Industry: food delivery
FoodNation is being developed by a team of tech enthusiasts and entrepreneurs from Brazil. Igor Montella is the founder and also a software developer who ’s associated with such projects as Rapiddo and CodifyNinja. Other team members include Fan Yang Chun, the business advisor and the founder of Emmental, and Felipe Carvalho, the head of technology design, who has previously worked with Igor Montella at Rapiddo. Various ICO review platforms had verified all of these team members.
This main issue that the team tries to address through the implementation of the Ethereum-based blockchain is the establishment of the oligopoly of global conglomerates within the market of online food delivery. According to the official statistics concerning the market share of food delivery orders in the United Kingdom, the following four service providers: Just Eat, Hungry House, Deliverloo, and One Delivery, have occupies 95% of the total market thus bringing the chances of smaller-scale companies to naught.
The project’s mission is to address such a blatant injustice by establishing an unregulated blockchain-based marketplace that would be developed, controlled, and driven by the community of buyers, sellers, and restaurant owners.
FoodNation’s core product is a mobile app of the same name. The essential idea of this app is to eliminate any third party from the process of ordering and delivering food which aligns perfectly with the philosophy of blockchain.
In layman's terms, the customer will use the FoodNation app to browse for the nearby restaurants that prepare his favorite food. Once the user finds the meal to his liking, he places the order with the restaurant which goes directly to the food outlet via the blockchain network. The restaurant prepares the order and delivers it to the customer on its own accord. The payment in the form of the ERC-20 compliant tokens called FOOD is then transferred via the FoodNation platform. Apart from consumers and restaurants, the network will also feature the sellers and promoters whose task would be to attract new users and service providers to FoodNation, as well as developers who will be responsible for the maintenance and further development of the blockchain platform.
Founded: 2019, Estonia
|Start||April 1, 2019|
|End||June 30, 2019|
The idea realized by FoodNation is both simple and immensely useful. Who wants to pay extra to an intermediary for the food that he never even touches. My father owns an Italian restaurant and I know firsthand how important it is to maintain a good and, most importantly, direct relationship with a customer. FoodNation does just that, it allows foodies to directly support local restaurants that, on their part, get a chance to grow their business by performing home delivery. In my opinion, FoodNation is an A+ project.
Foodnation is working on a respectable platform. They understand that only a few food delivery companies have control of the entire marketplace. This is unacceptable in the current time period. Food companies on a smaller scale should be allowed to gain exposure without being overshadowed by the few companies that own the majority stake. The team is filled with professionals of their given network, and they are adamant in making a change in one of the most important aspects.
I think FoodNation is a very promising project. The project has a great future and by the end of the year it will give a good profit. Now in the world, an increased interest in cryptocurrencies and blockchains bursts into our lives. I am for new technologies in any area of our life, if they facilitate it, they make our life more convenient to structure, organize.
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