Damar: Reviews About Zetochain

Food retailing is profitable if the industry is at risk: demand for food continues to rise, new restaurants, supermarkets and open markets. According to Zeto (Ireland) corporate data, due to faulty storage and fraud, the global food industry loses 10 to 15 billion dollars annually. Is modern technology capable of bringing in fresh food customers and providing security to market members?

ZetoChain App Drawings traces the history of a product by scanning a barcode

IT Zeto Company offers a complicated system for secure storage, fast transportation and successful purchase of goods. In the platform base, IoT technology (Internet of Things, sensor systems) analyzes the external conditions of production, packaging, and food delivery from factory to customer table. Data is recorded in Blockchain: if the meat is thawed because the voltage drop, the producer, the retailer, and the customer will know it.

What is ZetoChain?

The developer's main idea is the constant tracking of production, packaging, transportation and food sales procedures. The ZetoChain app is designed for manufacturers, retailers, and consumers. The adaptive platform is suitable for supply chains in restaurant, retail, manufacturing, packaging and food delivery.

Figure ZetoChain searches for transport procedures, records information in blockchain

ZetoChain is based on three principles:

Transparency and trust. Resellers and customers can track the history of the product name from the manufacturer to the counter, all the information about the delivery date and the storage period recorded in the blockchain. This lowers the likelihood of counterfeiting, protecting the customer's health and reputation of the producer.
Security and storage. Hardware failure notification system, expiry date, late delivery at customs reduces manufacturer losses. The ability to know the actual dates of production, packaging, and delivery of goods to stores lowers the cost of searching and disposing of poor quality food.
Effectiveness and quality. Monitoring of storage conditions and operation of equipment is automatic, which reduces staff labor costs. This approach improves supply chain efficiency, setting new levels of quality in the industry.

How does ZetoChain work?

ZetoChain's work is based on intelligent contracting systems among producers, carriers, and food retailers. The IoT sensor monitors the temperature conditions in the warehouse, records the date of shipment and receipt of the shipment, sends a notification in case of technical problems and other emergency situations.

ZetoChain image transmits data about the condition of product storage through the IoT platform

According to Whitepaper, the program is tailored to the five major "links" in the supply chain:

Producer. ZetoChain notes the condition and storage age of raw materials in blockchain sending real-time notification when items are ready to ship. Farmers, factories, and plant owners distribute equipment loads, optimizing delivery times of shipment.
Transporter. The product transportation conditions are established with the help of sensors, mounted on trucks, carts or containers. The transport company arranges the delivery schedule by considering the shelf life of each product.
Wholesalers. The maximum storage temperature and maximum delivery time offered to warehouse owners simplifies product rotation.
Retailers / General restaurant owners. Monitoring the condition and storage life continues, ZetoChain sends the owner notification in case of failure.
Consumer. Visitors to cafes and restaurants, customers at the supermarket can scan product barcodes and get all the information about manufacturers, transporters, and wholesalers. Blockchain does not allow editing of records in the system, so all information will be reliable.

Technically, for customers, ZetoChain is like tracking packages in regular apps like "Pochta Rossii" (Russian Post) or AliExpress. Versions for manufacturers are similar to security panels: some indicators are on a computer monitor or smartphone screen.

Image ZetoChain for suppliers and manufacturers

How did the ICO of ZetoChain go?

Token sales are planned July 9, 2018 and will run until July 31, 2018. In total, 340 million ZetoCoins are planned for sale. Token issued under the ERC20 standard and offered at a price of $ 1 for 10 coins.

Tokens are distributed in the following proportions:

44% ZETO will be sold during ICO.
34% will be a backup for future Zeto platform development.
12% token will be sold during Pre-sale (starting 30 April 2018).
7.5% token is intended for the first investor of the project.
2.5% ZETO will be spent on Bounty program.

According to Whitepaper, the money collected by the team will be distributed in the following ways:

* 60% will be spent on platform development and adaptation in the future.

* 30% will be used for project marketing and promotion.

* 10% will be spent on ICO and official application registration.

How will ZetoChain develop after ICO?

The official website and the Company's White Paper are full of schemes, business plans, and detailed assessments of market potential. This is good news for investors, that the developer application is an adaptation of existing technology to blockchain features. The Zeto Company has been working on apps for retail since 2009, and has been using cloud-based services for data storage.
This app is tailored to the needs of producers, consumers, and food suppliers. ZetoChain is supported by IBM, WalMart, Te-Food, and other large companies, working in the global marketplace.
According to Roadmap, in November 2018 API application releases for retailers and regular users are expected. In February 2019 will start the period of use of the ZetoChain trial available to everyone. A ZetoChain version tailored to decentralized data storage, will be ready in June 2019.