GrabAMeal — Airbnb for Restaurant Industry

Why GrabAMeal?

Food is a necessity in the lives of all humans. But in some instances, it becomes increasingly difficult to obtain meals to eat. For example, when people travel from one city to another for business or any other important activity, getting a desired place and food to eat is hard. Other times, people have found out that using the recommended restaurant services in new locations they go to usually put holes in their pocket without even guaranteeing their satisfaction.

More so, a new era where a good number of young individuals study and work in different cities is rapidly developing. Although these individuals may get access to affordable accommodation, the problem of obtaining quality meals still poses a great challenge. This problem has led to mal-nutrition for such people and poor eating habits. Many solutions over time have been provided to solve this menace, but statistics still show that most of them have ended in the trash can.

To provide a final and long lasting solution to the problems associated with obtaining quality and affordable meals for all individuals living in different parts of the word, GrabAMeal will launch a worldwide platform which would match those who want quality meals with those ready and willing to offer tasty and freshly prepared meals. To simply put, the brain behind the platform is to match people’s preference of meals with options that are available within a close proximity to their location through blockchain decentralized technology.

Advantages Of Using GrabAMeal Platform

1. Integration with blockchain guarantees trust: The GrabAMeal platform is developed using blockchain technology. The decentralized nature of the platform accounts for its trust-worthiness since imputed data can never be erased. As a result of this, buyers and sellers using the platform can carry out services such as food preparation and delivery, reviews and payment methods without fear. It is important to know that all transactions will be made using a token called GAM in this peer-to-peer decentralized network.

2. Simplicity: this platform is designed to be simple and easy for people to use. Everyone on GrabAMeal market can either choose to become a buyer or a food vendor only if they register on this commercial platform. This feature will help to prevent activities from external sources to interfere with the seamless transaction on this network.

3. Award Programme: Stakeholders of GrabAMeal will be rewarded using gift tokens. The reward opportunities given to sellers and buyers on this platform is to assist them to expand and grow their businesses. In addition, with the profound growth of this platform and a remarkable increase in the volume of GAM tokens, other opportunities to reward GrabAMeal members would be made available.

GrabAMeal Business Dynamics

The important aspects of GrabAMeal platform that will make it hitch-free includes:
 GrabAMeal Dispute Resolution protocol in other to resolve any dispute that may arise between sellers and buyers while engaging in business transactions.
 GrabAMeal Validation Program in other to ascertain the true identity of users and to guarantee authenticity.
 Rewards and Incentives Protocol to boost users’ revenue through free token offerings.

Risks Identified With GrabAMeal platform

1. Market risk: growth can be hindered by competitors with huge financial muscles.

2. Regulatory risk: the adoption and usage of this platform may be sluggish in some countries based on their regulatory codes.

3. Behavioral risk: Any review of negativity can adversely affect this platform since its model is hugely dependent on buyers adapting to the need for home cooked food.

CONCLUSION

GrabAMeal is a great innovation to the food servicing industry where anyone can become a seller or buyer based on individual wants and desires. This platform seeks to solve all problems that may arise from getting assess to meals when busy or in a new location.

This Platform will implement blockchain smart contracts in three protocols: GrabAmeal Identification, GrabAMeal Rewards, and GrabAMeal Dispute Resolution. Operating as a decentralized network, GrabAMeal will guarantee trust and transparency.