Forkspot.io

Transforming Food Technology

A decentralized hub between Restaurants, Consumers and Delivery Drivers powered by Blockchain technology.

Whitepaper

About Forkspot.io

At Forkspot.io we love food and the convenience of having food delivered, but not the inflated cost. In 2015 our CEO, Grigori Mikayelyan, went on a mission to design a technology platform and business service model that relies on fair wealth distribution for all parties involved in the food ordering process.

By combining the power of Blockchain technology and a state-of-the-art order management platform, the first decentralized ecosystem between restaurant vendors, customers, and delivery drivers was born.

Since our launch in 2015, we have become the fan favorite of food ordering platforms, growing to over 74,000 users and 1,100 restaurants. Due to our success, we are ready to expand worldwide.

Our Initial Exchange Offering is designed to fund the worldwide expansion and support the integration of the Forkspot.io Blockchain order management platform and the Forkspot.io Token (FRSP), delivering a simple, easily adopted platform that is powered by the use of cryptocurrency.




Forkspot.io Ecosystem

FS Settlement Layer

With the need for fast real time order and payment transaction processing, Forkspot.io ’s ecosystem will utilize the Ethereum networks. This layer will speed transactions up while maintaining the blockchain as the final authority on the network. Our SMC (smart contract) settlement layer will be used as an interface to speed up the SMC state update, by acting as a light client of the Ethereum blockchain and focusing on Forkspot.io SMC's.

Our Blockchain

Forkspot.io Blockchain algorithmically manages Forkspot.io food orders and their deliveries, for and by its own users. Forkspot.io Blockchain allows every blockchain verified Forkspot.io user to become a part time, full time or an occasional delivery driver, by introducing unprecedented efficiency and scalability.

Forkspot.io Architecture

All users access the platform using Forkspot.io Applications, with three formats: mobile application for users, restaurant tablet application and web application. Those front-end interfaces interact with the platform using Forkspot.io API, which handles all aspects of the core of the platform (users, content, administration).

Our API

The Forkspot.io API is at the heart of the FSB platform whih handles everything from users, restaurants, menus, couriers, localization, to transaction entry point, security, vendors and vendor/restaurant transactions. Forkspot.io API is built, using modern on-the-fly deployment strategies with scalable containers, API components will be stateless, to achieve maximum simplicity and flexibility.

Forkspot.io Wallet

A key aspect of the Forkspot.io platform is to provide users with a seamless easy to use tool when using cryptocurrency. Our users will be offered an integrated Forkspot.io Wallet to simplify their interactions with the platform and encourage adoption of cryptocurrency. The Wallet service will be capable of handling all wallets from the our users. The platform will also be accessible to third parties to create alternative applications.

Marketplace

The Forkspot.io Marketplace is a FS-Blockchain based platform for the restaurant supply vendors and restaurants. It provides specially designed tools to streamline procurement and increase profitability. Restaurant supplies are bought and sold powered by SMC (smart contracts). Suppliers have access to their vendor panel, where they will manage their account, products, billing and much more. Restaurants have access to a centralized marketplace through their merchant panel and tablets to place restaurant supply orders and pay by FRSP tokens or USD.  

HUGE AND GROWING GLOBAL MARKET

Global Restaurant Delivery Sales

€83 billion

Yearly Growth

25%

Million Users and Growing

971 million

Road Map

Q4 2015
Forkspot.io was founded as a restaurant discounts app by its founder Grigori Mikayelyan
Q2 2016
Forkspot.io launched worlds first pay-per-walk-in advertising network for the restaurant industry utilizing the power of iBeacon techonology.
Q3 2016
Forkspot.io mobile apps were launched in the iTunes and Google Play app stores in August, 2016.
Q4 2016
First 100 restaurants joined the Forkspot.io platform by the end of 2016.
Q1 2017
Forkspot.io secures its first seed funding.
Q1 2017
In February of 2017 Forkspot.io secures additional Series A funding from Capital Union Partners (Hong Kong)
Q2 2018
Forkspot.io opens its second market in San Diego, CA with over 400 restaurants under its belt.
Q3 2018
Over 1000 restaurants, bars and coffee shops had joined Forkspot.io .
Q4 2018
Forkspot.io launched its food ordering platform as well as the restaurant tablet technology that streamlines the pickup and dine-in ordering process.
Q3 2019
Forkspot.io announces its initial exchange offering and its expansion to Europe and Asia.

Get the Forkspot.io app

Order food on the go, wherever you are. Order ahead, save money with discounts, save time when you skip the line, and pick-up with Forkspot.io .

How it Works?

Blockchain

Forkspot.io Blockchain is the first decentralized hub to make food delivery more affordable and convenient.

Users

Forkspot.io users will use FRSP token to order delivery and/or take-out food on our platform.

Vendor/Driver Payment

Restaurants and drivers will have the option to be paid in FRSP tokens.

Rewards

Users are rewarded and with the FRSP Tokens for good performance, reviews and incentives.

Frequency Asked Questions

  • What is the difference between a permissioned and a permission less blockchain?

    A blockchain is permission less if anyone is able to join. Forkspot.io is a permission less blockchain that requires minimal computational power to join. All users who possess Forkspot.io , and are online, are automatically eligible to participate in block consensus. A blockchain is permissioned if joining and participating require proper authorization.

  • What is “proof-of-work?”

    In proof-of-work users must solve complex cryptographic puzzles in order to propose new blocks. The first user to solve his puzzle has the right to add a block to the blockchain and earn a monetary reward. This process is very expensive and results in de facto centralization. For example, Bitcoin's blockchain is controlled by just three mining pools.

  • How does Forkspot.io define decentralization?

    For us, decentralization means not to have to trust a centralized entity as the single source of truth in the network. The responsibility to run and maintain the network falls to ordinary users.

  • For the Forkspot.io network, what does it mean for an account to be offline or online?

    An account is offline if it does not participate in the consensus protocol, and is online otherwise. Either account can always transact. Any offline account can choose to become online (and vice versa) by posting a special transaction on the blockchain.

  • What is the Forkspot.io Architecture?

    All users will access the platform using Forkspot.io Applications, with three declinations: mobile application for users, restaurant tablet application and web application. Those front-end interfaces will interact with the platform using Forkspot.io API, which will handle all aspects of the core of the platform (users, content, administration). The API will communicate with dedicated micro-services: Blockchain workers service and Wallet service. Blockchain workers will handle the communication with the Ethereum blockchain, using a specific mechanism described further in this document. The Wallet service will have the responsibility to handle all wallets from the platform’s users. The platform will also be accessible to third parties to create alternative applications.

  • What are the Forkspot.io Applications?

    Mobile-platform dedicated applications: iOS, Android Web application accessible through a web browser on any platform.

Our Awesome Team

Grigori Mikayelyan
Founder & CEO

Grigori Mikayelyan is the Chief Executive Officer at Forkspot.io . He is an entrepreneur with tremendous knowledge and experience in blockchain, network and communications, design, marketing, and product management. He holds a BA degree in Network and Communications Management from DeVry University.

Art Zamanyan
Chief Operating Officer

Art Zamanyan is COO of Forkspot.io . He is an operations and IT leader with years of experience successfully leading complex IT development projects, developers and operations teams. He leads multi-national development teams in the Forkspot.io project.

Carrie Sams
Chief Development Officer

Carrie Sams is CDO of Forkspot.io . She is seasoned restaurant industry leader with over 10 years of experience at brands like Jamba Juice and Blaze Pizza and an expert in global growth and development expansion strategies.

Anand Prakash
Chief Technology Officer

Anand Prakash is our lead blockchain and smart contract developer as well as a software engineer with over seven years experience working on large scale projects. He is a seasoned specialist in developing decentralized applications.

Tony Chavez
Business Development Director
Soubia Tanveer
Marketing and Account Management
Anthony Rodriguez
Lead Developer
David Trinidad
Developer
Sitaram Sharma
Lead Android Developer
Shubham Dubey
Developer
Kirti Kalra
iOS Developer
Naveen Kumar Bhalla
Developer
Ramnivash Singh
Lead Backend Developer
Ishwar Singh
Backend Developer
Abhishek Pandey
Developer
Rahul Choudhary
Developer
Ajay Kumar
Manager
Akhil Kumar
Head Technology Manager

Advisors

Liam Robertson
CEO at Alphabit, CFA

Liam is one of the largest individuals and corporate traders of Cryptocurrencies in Europe and the Middle East. As founder and CEO of Alphabit Limited, Liam now advises a number of funds, family offices and ground-breaking Blockchain enterprises.

Minhui Chen
CEO at Block72

Minhui Chen is the founding partner at GBIC as well as and the CEO of Block72, a global consulting firm specializing in blockchain technologies. Minhui worked with many top blockchain projects such as AELF, Basic Attention Token BitMax and Hedera.

Zhuling Chen
Co-Founder Aelf

Zhuling Chen is the Co-Founder & Chief Operating Officer of a state-of-the-art decentralized cloud computing blockchain network called AELF. He is also an MIT graduate Consulting veteran at Roland Berger, advised multiple MNCs and governments.

Krista Waddell
Business Strategy Consultant

Krista Waddell is the president of Dzhel Ventures. Krista used her marketing knowledge and accounting skills to start Reaction Advertising, Specialties, and Promotions, which focused primarily on the hotel/casino industry. She holds a bachelor's degree in Marketing from the University of Phoenix.

Fred Foalks
Director at Panera Bread Co.

Mr. Foulkes is an independent director at Panera Bread Co. He is also a professor of organizational behavior and director of the Human Resources Policy Institute at Boston University School of Management. From 1968 to 1980 he was a member of the faculty of Harvard Business School.

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