Yelp Meets Instagram: How #blockchain Will Revolutionize the #food Tech Ecosystem
▻https://hackernoon.com/yelp-meets-instagram-how-blockchain-will-revolutionize-the-food-tech-eco
Photo via Sabrina Eberhard PhotographyTechnology has turned the restaurant industry into a zero-sum game. The food & beverage industry operates on razor-thin margins, where delivery apps such as DoorDash and GrubHub take a 20% service fee on each order, leaving little profit left for restaurant owners. On top of that, there exists every other foodie app hustling to sell advertising space online.Food is at the base of Maslow’s Hierarchy of Needs. Required for energy production in multi-cellular organisms, humans cannot exist without it. Blockchain micropayments will revolutionize the food review industry because it will satisfy every level of Maslow’s hierarchy.Existing food review mechanisms sufficiently satisfy the bottom three layers of the pyramid. They help consumers identify (...)