Short decription
Wabi
Product genuineness verification combined with a retail payment solution and loyalty system.
TE-FOOD
Fresh food supply and quality ecosystem, which tracks livestock and fresh food from farm to table, involving supply chain companies, consumers, and authorities.
Traction
Wabi
- Market tested as a pilot
- 500 downloads on Google Play
TE-FOOD
- More than 6000 business customers, daily 400,000 transactions, serving 30 million consumers
- Consumer app: 50,000 downloads, B2B app: 10,000 downloads on Google Play
User focus
Wabi
Consumers
TE-FOOD
Supply chain companies, governments/authorities, consumers
Markets
Wabi
Currently China, later international
TE-FOOD
Emerging countries
Product focus
Wabi
Baby food, cosmetics, alcohol, pharmaneuticals
TE-FOOD
Livestock and fresh food
Technology
Wabi
- RFID based label
- Consumer mobile app
- Blockchain protocol
TE-FOOD
- QR code and RFID based labels (plastic and paper based)
- B2B mobile app
- Web based desktop app
- Consumer mobile app
- Blockchain protocol
- Sensor hardware
System hierarchy
Wabi
- Client layer (app for consumers)
- Blockchain protocol layer
TE-FOOD
- Client layer (B2B app, consumer app, authority tools)
- Blockchain protocol layer
Token usage
Wabi
- Spending on Walimai protected products
- Getting tokens for purchasing Walimai protected products or by participating in other marketing activities
- Buying and selling WaBi coins
TE-FOOD
- Just like Ethereum users pay gas price for transactions, supply chain participants will need to pay by TECoins for transactions to use TE-FOOD’s blockchain traceability ledger.
- Supply chain companies can request paid value added information from their suppliers.
- Consumers get TECoins as reward for using the consumer mobile app in retail, reading the QR code and viewing the food history, so the system incentives conscious consumer behavior.
Potential cooperation
- Short term: not likely, due to the different product segments and target market
- Long term: Wabi could read and understand TE-FOOD QR codes on livestock and fresh food products imported to China.