It is a normal occurrence in the environment to see people give away loss coins or changes to beggars on the streets. It is a worldwide sight. It is also very well known to us that some businesses and companies are channeling part of their income to charitable institutions run by mostly churches. But, it cannot be denied that a big percentage fail to do so, because of doubts in the authenticity of every transaction. Transparency and bureaucracy cost the industry a lot.
The rebirth of the industry
The introduction of blockchain technology and its inception in the philanthropy industry, redefine its total strategy of operation. It is like a total upgrade of the system. The old system is refurbished. It is the total solution to the old problem.
• Because of the transparency of the transactions, wherein the donors can monitor how their money is being spent and that it goes to the right people, here is a renewed trust among them towards the system. It will encourage them to do more. It will also pave the way for more new donors, as others will follow.
• This will also create a way for a charitable institution to show the people of their true and honest work. This will clear them from the doubts of some donors and the public.
• With the automation of every transaction, speed and cost efficiency are the main benefits that everyone involves gets. It removes the unnecessary expenses that is incurred by all parties and gets rid of the middlemen along the process.
What are charity institutions?
Charity institutions are mostly the main recipient of these donors from companies, and they are the one who distributed this in kind or cash to their chosen community. These institutions are composed of mostly professionals and other staff to help them facilitate the distribution of the goods.
The charitable institution does not run without expenses. They also maintain overhead cost from the utilities, maintenance, and administrative cost. That is the big challenge for them, because, a big fraction of the donation goes to these expenses. With the humancoin and the blockchain technology, they hope to resolve this issue.
The advantages of Humancoin
• With the humancoin platform, the project will be open for all organizations in the whole world. A certain project is not specified to a certain organization. So, there is no monopoly of funds.
• Most of the popular currencies in the crypto world can be managed by the humancoin platform.
• The donor can decide to leave his funds for the system to allocate to projects that have the highest rating.
• It can use any functions of any user-friendly interface.
These are just some of the many advantages that humancoin will bring to the industry. The introduction of this platform must be welcomed by mankind. The platform will not only add value to the philanthropy and charitable industry, but to mankind as a whole. It brings new life to the beneficiaries, it ads passion to the donors and benefactors, and it reminds the world, that technology should not leave this industry behind.
Website Link : https://www.humancoin.net
Whitepaper Link : http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf
Twitter Link : https://twitter.com/humancoinnet
Telegram Link : https://t.me/HumancoinChannel
ANN Threads Link : https://bitcointalk.org/index.php?topic=4469466
Facebook Link: https://www.facebook.com/Humancoinnet
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2379557