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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Zero-knowledge Proofs

Zero-Knowledge Proofs (ZKP) offer several key benefits for Bitenet’s "Eat to Earn" platform, ensuring privacy, security, and efficiency in transactions between restaurants and customers.

  1. Customer Privacy: ZKPs allow customers to prove their eligibility for discounts or rewards without sharing sensitive personal data, preserving privacy while still enabling verification.

  2. Trust and Transparency: Restaurants can verify customer claims securely without accessing sensitive information, reducing the risk of fraud and eliminating the need for third-party verification systems.

  3. Seamless Transactions: ZKPs enable fast, secure transactions by automating the verification process, simplifying discount and loyalty program management for restaurants and improving the customer experience.

  4. No Middlemen: ZKPs help Bitenet eliminate middlemen by establishing trust through cryptography, allowing restaurants to offer better deals and retain more revenue, while enhancing security.

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Last updated 6 months ago