Synchrolife - A Decentralized Restaurant Recommendation Platform

Have you ever been to a new city or a new country and struggled to find great restaurants to eat at or to find a place that serves authentic local cuisine? Well, I have. On my visit to Turkey last year, I struggled with finding the best Doner Kebab joints.

I’m a citizen of India and here we have Zomato (equivalent of Yelp) and it has been really helpful in suggesting me the best places. And I’ve tried Yelp too while in States. But there are nations where no such services exist.

With this problem set as a premise, Tomochika Kamiya (CEO of Synchrolife Ltd.) decided to help people from all over the world to find good restaurants and food that match their personal taste, while assisting the restaurants in finding new customers.

SynchroLife team, after execution of synchrocoin, plans to focus on to creating a decentralized restaurant recommendation platform while improving the authenticity of restaurant information in parallel. It’ll also help restaurants in increasing the reviews, growing the active user base and AI to create personalized recommendations to user based on their taste, last review and recommendations.

Subsequently, Synchrolife will move into rewards and payments as well wherein a user will be able to pay bills using synchrocoins and will get rewards for review in SYC (for example). Additionally, They want to develop a fin-tech platform for seamless payments starting with restaurant industry where the synchrocoin tokens will be stored on wallet and debit cards and user can use them to pay restaurant bills anywhere in the world.

Now, the next logical question is: is it a logical or a viable choice? In my opinion yes. My opinion is based on 3 pillars:

1. Market Size

The global restaurant industry was pegged at $ 2.7 trillion in 2014 and is expected to grow to $3.8 Trillion by 2019. Furthermore, APAC accounts for 43% of this sales and Japan is at $220 billion.

2. Increasing Adoption of Mobile Payments

In Asia Pacific, there are 4 of the largest economies in the world with a huge potential and active mobile user base: India, China, Japan & Russia. The restaurant business size here is $1630 billion, yet, trustworthy restaurant reviews and information is still lacking. The active mobile user base in APAC is over 1.5 billion and is expected to be more than double by 2021.

3. Crypto-currency Adoption

With China banning the ICOs, there is a lot of speculation and if news is to be believed, major bitcoin miners are now moving to Japan. Similarly, the adoption rate for crypto-currency in APAC is increasing multi fold.

Synchrolife’s decentralized restaurant recommendation platform aims to be the first service that combines all 3 of the above pillars and brings crypto-currency, mobile payments and good food together.

How Synchrolife works?

1. iOS and Android mobile apps & website

2. Personalized restaurant recommendations to user on a daily basis

3. Restaurant review timeline for user to check most popular reviews

4. Short reviews (max 240 characters)

5. Personalized search

6. Lists to manage review posted by you

7. Social interactions (following, messaging, etc) for user to user interaction

Join the crowd sale asap. It ends on 20th October. There is a huge potential and good returns.

Risk Score: LOW

Reward Score: HIGH

Join the crowd sale here: http://synchrolife.org