Hey Hackers,
Bistroo has been nominated in HackerNoon's annual Startup of the Year awards in Eindhoven, the Netherlands.
Please vote for us HERE.
Read more about us below to understand why we deserve your vote.
Meet Bistroo
Bistroo is the next-gen online food ordering ecosystem, a fully software-as-a-service and protocol driven infrastructure to sell (and buy!) your delicious meals online. A multi-product & -service suite allows for merchants to directly sell to their customers through self-operated online channels.
Either offer your products on the BistrooMarketplace, or use the technology to spin up your own e-commerce channels like webshops, websites, QR-code ordering or any other future relevant e-commerce channels. Fully tap into this market on your own terms. Integrating blockchain and crypto technology to adopt Web3.0 principles and enable pure peer-2-peer commerce between market participants. The BIST token will enable and facilitate all the web3.0 dynamics within this e-commerce ecosystem. Including, rewarding all ecosystem participants for their contributions and behaviour in growing the reach and sustainability of the network.
How We're Disrupting/Improving the Ecommerce Industry
Our primary disruption lies in leveraging the power of direct, peer-2-peer transactions to decentralize the food delivery ecosystem. Unlike traditional services, which take a significant portion of the revenue from restaurants, we offer a platform where businesses retain the vast majority of their earnings through 5% commission fees compared to 15-45% for other platforms. We’re empowering entrepreneurs to run their online business how they see fit by also giving them access to webshops, websites and QR-solutions against low fees.
Furthermore, with our platform, consumers can directly support their favorite restaurants, fostering a stronger local food community. Additionally, the use of blockchain enhances transaction transparency and security, making Bistroo a more trusted choice in the ecommerce world.
Our Predictions/Thoughts on the Ecommerce Industry in 2023
2023 and 2024 are set to be transformational years for the eCommerce industry, primarily driven by the growth of blockchain and decentralized finance. Both customers and entrepreneurs alike want to take back control. We believe that trust, transparency, and community engagement will shape the eCommerce landscape moving forward. To prepare for these changes, Bistroo has integrated blockchain technology from the outset, creating a platform that aligns with the industry's future direction.
Governance has been a pivotal point in 2023. With countries worldwide starting to regulate cryptocurrency and blockchain technology, a more structured, secure environment for ecommerce is emerging.
The key concern for the eCommerce industry should be maintaining customer trust, especially regarding data privacy and security. To encapsulate the state of ecommerce in 2023 in one word: "Transformational."
What defines the state of Ecommerce in 2023?
The current state of the food delivery and takeaway sector can be described as "constrained". Traditional food delivery platforms, as they currently exist, exert significant control over restaurants and consumers. These platforms have established themselves as critical intermediaries, making it difficult for restaurants to bypass them and reach consumers directly.
For restaurants, these platforms can provide increased visibility and an expanded customer base. However, they also demand a substantial cut of the restaurant's earnings, sometimes as much as 30%. These high fees can be particularly challenging for small and medium-sized businesses to bear, resulting in decreased profits, and in some cases, threatening their survival.
On the consumer side, the situation is equally controlled. These platforms dominate the market, leaving consumers with little choice but to use their services. As a result, consumers may have to pay higher prices for their food, imposed by these platforms to maintain their revenue.
Moreover, despite the seeming convenience these platforms provide, they create a significant disconnect between the restaurant and the customer. The direct relationship, which was once based on a mutual exchange between the two parties, has been intercepted. This lack of transparency and the absence of a direct feedback loop can sometimes result in poor service quality and a deteriorated customer experience.
In summary, the current state of the food delivery and takeaway sector is characterized by domination by a few major platforms. These platforms exert significant control over both restaurants and consumers, leading to constrained profit margins for businesses and inflated prices for consumers. The sector is in dire need of a paradigm shift towards a more decentralized, equitable, and transparent model.
Why we decided to participate in HackerNoon's Startup of the Year awards
Participating in HackerNoon's Startup of the Year awards provides an excellent platform to share our innovative approach and mission. It also aligns with our goal to be at the forefront of ecommerce transformation, driven by blockchain technology.
Final Thoughts
We, at Bistroo, are on a mission to transform the food delivery and takeaway industry, empowering businesses and customers alike. We strive to create a sustainable, profitable, and user-centric ecosystem that fosters community engagement and transparency.