Since the advent of the blockchain technology into the IT world Ur can be said generally that alot of blockchain-based Innovations have been seen coming into place, some of them have successfully pulled of the innovative ideas which they intend to come up with while some have laid fallow but in the end we can all see the indisputable results this technology has brought to us. This leads me to one of those beautiful innovations I am talking about.
Cherr.io is a unique project in the sphere of Cryptocurrency that seeks to provide a blockchain based solution to the problems of charity donations. This brings a new way for charities and humanitarian efforts. The project seeks to lay its focus on Ensuring transparency and to prevent fraud with the help if the Decentralized public blockchain which can be accessed by everbody. This way after charity donations are made to established Wallets which should belong to the body that is to receive it, there would be lower cases of fund diversion as this would be done using Cryptocurrency. And this offcourse would ensure low transaction fees when compared to the traditional way of charity donations today
FEATURES OF THIS PROJECT
HIGH LEVEL OF SECURITY
With the use of the Etherium blockchain, movement of transactions can be verified and the trust that people would have in the coming years would increase be reason of this.
PEER TO PEER CHARITY DONATION
Peer to peer charity donation would certainly be achieved as a result of the fact that no middleman would be involved in the process of this charity donation hence increasing transparency
PROTECTION AGAINST FRAUD
Funds will be disbursed using smart contract to check against any form of unscrupulous act. And the funds will be released in phases based on the progress of work as promised by the charity organisation and the voting of the community too
This and more are the various plans that have been put in place by this wonderful project and I would advise that interested and prospective investors go through the site Here for more information
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