network.Anybody will be able to start a masternode. There won’t be masternode tiers.The distribution of operations among masternodes will be based on the number of staked TONE tokens in the masternode (more tokens -> more operations for the masternode).Only a specific number of masternodes with the most tokens staked will become Active masternodes (which receive operations) for a specific day.Industry maintained Supernodes continue to be an important part of the TrustChain,...
What TE-FOOD accomplished in 2021
As we are entering the new year, let’s see a summary of 2021 in the life of TE-FOOD. The year started with an implementation in Slovakia with our partner TraceFood, where Tomata, the biggest tomato puree producer of the EU country started using TE-FOOD. It was followed by another implementation by TraceFood, this time in Spain. Rujamar, the first national poultry company in Spain to totally eliminate cages in its production model, provides detailed traceability information to their customers by using TE-FOOD. In May, TE-FOOD signed a partnership agreement with Supergroup, the the leading logistics and mobility provider in South Africa. French poultry producer Galliance, the member of the Terrena group started to use TE-FOOD in May. The implementation is part of the traceability program initiated by Auchan France. TE-FOOD was also implemented at Maison Roucadil, a 130 years old French farming and agricultural processing company to track and trace prunes from the farm to Auchan supermarkets. To utilize its blockchain based traceability technology and experience in a different area, TE-FOOD developed TrustOne, a blockchain based Covid-19 test management solution to automatize mass testing. With the help of GE Aviation and Eurofins, the solution gained ground quickly on several markets on five continents. It’s available for public testing in the UK, Germany, Spain, France, Belgium and Australia. TrustOne has been used by ...
Why Technology Roadmaps of Blockchain Projects are the Road to Nowhere
Community members of blockchain projects are often curious to read technology roadmaps, like it would be an important measure of a project’s success. Such roadmaps usually plan the development activity for several years in the future, describing what components the project team will develop, and when it will be released. Then the followers of the project think that if such plan exists, and the team delivers the software components, success is guaranteed. This is where they are wrong. Technology roadmaps have absolutely nothing to do with a project’s success. Blockchain communities might think the goal is the technology, while the goal is the product (that the product has a market). If you search Google for “Why startups fail”, you can get a million of articles about what leads to the failure of a new company. The most common reasons are:No need for the product (product/market fit)Pricing problems (too expensive, not compelling)Human resource problems (improper leadership)Mistimed product (too early, too late)Poor money management (ran out of money) And looking at the relevant charts, the biggest reason by far is the first one: there is no real need for the product / service. This means no matter how many features a project has built in, no matter how cutting edge technology they use, if there are not enough customers to generate a profitable operation, they are doomed. — But how can you see if a project ha...
TE-FOOD has been implemented for prunes traceability in France
Auchan, the World’s 13th largest retail chain continues to expand the end-to-end food traceability with TE-FOOD. Auchan France implements the traceability of prunes products. Auchan has been working together with Maison Roucadil, a 130 years old farming and agricultural processing company. Roucadil has been IFS (International Food Standard) certified, as well as Zero Pesticide Residue and HVE (High Environmental Value) certified. Their products are Protected Geographical Indication certified as well, which guarantees that Agen prunes are exclusively obtained from Ente plum orchards planted in the delimited production area and that they are dried, conditioned and processed by companies established in a designated territory in France. Consumers can follow the history of each production lot from the harvest to the packaging and distribution. Maison Roucadil provides insights of the agricultural approach they follow, from the planting methodologies, plant protection protocols, to the processing activities from drying, sorting, calibration, rehydration and pitting. TE-FOOD continues to implement its blockchain based traceability solution around the world, and support Auchan branches in several countries. TE-FOOD is the world’s largest publicly accessible, 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 ...