BITEZ ECOSYSTEM

MISSION:
Providing hungry people with the highest quality, honest food

BITEZ was founded with the drive to bring the very best meals to you, the hungry consumer. Besides our goal to achieve the best food possible, we bring an ecosystem that is fair for both foodmerchants and consumers. We offer an all-in-one solution – whether you want to order food, sell your own home made recipes, choose a good restaurant nearby or obtain food products, our community ensures that you are well informed, and that you have the option to select the highest quality meals available.

Unlike our competitors, you choose a meal based on peer experience and quality, instead of selecting a meal by merchant. If you order multiple times on our platform, our algorithms will learn your food-preferences, and will recommend you certain meals or services based on your individual lifestyle.

Of course you can also select a meal based on a set of filters. For example, you can find the best rated pizza in your city, or find a healthy, vegan meal that contains lots of protein.

 

VISION:
A balanced utility network for offering foodservice & supply

The market for food-delivery and takeaway is currently controlled by a few monopolists that take huge commissions. We want to provide a commission system that is fair for both merchants as consumers. We lower the commission per sale with up to 60-70% compared to the some of the current market leaders! On top of that, we provide low entry costs to join our platform, as well as a super easy setup and Point of Sale system integration for popular PoS systems.

Because our platform focuses on the quality of meals, it provides an unique option to advertise meals to specific target groups. The target groups our segmented by complex algorithms that processes numerous data streams – for example user location, prospected income, order history, recent product views and more. However, users will be fairly rewarded for submitting data for processing in our protocols.

THE CURRENT CHALLENGES

High Commissions

Our traditional competitors let restaurant pay up to 15-30% commission fees in some cases.

Unilateral Policy Changes

Business and restaurant operators are bound to any unilateral changes in policy. Including raising platform fees.

Data Barrier

Restrictive barriers to vital information from the market for producers and outlets.

Indirect relationships

Without the option to directly contact with business operators and consumers platforms prevent direct customer relations.

Loyalty

Effectively eliminating customer loyalty by hijacking the user experience with their platform.

Rate Parity

Effectively eliminating customer loyalty by hijacking the user experience with their platform.

Brand Hijacking

Platforms are utilizing the reputation of their business customer to grow their own brand.

OUR VALUE PROPOSITIONS

Disintermediation

Both on policymaking, price setting and negotiation leverages.

Lower fees

Lower commission and transaction fees.

Immutability

Immutability of key information provides trust.

Transparency

Transparent decision making and use of algorithms for neutrality.

Open Governance

Open governance to prevent monopolisation and community policy making.

User Controlled Data

Ownership of personal data is key and full control is given to the generating party or entity.

User Incentives

Rewards apply for, i.e.,: purchases, data sharing and/or writing community valued reviews.

No Price Parity

Business Operators are free to set their own prices and terms and conditions.

WHY BLOCKCHAIN

Food Industry & Blockchain

Blockchain is claimed to be the new paradigm in information technology. As a communication protocol it allows participants in a transaction network to independently conduct and transmit information and value on a shared ledger. Ownership and trust are pre-programmed in the protocol and it allows every participant to verify any of the info stored on the ledger.

Blockchain is already making an impact in the food industry, but further improvements are developing rapidly.  Due to the immutability and transparency of the blockchain ledger, transparency in the industry could finally be restored.

Decentralisation and transparency should always be a two-way direction in order to optimise the balance between supply and demand.

 

THE FOOD DELIVERY INDUSTRY STATISTICS AND INFORMATIONS

Market Drivers

Two of the main drivers for high growth of the online food delivery markets are internet and smartphone penetration. it is expected that with ease of ordering, facilitated by technological advancement, there will be a significant increase of food delivery users and market volume. Demand for healthy and high-quality food will continue to grow and is expected to increase interest in these digital services over the coming years.

The European online takeaway meal delivery market is projected to amount to $12.7bln in 2018.

(Source: Statista)

Market Growth

The demand for food ordering services will continue to grow exponentially in the coming years. With annual forecasts reaching heights of 138bln in 2023, globally, for online takeaway meal delivery. 

In Europe an annual compounded average market growth rate of 11.8% is forecasted during the years 2018 – 2022.35

Foodservice & Delivery paying user numbers are projected to grow with an annual compounded average rate of 11,9% during those same years. Amounting to 176,8 Million users in 2022.

Figures are subject to small differences based on source updates

INSERT Dynamic GRAPH