How Can Blockchain Technology Benefit the On-Demand Food Delivery Industry

 The origin of ready-to-eat food goes back to Roman times in the 1800s with the first food delivered to Queen Margherita and King Umberto in 1889. It marked the beginning of the trend we relish today. Soldiers and workers were also dependent on fresh lunch delivery services. Technological advancements in the 1950s brought televisions to most American homes. Families preferred to stay home, watch their favourite shows and order food, but it was just limited to packaged fast food. Going a step further, Pizza Hut launched Pizzanet, the first website for ordering food online in 1990, followed by Waiter.com in 1995. The convenience of ordering quickly over the Internet and eating at home has made this service popular. In 2011, Domino's Pizza launched mobile ordering through its food delivery app to bring a new level of convenience to its customers.

As the popularity of smartphones increases and ordering through mobile apps becomes easier, it has become a favourite among customers. In fact, restaurant owners have embraced the digital route and moved their menus to these on-demand food delivery platforms to serve customers who are interested in takeaways and home delivery. 

But, a more serious problem was identified as a new application-based food delivery business model was developed. Being a leading on-demand app development company, we know how many problems restaurant owners and customers are facing these days with issues related to:

• Decreased food quality

• False identities used by delivery agents

• Absence of guidelines for deep discounting

• Lack of secure payment options

• Chaotic tracking of order volumes

• Manipulation of food orders

• Delayed food delivery time

However, there's one particular technology that can put all these problems at bay and bring a lot of difference to your on-demand food delivery business. Recently, blockchain has undoubtedly become a revolutionary innovation. The importance of the digital space in all industries is growing exponentially due to its ability to enable growth. The first revelations of blockchain technology were the use of the technology behind the digital currency Bitcoin.

Today, companies are currently exploring blockchain-based solutions and applications in several different industries. Aside from cryptocurrencies, the development of blockchain-based food delivery apps like UberEats is one area where new technologies can deliver significant results. Advances in the blockchain supply chain enable these applications to provide stakeholders with a range of capabilities including traceability, audibility, security and efficiency, as well as end-to-end process transparency.

Benefits of Integrating Blockchain With On-Demand Food Delivery Apps

Restaurant business owners can integrate blockchain technology to streamline business processes and secure systems to drive revenue while developing a trustworthy ecosystem. Being the most sought-after destination for Blockchain app development services, we've stated down some of the key benefits of integrating Blockchain with on-demand food delivery apps.

• Enhanced Reliability

Blockchain can help optimize the food supply chain, organize all your activities like raw material sourcing, order management, food preparation, packaging and shipping right at your doorstep.  Set up a robust workflow that reduces the chance of errors and misunderstandings. Optimizing business processes using blockchain improves the efficiency of the entire supply chain. Streamlining operations at every level can save you money and time.

• Transparency

The food delivery industry suffers from a lack of transparency. Blockchain and cryptocurrencies enable cashless payments and simplify the payment process. While waiting for someone's credit card to be processed, delays, as well as processing fees, are significantly reduced. This is especially true when dealing with customers using different currencies. On the other hand, restaurants can now accept payments from customers who want to pay for their food with Bitcoin. 

• Seamless Commission Distribution Between Restaurants and Delivery Partners

Disbursement and commission distribution challenge traditional food delivery systems because of the many intermediaries between the parties involved. As the level increases, the commission rate also increases by up to  30%. Blockchain allows the management of multiple relevant parties and intermediaries. Track all activities performed by delivery partners and restaurants. You can track any regulatory violations before commission payouts, thus reducing payment delays. 

• Regulated Restaurant Participation

Blockchain enables smart contracts and automatically adjusts and controls restaurant participation. For example, you can automate business processes to eliminate any restaurant or delivery partner that is not compliant with the law. Smart contracts ensure compliance with industry regulations and automatic disbursement of commission payments.

• Boosted Sales

Smooth ordering and tracking through blockchain-integrated food delivery applications enhance the overall customer experience and drive sales. Restaurants and aggregators can also create loyalty programs to build a rock-solid customer base on the platform and even initiate subscription programmes. It also makes it easier to check a restaurant's cash flow without manually checking spreadsheets or opening a cash register.

The Key Takeaway

Offering security, on-time delivery, and convenience through Blockchain-based food delivery apps will help your business thrive to its full potential. The best part is that you can take inspiration from apps like UberEats to build a robust on-demand food delivery app powered by Blockchain.

All you need to do is, contact Zazz, the most trusted food delivery app development company to achieve your goals. Contact us to learn more.