Unknown Organization (20240273654). Creation of a Private Market and Marketplace for Cooking Recipes on Blockchain simplified abstract
Contents
Creation of a Private Market and Marketplace for Cooking Recipes on Blockchain
Organization Name
Inventor(s)
Balaji Kannaiyan of Cary NC (US)
Creation of a Private Market and Marketplace for Cooking Recipes on Blockchain - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240273654 titled 'Creation of a Private Market and Marketplace for Cooking Recipes on Blockchain
- Simplified Explanation:**
The patent application describes the creation of new private markets for cooking recipes and restaurants on the blockchain. This allows chefs, recipe creators, cookbook authors, influencers, restaurants, and meal delivery services to trade their services without a middleman.
- Key Features and Innovation:**
- Creation of new private markets for cooking recipes and restaurants on the blockchain.
- Elimination of middlemen in transactions between chefs, recipe creators, restaurants, and meal delivery services.
- Use of smart contracts for asset and service transactions.
- Introduction of a new category of distributed and autonomous restaurants and delivery services that are NFT-enabled and AI-enabled.
- Potential Applications:**
This technology can be applied in the food industry, allowing for direct transactions between various stakeholders without intermediaries. It can also be used to create innovative and decentralized restaurant and delivery service models.
- Problems Solved:**
The technology addresses the inefficiencies and high costs associated with traditional marketplaces in the food industry. It also provides a secure and transparent way for stakeholders to trade their services.
- Benefits:**
- Increased efficiency in transactions.
- Lower costs for stakeholders.
- Enhanced security and transparency in trading services.
- Creation of new business models in the food industry.
- Commercial Applications:**
The technology can revolutionize the food industry by enabling direct transactions between stakeholders, reducing costs, and creating new business opportunities for chefs, restaurants, and delivery services.
- Questions about the Technology:**
1. How does the technology ensure security in transactions between stakeholders? 2. What are the potential challenges in implementing this technology in the food industry?
Original Abstract Submitted
creation of new private markets for cooking recipes and restaurants on the blockchain. the private market allows the creation of a new marketplace where chefs, recipe creators, cookbook authors, influencers, restaurants, and meal delivery services can trade their services without a middleman. the private market creates a new market mechanism to make this asset and service transaction possible. as a consequence of the private market, this invention claims a new marketplace is created where the assets and services are transacted thru various smart contracts. as a consequence of the new transaction mechanism, this invention claims that a new category of distributed and autonomous restaurants and delivery services is created that is nft-enabled and ai-enabled distributed smart social restaurants.
