TE-FOOD is a food quality and supply ecosystem for emerging markets, which integrates food supply chain companies, consumers, and authorities into one traceability solution. It starts tracking animals at the farms, collects all logistics and food quality information, and follows them through processing, distribution and sales, right to the consumers. Started in 2016, TE-FOOD serves more than 6000 business customers, and handles 400,000 transactions each day.
Hive Coin is a cryptocurrency, with the new blockchain technology and smart contracts, companies no longer need centralized intermediaries for transactions or financing. The blockchain grants absolute transparency, integrity and immutability of the data stored in the system. Hive coins are used to make demands on factoring companies, who can then compensate them. This process uses the blockchain, which offers a high level of security for all transactions. All seller and borrower data is cryptographically secured in this system.