Farm2Kitchen® is building a decentralized Food Traceability platform on the Blockchain for the Food Distribution industry. The Blockchain is a distributed digital ledger to track the food at every stage of the supply chain from the farm all the way to the kitchen.
We are providing secure Application Programming Interfaces (APIs) for Software Developers to build apps to access the platform.
To protect people from unsafe food, you have to be fast and you have to be right – and Farm2Kitchen® Blockchain technology offers a chance to improve speed, accuracy and trust levels as never before.
Farm2Kithen® founders have already successfully delivered Food Traceability solutions to farmer producer organizations in India. In sustainable agriculture space since last 5 years, Farm2Kitchen® is also a pioneer of organic food retailing in India.
Farm2Kitchen is an online marketplace for Food Traceability on Blockchain. Farm2Kitchen is building the first technology platform of its kind for the Food Supply Chain industry. By utilizing the Blockchain technology of distributed ledger and smart contracts to uniquely track every step of the food delivery on a shared ledger in order to ensure transparency, Food Safety and provide the foundation for sustainable agricultural growth and food security. Farm2Kitchen has launched a Global Farmer’s Marketplace (beta version) for providing global market access to small and marginal farmer’s across Asia. The marketplace aims to provide direct market access, eliminate multiple distribution layers, provide a fair price to producers and improve the livelihood of farmers. Farm2Kitchen is also planning to expand its operation to include distribution to restaurants, cafeterias, and food services across Eastern Europe and Asia with future plans to expand across the globe.
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Blockchain Consultant, Advisor. ICO, STO. Founder at Crypto Consulting and Investments LTD. Rated on Apr 18, 2019
4
4
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14%
Farm2Kitchen is a very interesting looking project, and they have a strong team with experience in the right areas leading it. The vision is also good and I look forward to seeing the product further down the line.
I like this as a concept and thnk that the team is very strong to execute this . Team is marked down due to the amount of tokens for advisors who are getting same amount as the team. On the full raise tokens for advisors are 1.8M USD and that I think is excessive and it makes no sense to me to have team and advisors getting the same amount. I can see chances for traction and like the use of hyperledger. The raise does seem high on assumption most dev will be done in India . It would be important to understand if any dev work was being done by related companies and at what margins or pricing Overall I like it but advisors tokens and total raise seem out of line
Blockchain | Tokenization Strategist| Whitepaper|Tokenomics | BD| Fundraising Rated on Sep 5, 2018 Modified on Apr 17, 2019
4
5
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10%
White paper - The white paper has outlined the problem plaguing supply chain in food industry but has failed to address how they would bring it on distributed ledger (using QR codes? RFID? Lot number tracking? Other possibilities). For this business to grow, a lot of collaborations are necessary to be made but no mention of partners or affiliates. The white paper also lacks a clear goal of future business development beyond the obvious roadmap.
Team - The team composition reflects a healthy mixture of various capabilities needed to make the project click and the team is experienced in their respective industry. This makes it strong and possibly able to deliver on their promises.
Tokenomics - The tokenomics is easy to understand including the reasonable use of funds. The tokens have vesting period for both advisors and founders with 10% each for both. The unsold token is will presumably be burnt (Is it hard coded in the token distribution code or would be done manually?- No information.
Business Model - The business model requires partnerships and collaborations which has not been highlighted. Requires the active participation from various fields for the tokens to be self-sustainable. The buyback offer is good for investors; but achieving operational profit by 2020 is a bit too soon. Generally, a successful product based ICO breaks even by 3-5 years (unless it’s an exchange) Clarifications?
MVP/ DApp/ Working Product - No working model yet or even an MVP. This makes the project a bit on the weaker side despites its promising idea and strong team.
Based on inputs and recent events, I am re-rating the project-
KYC Passed.
"It’s a B2B project. It’s a democratic solution and we don’t expect the cost of food to go up significantly with this. The idea is the restaurants will pay the same what they pay right not but just cut out too many middlemen" - Reply from team.
Partnership with MoolyaCoin for scaling.
Re-Rating the project again based on the information like IEO, adding team members and ofcourse an MVP which looks simple & attractive.
Listing tokens to 50+ exchangers, Market Making services, ICO and STO advisory Rated on Apr 16, 2019
5
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5
9%
Team: Team is quite strong and experienced in the industry. The most important that they have strong advisory board for the ICO process.
Product: The team wants to create decentralized Food Traceability platform on the Blockchain. They have similar project experience, which is very promising.
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