Please describe your proposed solution.
The central idea of this functionality is to provide future users with the possibility of making reliable real-time reservations where you can see available tables around you through a simple, agile, and robust mobile application (APP). Reservations are a common activity in many sectors such as hospitality, restaurants, transportation, entertainment, among others, all falling under the service industry where tourism, culture, and leisure represent a high volume of business with a solid foundation. However, the reservation process can be complicated and requires the parties involved to trust that the information provided by the counterpart is accurate, with adherence to deadlines and costs.
Currently, there is no app in the market that offers real-time visualization of tables and smart contracts
The initial implementation of our business idea is aimed at the restaurant, café, and bar sector, particularly those establishments offering light meals, snacks, and drinks, which have limited occupancy tables both indoors and on terraces. In these cases, the objective of the reservation is not planned well in advance, as is currently done in the restaurant (days/weeks) or hospitality (days/weeks/months) industries. The need to have a table within 10, 20 or 30 minutes, in close proximity to the place and time the need arises, is not currently addressed. It requires a reliable procedure and information exchange between the involved parties, with transparency and immediacy.
The business idea is based on the development of an APP that allows immediate reservations, incorporating smart contracts to provide security in meeting commitments, along with the automation of bonuses and penalties based on the acquired reservation commitments. One of the objectives of the APP is to simplify and make the process more secure and efficient by utilizing Cardano’s blockchain technology.
In this regard, blockchain technology is ideal for creating a platform that ensures and makes transparent the connection established between the two parties of a reservation. The use of smart contracts provides the ability to define clear and binding rules that automate and formalize the process. Consequently, intermediaries and their associated costs are eliminated, while minimizing errors and non-compliance issues often encountered in current processes.
The proposed platform will allow users to search for available tables in establishments, make immediate and reliable reservations, obtain location information, make payments, and provide authenticated reviews about the consumed services. This offers several significant advantages for both the user and the leisure establishment offering the tables:
- Leisure establishments can showcase their businesses and gain visibility through the APP.
- Reservations have a commitment from both the user and the establishment, supported by the technological capabilities of the platform.
- Both establishments and users gain valuable information about their activities, facilitating subsequent reservations or more effective management of availability.
- The simplicity and agility of the APP provide an effective tool for filling off-peak occupancy periods for establishments. The availability status of a table can be checked with just one click.
- The immediacy tied to commitment and reliability enables a type of reservation that is currently unattended, yet based on a very common type of consumption in widely spread leisure establishments.
- Incorporating payment within the platform simplifies and streamlines this process, saving time, resources, and costs for establishments.
- The integration of reviews within the platform ensures their reliability, as they are seamlessly integrated into the entire reservation, consumption, and payment process, secured by the traceability provided by the utilized technology.
- Having the menu/products of a specific establishment available in the APP optimizes the user's selection process and expedites future orders at that establishment.
It is worth noting that this new platform would significantly increase resistance to fraud based on altering commitments or the lack of reliability in reservations, leading to the loyalty of both parties and empowering the use of this new system.
Both users and leisure establishments will be able to download the APP for free, with a simple registration process. In the case of establishments that allow payment through the platform, they will need to complete a form in compliance with current regulations (KYC).
The revenue source associated with this business idea is based on applying a commission to the establishment for each reservation made through the platform, based on the total consumption. In its basic form, there are no additional costs beyond this commission. This type of monetization allows for greater market penetration, facilitating adoption by the establishments and increasing the options available to users, ultimately resulting in higher usage and business volume.
Additionally, we have planned for a second phase, which involves offering premium services such as exclusive offers and special discounts for frequent users, managing an exclusive list of establishments based on their capacity and frequency of offered tables, as well as the reliability of reviews and proven quality.
Regarding the target audience, the application would be useful for anyone in need of making a reservation at a bar, restaurant, or café. The potential market is broad and diverse, with significant volumes in cultural and tourist areas, generally characterized by extensive leisure activities.
In conclusion, the implementation of this real-time reservation system, utilizing advanced technology and the capabilities offered by blockchain, is a thoroughly researched business idea with months of analysis and identification of needs in the broad spectrum of the culture and leisure sector. The platform undoubtedly has the potential to simplify reservation processes, making them safer, more reliable, and efficient, which will undoubtedly attract a large number of users.
Lastly, the added value provided by the utilization of advanced technologies sets the platform apart from the competition, emphasizing an evolutionary change in this type of system. This allows for greater transparency in the business, based on revenue generation through the application of a commission to reservations and premium services.
Mi Mesa, has exciting plans to integrate our platform with blockchain, specifically leveraging Cardano’s blockchain.
The first step is to generate a utility token on the Cardano blockchain. This token will enable us to implement Smart Contracts and harness the benefits and features offered by blockchain technology. In an initial phase, we will conduct tests on Cardano's preprod network, creating custodial wallets to familiarize ourselves with the process and understand how it integrates with our platform. As we progress, our goal is to migrate this token to Cardano's mainnet, empowering each user to have their own wallet and interact directly with the token.
The utility token will serve several purposes within our platform. Firstly, it will be used to reward users for their loyalty, frequency of use, and in case of any incidents they may have encountered. We aim to incentivize our users and encourage greater engagement on the platform by offering tangible benefits through this token. It is important to note that this utility token will not be available for sale or listed on any market.
MiMesa leverages smart blockchain technology to deliver numerous advantages, fostering the development of Cardano. This innovative approach ensures transparent, secure, and clear transactions in the execution of contracts between restaurants and users. It guarantees that reservations are respected, and the transaction history details are made public, enhancing accountability and trust in the process.