TFD is a tokenized software licence

TFD basics

In order to use TE-FOOD's decentralized traceability ledger, supply chain companies or implementation partners have to obtain an appropriate number of software licences.

The utility of the tokenized licences is to provide access for a certain number of users, and to provide eligibility for a certain number of transactions. A tracking transaction involves the storage of data in the blockchain, allowing for tracking or further processing. By means of the transaction, data are retrieved or a tracking transaction is executed, i.e. a data set is written in the blockchain (read or write access executed).

How licencing works

TFD licence token

The TE-FOOD system can only be used with a valid licence. Licences sold shall not be withdrawn by or returned to TE-FOOD.

Utilization units

The TE-FOOD licence can be subdivided into utilization units, or sub-licences. Each user must have at least one TE-FOOD sub-licence or utilization unit to use the system and trigger tracking transactions.

Transaction potential

Each TE-FOOD sub-licence or utilization unit entitles the holder to trigger a region specific number of transactions per day, called transaction potential.

Interested in more details?

Read our blog post about the complete token economy.

Read it

TFD licence token information

Symbol TFD
Decimals 18
Contract address 0xE5F166c0D8872B68790061317BB6CcA04582C912
Contract address 0xE5F166c0D8872
Total/Max supply 1 billion TFD
Circulating supply 567 917 832 TFD