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Topics - Vaio

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WHAT IS GRABAMEAL?

GrabAMeal is a decentralized self-regulated platform for food lovers. Sellers will be able to put their passion and care in the food they make for buyers who seek homely and affordable food, with minimum intermediation, low cost and higher value.


OUR TEAM
Meet the team who shares great passion and committed to make a difference in meal sharing economy through grabameal



RESOURCES
NETWORK
COMMUNITY

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GrabAMeal ICO project development will feature many path-breaking innovations, radically shaking up the meal sharing economy globally at its roots. The details of the project will emerge as we progress to the initial coin offering.

A project initiated in New Zealand for development, GrabAMeal plans to completely innovate the way people consume food, the way it is prepared and delivered to customers all over the world.

GrabAMeal is designed on the simple idea of utilizing spare resources, redistributing opportunity and business value to sellers, who has the capacity to prepare good food and serve a meal to a handful of people in the neighborhood. The buyers of the meals are people who are away from home, students or professionals or travelers to a city, who yearn for good authentic and affordable local cuisine served with the warmth and homely care.

Based on the simple idea that the present meal services models based on aggregators are merely extensions of the established eateries, with very little impact on the quality, pricing or overall experience of the buyers, GrabAMeal is embarking on creating a decentralized network of sellers and buyers of meals based on provenance and trust. Our simple approach enables anyone to setup a business on the platform to serve a homely meal to people looking for good food, without us playing the role of an intermediary. The network operates by participation of buyers and sellers, transacting on the basis of trust and reputation, enforced a few simple protocols to be implemented on the platform.

With the promise of creating and redistributing value among participants, GrabAMeal will change the way the meal servicing economy works globally. The platform will not only minimize the cost of business, it will redistribute all the value generated in the network to the participants who create the value, by creating a market not only from the supply and demand of GAM Tokens, but also rewarding participants who create the supply and demand of meals, and maintaining and managing reputation and trust among themselves. GrabAMeal plans to enable the decentralized network of meal services and generate value through tokenization of transactions and channeling back the value created through a reward and incentive program. The platform shall ensure trust and provenance through a set of protocols based on block chain technology.

We plan to bring about the next level of innovation to the food community by the process of democratization of value, provenance and trust that does not exist in most parts of the world. We are an extremely small team hoping to grow with our community of foodies. With the aid of loyal investors with strong optimistic outlook, we will present a next-generation software, hardware, and application that will be delivered to every aspect of consumer’s lives. Please pay close attention to this thread as it develops. You can expect many rapid updates to come. Until then we appreciates your interest into our thread and development. We promise a detailed, approach to our introduction that will wow our potential investors.

STAY TUNED WITH US .....

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Blockchain Technology / Blockchain overview
« on: March 14, 2018, 06:29:12 AM »
Blockchain is, essentially, a replicated shared ledger that operates using a global peer-to-peer network. It uses an algorithmic consensus established by verification through the network to approve entries to records, which it uses to manage transactions through a distributed database of computers. These entries keep getting added to the so-called ‘chain’ of computer code. When one transaction is closed, it is locked, and advanced cryptography and the consensus method of transaction approval mean that the files are as impenetrable to hackers as is currently possible.


Figure 1: Blockchain overview

Decentralization

A.   Blockchain offers a decentralised ledger of ownership by recording every transaction in the system, from creation of a block and through any number of transfers made. Every computer tapped into the system stores a copy of this blockchain, and before a transaction can be made the system checks that their version of the blockchain is in sync with all other versions in the network.

B.   Blockchain network lacks centralized points of vulnerability that computer crackers can exploit; likewise, it has no central point of failure.

C.   Every node in a decentralized system has a copy of the blockchain. Data quality is maintained by massive database replication and computational trust. No centralized "official" copy exists and no user is "trusted" more than any other.Transactions are broadcast to the network using software. Messages are delivered on a best effort basis.Nodes validate transactions, add them to the block they are building, and then broadcast the completed block to other nodes.Blockchains use various time-stamping schemes, such as proof-of-work, to serialize changes.Alternate consensus methods include proof-of-stake, PBFT etc.Growth of a decentralized blockchain is accompanied by the risk of node centralization because computer resources required to operate bigger data become more expensive.



Figure 2: Decentralization

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