Topic: 🚀[ANN] BlockFood - Decentralized Food Ordering & Delivery Platform - page 2. (Read 846 times)

We're very proud to announce our first partnership with Origin protocol!

https://medium.com/blockfood/announcing-our-partnership-with-origin-protocol-f7253a85c258

We've launched our Telegram group!

Join our community on http://t.me/blockfood 🐈

We can see now how that having a cap set in Ether can backfire during price surge.
Our initial funding max cap was of about 24 million $ and the min cap was 500 k$.

The difference between our min cap and our max cap is certainly important, but to us, if the community believes in us, they should be able to empower us accordingly.
Why should we set a hard cap that would severely restrain investment?

It's not only about R&D, we have lots of other costs to cover in order to properly launch and maintain the platform.
More funds leads to more means which leads to better chances of success.

Nonetheless, your remark is completely valid. For this reason and to match the current value of Ether and take into account its current price, we will change the maximum and minimum caps accordingly.

In regard of the Telegram group, we're working on it.

Thanks for your feedback Rajat

You are planning to raise 75 mil for something which is good in concept form but you don't have a product for it at the moment. I am unsure how will you justify such heavy funding when a new team can deliver similar in extremely less amount than 54000 ether.

I don't see a telegram group as well for blockfood so i guess i will have to look out for blockfood once it hits an exchange in april hopefully and some more info drops in. Good luck guys for your project!

I'm glad we can reach some interesting points in our discussion. Thanks for this

BlockFood will have other sources of revenue:

• External advertisement on the platform
• Paid options for restaurants, such as product advertising, or mailing to customers.
• Donations to the OSE foundation

You have to understand something important about us. We don't care about profit.
We care about creating a platform that is self-sufficient and that belongs to the people. Being profitable is a mean to achieve that.
All profits will be injected into the project itself, instead of being redistributed as dividends. That's our philosophy. And that's how you can lower the commission rate while still being profitable: efficiency and frugality.

It's not about struggling, it's about creating a virtuous cycle. We will have at our disposal a certain amount of BlockFoodToken dedicated to the problematic your describe (~10% of total supply): discounts, customer service, sponsorship program, ... But also the revenue of BlockFood has to cover all cost, development, hosting, strategy, legal, growth, marketing, ... That's all of this that will be reflected into the dynamic commission rate.

During the first years of the project, most of the cost will be actually covered by the result of the token sale. We need to gain momentum before being able to rely completely on revenue sources. This is all described in our "Business model" section of our white paper: https://whitepaper.blockfood.io/business-model

We are also way more agile and efficient that our competitors, just as every startup is on some level. We don't have the same costs as them.

This economic model allows both higher revenues for service providers and a sane self-sufficient platform .
We believe it is the best future for the sharing economy.


We have to make a distinction between BlockFood employees and service providers on the platform.
BlockFood employees (understand R&D team, marketing team, etc...) will be paid in a way that is legal where we work (probably FIAT).
Service providers (couriers and restaurants) will actually have the capability to choose whether they want to keep their payment in BFT (because all payments are done using BFT on the platform) or automatically exchange them for FIAT, with different possibilities (once a day, once a week, after reaching a certain amount, etc...).


The BlockFoodToken has three main functions on the platform:
- it fuels the smart contracts used to track the orders placed by customers.
- it is the currency used on the platform.
- they are used to vote for new features, strategic decisions and restaurant selection.

You have my attention now! I do know that restaurants have to pay 20 to 30 percent on every bill generated on their platform and they take part in the deliveries as well and pay a fixed amount to the courier for a particular delivery irrespective of the weather condition they might have to come in. What my major concern is, that model created is to ensure that the firm stays in profits and a part of the profits is used for giving discounts to the customers in terms of cashbacks or direct bill value deduction and even maintaining their customer service 24/7.
 If you manage to ensure higher profits to the restaurant owners, how will blockfood make money?

 The token will be one point on how blockfood will be valuable but how the employees of blockfood will be paid (fiat or blockfood tokens)?

 And secondly will there be any use of blockfood tokens on the platform?

The issues with the current model is that the intermediary takes a fixed commission of around 20-30% on each transaction.
This has huge consequences for the revenue of the service providers: the restaurants and the couriers.
While as a consumer you might be happy with the current way this economy is done,
we think we should emphasize the actual creators of value in this ecosystem: the restaurants and the couriers.

We don't believe prices would be more expensive than current platforms. Here is why:

• The lower commission rate will allow more freedom in the price set by the service providers. If by setting the price at 20 $ on BlockFood they get the same revenue as setting the price at 27$ on other platform (which corresponds to a scenario where we take a 5% commission, which is our maximum projection and our competitor 30% commission), they have some room to make it more attractive on BlockFood and still get a higher revenue.
  
  
• Secondly, when you buy a burger in your favorite restaurant, the price you pay has not been regulated by anyone. The actual price of a burger is the reflection of supply and demand, with a lot of other variables. If you live in a neighborhood where every one is ready to pay 100$ for a burger, then it's the right price for the burger.
  But guess what, a 100$ burger would not sell.
  That's how the system work in real life and it is how it's going to work on the BlockFood platform.
  
  
• The remuneration of the couriers is an important point as well.
  Should they earn the same revenue whether it's raining, freezing or sunny and whether it's 1km, 5km or 25km that they have to travel?
  This is not ours to decide.
  The couriers will have the freedom to set their own rules and exactly as the price of a burger has to meet both ends of the deal, prices will regulate themselves.

And finally, as a consumer you will have the opportunity to choose a platform that is much fairer to your service providers for a similar price.
Why wouldn't you choose BlockFood then? 

Wont your plan be expensive. If the delivery guys choose their own costs and we all know restaurants have their own costs, then it will be expensive then the traditional food delivery methods with a fixed delivery costs. Once you work on the solution, please try to explain as to how it will disrupt the food delivery business since i as a consumer is pretty happy with the model that is going on!

Hello rajatjain,

We are planning to start working on the actual solution this month, but we don't have an MVP yet.
Our Github repository hosts currently the source code of:
- our currently deployed pre-sale smart contract
- the blockfood.io website
- the private API we're using for the pre-sale
- a working draft for the token sale
- and some smaller projects

It is available here https://github.com/BlockFood

We don't have an explanatory video either yet, but we're working on it.

Thanks for your interest

do you guys have any mvp or github link for your project? looks interesting but cant get my head around as to how it will pan out? Any explanatory video with examples?

Hello GauElCapitan,

Thanks for you feedback!

The selection of the first location for our beta program will be done through a voting mechanism where BlockFoodToken holders will be able to choose a location.
We will then examine the results and select the perfect fit for our first location.

The recruitment of restaurants is delegated to BlockFood Ambassadors, whom will canvass their local restaurants and introduce them to the platform.
In exchange for this action, BlockFood Ambassadors are rewarded through a fixed commission set on the transactions of the restaurant.
Restaurant's incentives to join the platform are the low commission rate which maximizes their revenue, in addition to the tools available for their marketing.

Couriers will also be able to reap more benefits from their work than current platforms.
They can work as individuals or join a cooperative which will ensure them more leverage.
After discussing with some currently active couriers, their message is simple:

                    "We're waiting for you"

Interesting  !

Where do you want to launch your project first and how are you going to solicit restaurants and coursier to join you ? 

Hello keepfighting,

Thank you for your comment. Here are some explanations I hope will satisfy you:

The prices customers will end up paying will be set by the service providers themselves, without moderation:
- Restaurants decide the exact price for their menu items either in FIAT or in BFT
- Couriers decide their delivery pick-up price and their price per kilometer traveled
- Couriers can also join a cooperative which will set the price as group
- Supply and demand will regulate the market

The BlockFood project is a game changer for the food delivery industry.
Its uniqueness comes from the core characteristics of the project:
- Decentralized: decentralization of trust using the Ethereum blockchain
- Fair: maximize the revenue for the service providers (restaurants and couriers), being a non-profit project
- Open: open source, open API for third-party developers, open governance where BFT holders can steer the wheel

If you look at our competition, none of them have those characteristics.
They all are profit-driven corporations whose only goal is to maximize their profit.
That is not our case.

We want to create a platform that is a truly mutually beneficial for all actors.

Wondering whats makes it really different and unique. Would someone please provide some key attributes of this project.  How can the prices be moderated with community participation.

We are getting ready for the pre-sale which starts on Monday!

Review our smart contract here: https://github.com/BlockFood/smart-contract-pre-sale
(Don't forget to checkout the test folder )

We're getting waves of enthusiasm from complete strangers over the internet for the BlockFood project and it's really heartwarming.

Hope we can raise the tide!

Awesome, thanks! 

Hi there,

We are still looking for a video maker to help us introduce the platform. This is part of the bounty campaign.

Details are available here: https://bitcointalksearch.org/topic/bounty-blockfood-give-the-sharing-economy-back-to-the-people-2645612

Help us find him or her

Thanks for the advice

Yes indeed, in our current roadmap we expect to ship the final product in Q3 2019, with a first version on the test net available in Q3 2018.
But as we have stated in our white paper, this schedule will depend on the amount raised. The more people believe in us, the more we get funding, the faster we will go. It's as simple as that (and yes, we know from experience, adding 10 times the amount of developer can never mean going 10 times faster  ).

That's a great news Dev!! 

I see that it takes a lot of time to reach the product, so i will look for it to make more decicions for myself))