Love Food Hate Waste — Delicia leverages blockchain tech to eliminate Food Wastage Delicia Follow Apr 10, 2018 · 2 min read

Governments around the world are waking up to the problem of food wastage. French parliament criminalized throwing away of food by restaurants and grocery stores in the recent years, others are following suit. While there may be renewed Will in solving this problem, the means and infrastructure are inadequate. Therefore, any effort to eliminate food wastage falls short of it desired outcomes. Despite everybody’s best intentions the world still wastes 1.3 Billion tonnes of food each year. If routed to those in urgent need, it could very well wipe out hunger!

Delicia plans to do just that. We are building the technology that will make structural changes to the way the current Food value chain works. The answer lies in AI, advanced tracking, demand/supply estimation and above all connecting businesses and consumers in this food value chain. This will result in better economics, more efficiency and re-routing of excess food where it is needed most.

Using blockchain tech and advanced AI, Delicia makes vital connections between stakeholders in the food value chain. Through our platform, businesses incentivize the sale of near-expiry food and other deals on the Delicia network while potential buyers get access to quality food at a discounted price. In doing so, we boost small businesses by giving them a better way to market to their potential customers nearby. From the consumers end, we give them access to inventories of participating businesses that also include near-expiry quality food available at deep discounts. This helps prevent the businesses from throwing this food away. But it’s not just restricted to expiring food. Delicia also provides the businesses a way to communicate their regular deals and promotions and matches them with the preferences of the consumers. It’s a win-win.

The Delicia platform is not only a hyper-local bridge between sellers and buyers of food but it also streamlines the food value chain by providing real time accurate statistics on food demand, consumption and its supply. Equipped with this knowledge players in the industry can better estimate demand patterns, plug supply gaps and reduce factors that lead to food wastage. Our goal is to revolutionize the business of food such that it reduces wastage and sustains itself on a much more sound economic model. One that doesn’t include wastage as a by-product.

We have set out to revolutionize the food value chain by harnessing the power of Blockchain and AI. It is not just about the noble cause of eliminating food wastage but it also presents an immense economic opportunity, to the tune of $18.2Bn. This economic opportunity will materialize only when food supply and its consumption are more in-sync. That’s exactly what our technology does!

Subscribe to our whitelist today on delicia.io to become part of this decentralized food revolution.