Farm2Kitchen (F2K) is working on the first application of Blockchain technology for the food supply chain sector. In detail, the project will use Blockchain technology and smart contracts to track food delivery on a shared ledger for improved transparency. Thus, by ensuring food safety, the project will ultimately be building the foundation of sustainable agriculture and food safety.
GENERAL INFORMATIONFarm2Kitchen (F2K)
IEO Platform: ExMarkets
Opening Date: 22nd April 2019
Closing Date: 20th June 2019
Country of Origin: Estonia
Blockchain Type: Ethereum
Role of Token: Utility
Public Sale Hard Cap: 9,000,000 USD
Total Token Supply: 280,000,000 F2K
Tokens for Public Sale: 140,000,000 F2K
Public Sale Token Price: 0.1 USD
Accepted Currencies: ETH, BTC, FIAT
Token Sale Format: N/A
Anand Dholi- Founder
Yogesh Kondaskar- Co-Founder
Hemraj Gaidhani- Co-Founder
Rajan Nikam- Digital Marketing Manager
Dr. V K Arora- Director of Sales
Company Name: Foods Pvt. Ltd.
Country of Incorporation: Estonia
Company Address: N/A
More about Farm2Kitchen (F2K)
Above all, the strongest selling point for the project is the partnerships with a long-established business, which connects farmers to the marketplace. Thus, the project can take advantage of their know-how of the food supply chain. In addition, the Farm2Kitchen (F2K) network is designed to be secure, reliable, and cost-effective. As a result, it is a perfect solution for food traceability. Furthermore, the team behind the project have background experience in tech, agriculture, retail, supply chain management, and regulatory compliance.
Indeed, the market is enormous. But, supply chains keep getting incredibly complex, as the spun across the globe. Hence, this is a problem, which Farm2Kitchen (F2K) has to address. Even though Blockchain is a powerful technology, the technology is not yet evolved enough to handle the growing transaction volume. Also, Farm2Kitchen (F2K) access to the market will require tremendous resources.
But, food safety and quality are becoming a cause for great concern. Even more when you consider the complex supply chain system in use today. Thus, consumers want to know the origin of the food they consume and the logistics of getting them to stores. Also, how farmers conduct the production of these foods. Moreover, the growing awareness of food wastage and fears about the long term sustainability of food among conscious consumers creates added opportunity for this project to explore.
In the meantime, IBM and Walmart are working on a Blockchain network for the latter’s supply network. Hence, if interoperability concerns are not adequately addressed, recruiting major players will be challenging. What’s more? Since the project uses crypto payments for membership fees, this could adversely affect growth because of an uncertain regulatory situation. In conclusion, as demand for food grows substantially, projects such as Farm2Kitchen (F2K) could play a key role in Global food security. Thus, a favourable 4-Star is awarded.