💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Shibarium's Blockchain Technology Brings Sizzle To Fast Food Industry

Published 13/09/2023, 18:49
© Reuters.  Shibarium's Blockchain Technology Brings Sizzle To Fast Food Industry
SHIB/USD
-

Benzinga - Shiba Inu's (CRYPTO: SHIB) Shibarium on Wednesday announced it has teamed up with Italy-based fast food franchise Welly to enhance the dining experience using blockchain technology.

This collaboration aims to bring unparalleled transparency, incentives, and customer engagement to the fast-food sector.

Such innovative collaborations in the digital assets domain will be a central topic of discussion at Benzinga's Future of Digital Assets conference on Nov. 14. The event promises to offer insights into the evolving dynamics of the digital asset world, especially as blockchain technology continues to reshape various industries.

Welly, positioned as the pioneering Web3 business built on Shibarium, is set to operate its initial restaurant in Naples, Italy.

The venture has the backing of the SHIB community and the Shibarium blockchain, which will oversee the restaurant's operations, customer loyalty programs, and food-based incentives, according to a press release shared with Benzinga.

Also Read: FTX's Ticking Time Bomb: Dogecoin, Tron, And Polygon May Face Brutal Shockwave

Plans are already in motion to expand the Welly franchise both within Italy and globally.

The Shibarium blockchain will play a pivotal role in Welly's operations, including the ability to trace food from the farm to the table.

Initially, Welly's menu will feature burgers, fried chicken sandwiches, and fries, with plans to introduce vegan and gluten-free options.

Shiba Inu Lead Developer, Shytoshi Kusama, expressed his enthusiasm for the collaboration, stating, "Blockchain, especially a robust one like Shibarium, can enhance almost every facet of the restaurant experience."

He further emphasized Shibarium's potential to streamline processes and incentivize every stage of the fast-food franchise process.

Stefano Guglielmini, a member of the development team, highlighted the shared vision of the collaboration, emphasizing that "Web3 is not just a technology but a philosophy reshaping collaboration and creation."

Shibarium is a Layer 2 blockchain built on Ethereum.

It supports the broader Shiba Inu Ecosystem, which includes the SHIB and Leash tokens, SHIBOSHI NFTs, SHIB The Metaverse, the ShibaSwap DEX, and the Shiba Eternity game.

Read Next: Ripple Prefers Overseas Talent, Shifts 80% Of Hiring Due To Regulatory Challenges

Meet and engage with transformative Digital Asset and Crypto business leaders and investors at Benzinga's exclusive event - Future of Digital Assets. Tickets are flying- get yours!

Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.