TFD is a tokenized software licence
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).
The TE-FOOD system can only be used with a valid licence. Licences sold shall not be withdrawn by or returned to TE-FOOD.
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.
Each TE-FOOD sub-licence or utilization unit entitles the holder to trigger a region specific number of transactions per day, called transaction potential.
|Total/Max supply||1 billion TFD|
|Circulating supply||567 917 832 TFD|