ICO BlockFood

BlockFood is the name of the Open Sharing Economy foundation's first project. It is the contraction of two words: blockchain and food.

Its goal is to provide an online platform that enables the connection between customers and local restaurants and couriers. Customers will be able to order food online and have it delivered to their doorstep.

The philosophy behind the project is to free all the actors from the existing platforms that have transformed the sharing economy into monopolistic activities. It aims to free the exchanges, using a new form of currency (BlockFoodTokens -- BFT) along with a decentralized validation entity (smart contracts on the Ethereum blockchain).

• Customers will be able to chose a fairer alternative to current players

• Restaurants will be able to reap more benefits from their online order platform

• Couriers will be able to set their own rules

All users have access to an online secured crypto-currency wallet that will hold their BFT, ready to be used in smart contracts. At the current state of adoption of crypto-currencies and given the low maturity of public knowledge, BlockFood will provide an easy-to-use solution that will allow consumers, restaurants and couriers to pay and be paid using conventional currencies.

BFT will be at the center of the smart contracts. The potential of smart contracts is huge and the actors need to be able to trust the currency.

Connecting the crypto-currency world with the real world is an up-to-date solution. We believe it is essential for mass adoption and see it as a hybrid approach to help users adopt the platform.