In 2017, MarketInsightsReports reported that the charity market is an enormous industry. The charity market was estimated to have a market value of around $747 billion. You will agree with me that the figure is huge and very impressive and this is the confirmation that people hardly measure and monitor the “peer-to-peer transactions executed on a daily basis. Many of us give out money or other resources to charity organizations from time to time.
The resulting effect is that nothing much has changed in the charity industry in terms of the technological processes adapted. The visible difference is that philanthropic foundations have replaced the conventional monasteries which were in effect for two hundred years ago. Although there has been a visible change in the mode of payment but the problems haunting the industry still persists. It is becoming increasingly difficult for philanthropists to find reputable projects, quickly transfer funds to them without any doubt, and most importantly, be rest assured that the funds are used judiciously.
The Humancoin platform offers a viable and lasting solution for the charity industry through the consolidation of three revolutionary processes, the cryptocurrency market, the blockchain technology, and the e-commerce loyalty programs. This platform brings together all the stakeholders including the donors, recipients and e-commerce players. The company built an interface to enable the participants to quickly and seamlessly send donations to any country of their choice, to monitor the transactions and also have the chance to review the reports.
The benefits of using this platform are enormous. First, it helps resolve trust issues by ensuring security, traceability, and transparency. Also, it eliminates the long charity chain and the middlemen involved in the transactions. This includes; NGOs, Banks, Law Firms and State Bodies. Importantly, Philanthropists are the biggest winner and they tend to benefit massively from this platform. It enables them to monitor the transaction and the recipients of grants are only able to expend the resources on worthwhile projects after meeting mandatory conditions.
All these remarkable innovations will enhance the growth of the charity industry. As at today, reputable charitable organizations like Save the children, Red Cross, and United Way and a host of others have begun accepting funds and other donations in cryptocurrency. Also, there are confirmed reports that the new technology is currently being studied by big market players such as the World Bank, the Bill and Melinda Gates Foundation, and the World Bank.
On the Humancoin platform, their token will engage numerous cryptocurrency users from different varieties of loyalty programs all over the globe to guarantee a stable and lasting demand for tokens. The funds generated at the Token sale will determine the financial strategy to be deployed by the company which will be expended on various projects to be executed in Q4 of 2018-2019.
This remarkable project was initiated and executed by a group of experts namely; Gilas Gailer (CEO), Kate Bublik (CMO), Aravinda Babu (Blockchain and Smart Contracts Expert), Kai Hsia (Senior Software Engineer), Daniel Maximkin (Head of Digital Analytics), Nathan Van de Van (Community and Project Manager), Elena Tarasova (SMM Manager) and other special advisors.
In case you are running a charitable organization and you are in limbo about making donations, the Humancoin platform has been developed to ensure that your funds are used judiciously. You have nothing to fear because your funds are secured with the Humancoin platform. To find out more about this project, kindly click any of these links; website, whitepaper, telegram, twitter, facebook
Author - Coltpython
