Blockchain technology potential seems to be endless , there will always be new technology generated from the blockchain network. Starting from the financial platform, Market Place, Gambling, Banking, health, even a Charity Platform has begun to be integrated with the blockchain network. Recently I found a Project that has a concept of a Humanitarian Platform. A Plaftorm that has the purpose to collect donations that will be distributed to people who need help. Their platform can be said not only beneficial for people who are in such distress . But with this platform all people who contribute can get the benefits. They named the system as the Proof of Charity. By contributing we can get other benefits, sometimes this way generous people will be more interested in donating their money. By using the Proof of Charity system donors will get rewards in the form of vouchers, bonuses, points or other that can be used in online E-commerce in collaboration with this Platform.
And you might wondering what is this project i am talking about?. This project is called Humancoin. Humancoin will bring generous people with Charity recipients on a single Peer-to-peer Platform in the most transparent and convenient way. The advantage of this fundraising platform is that we don't just donate using the Humancoin token. When we donate we can converge into points, bonuses, or vouchers that can be used in E-commerce around the world. So the Humancoin Project is not just about raising their funds, it can also be called the biggest loyalty ecosystem for E-commerce in the world. Slowly but surely Humancoin will continue to add partners with large e-commerce such as Amazon, airbnb, Alibaba.com, Booking.com and others. not only that they also plan to partner with airlines, cryptocurrency Exchanges, Game industry and entertainment and service businesses. Regardless of whether they operate with cryptocurrency or not. So for donors who use the Humancoin platform, they can get vouchers that may not be worth the money they donated. But that's not an important point, Humancoin just wants to encourage people to care more about each other. Because there are still many people who need our help. Apart from the reward given by Humancoin, it's perfect enough to be said as a Humanitarian Platform. They can directly distribute aid without third party intermediaries and donors can also see directly where the money they donate is given.
After I read the Humancoin Whitepaper, I understand how this platform works. Here's how the Humancoin Platform work, if there is an error on my part please do tell me.
First, Humancoin will work with E-commerce companies and so on.
Second, when there are donors who donate their money on the humancoin platform. They will be given a reward that can be used in E-commerce that has worked with Humancoin.
Third, E-commerce will get additional consumers because the goal of donors given rewards are nothing but a promotional tool or way to attract consumers to shop in e-commerce.
Fourth, this pattern will continue to repeat itself and will develop in parallel with the increasing number of Humancoin Platform users. In the future there will definitely be many E-commerce companies who will join this project as mutually beneficial partners.
These are the following advantages of Humancoin Platform:
Blockchain solves the problem of trust by providing transparency, search, and security.
Donors can quickly donate to the world, monitor their purchases online, receive benefits from the platform's partners.
Symbiosis of e-commerce and cryptocurrency will facilitate an increase in the number of donors.
There is also the option to receive a "Receipt" for each donation that will be used for tax reduction purposes depending on the donor's tax jurisdiction.
Humancoin is currently conducting an ICO to sell their tokens, the ICO will expire on November 1, 2018. And based on the information I got from their Website dated October 15, 2018, Humancoin has raised $ 6,222,861 USD. If the funds they get are calculated based on Ethereum, Humancoin has collected 31,114 ETH (with an ETH rate = $ 200). With the current amount in my opinion the Humancoin Project is very promising especially they are a Charity Platform which is usually sought by people who want to help others.
If you are interested in this Project, you can buy Humancoin tokens directly on their official website. and if you look at their ICO time that will end soon, maybe now is the right time to invest in this project. and the good news is that they have reached the softcap, so there's no need to fear anything anymore because this project will run according to the roadmap.
Conclusion: Humancoin is a very innovative Charity Platform and they can benefit everyone who contributes to the Humancoin Platform. With Blockchain technology, Donors will be more confident in the contributions they make. And with Proof of Charity system, I believe that the Humancoin ecosystem will survive and thrive as time goes by.
If you want to find the latest information from this project, you can visit one of the links below.
Website : https://www.humancoin.net/
Whitepaper : http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf
Ann Thread : https://bitcointalk.org/index.php?topic=4469466
Facebook : https://web.facebook.com/Humancoinnet/
Twitter : https://twitter.com/humancoinnet