BITENET WHITEPAPER
  • Bitenet: A global blockchain powered loyalty system for restaurant economy
  • Introduction
    • Broken Down Restaurant Economy
    • The Guest Ownership Problem
    • Customer Lifetime Value
  • White Paper Simplified
  • Bitenet Eat to Earn
  • Bitenet Ecosystem Overview
  • Bitenet Multiplier Effect
  • Tokenomics
  • Staking
  • Bitenet NFC
  • Zero-knowledge Proofs
  • On Chain Data as Digital Assets
  • Connecting with Food Banks
  • Universal Basic Income through Bitenet
  • Decentralized Identifiers (DIDs) and Ranking Systems on Bitenet
  • Bitenet Software
    • Customer App
    • Restaurant Portal
  • Bitenet Restaurant
  • Restaurant Customer
  • Promoter System
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Bitenet: A global blockchain powered loyalty system for restaurant economy

NextIntroduction

Last updated 6 months ago

Abstract

Bitenet is an independent and decentralised loyalty network that creates multiplier effect for the participants of restaurants economy. Bitenet's all-in-one Web3 solution includes native hardware machines, software applications, blockchain and duo token $BITE / $NET. The solution encourages participants to contribute, earn, engage and eventually leads to industry growth. In Bitenet ecosystem, the are two main type of participants, System User(Restaurant) and Contributor (Customer). The end goal is to create mutual benefits to all participants that allows restaurant economy lands on Pareto Efficiency.

Pareto efficiency is defined by economists as a situation where no one can be made better off without making someone else worse off.