HUMANCOIN: SOLVING LACK OF TRUST & TRANSPARENCY THROUGH BLOCKCHAIN TECHNOLOGY.

torps1 (39)in #e-commence • 6 years ago

OVERVIEW
Philanthropists, Cooperate Organizations, goodhearted individuals etc usually give donations in form of charities, this kind gesture happens all over the world with the ultimate goal of reducing the sufferings of the less privileged in the society and/or giving succor to victims of unpleasant incidents like an earthquake, accident etc.
In most cases, the donor usually requires the services of a third party(such as banks, NGO's, law firm etc) in order to effectively send donations to recipients.
But unfortunately, this traditional method of reaching the recipients is associated with too many setbacks ranging from lack of transparency, lack of trust, possible misappropriation of funds, delay in transactions, a high cost of transactions fee, etc. In an effort to solving these problems, a team of educated and experienced professionals evaluated the problems and arrived at a solution which is rooted in a project called Humancoin.

ABOUT HUMANCOIN
Humancoin is a technology-driven platform with the aim of bringing synergy between three fast-growing industry (Charity, cryptocurrency & e-commerce), these industries have a combined value of $3.5 trillion. Actors of Humancoin project is leveraging on technological advancement to create a platform where third parties will be eliminated from the line of donations, thus enabling donors to send donations directly to recipients. The design of the platform cover all forms of donations in all three industry(charities, e-commerce & cryptocurrency). Some of such donations types include charities, affiliate bonuses, loyalty bonuses.

PROBLEMS TO BE SOLVED BY HUMANCOIN.
Lack of trust and transparency is a major setback when it comes to donation.
It is impossible for donors to track and verify if their donations actually get to the intended individuals within the given timeframe. Reportedly, about 20% of all donations (funds) end up being kept for administrative purposes by charity Foundations.
Donations across international borders are faced with some kind of regulatory hassle while a greater part of funds intended for donations ends up being used for a transaction fee, especially international transactions.

The Humancoin platform

SOLUTION TO THE PROBLEMS
Humancoin is leveraging on blockchain technology in solving the existing problems of lack of trust and transparency.
The use of blockchain technology in Humancoin platform will eliminate third parties due to its peer-to-peer model through smart contracts. Its open-source feature will enable donors to track the state of their donations while also helping to facilitate transactions at lower cost and faster speed even across international borders.
Blockchain is a new and revolutionary technology capable of transforming the charity industry for better experiences, it has attracted the attention of major market players such as UNICEF, world bank etc who are still learning about the technology while other giants like Red Cross and other reputable organization are reported to have started accepting donations in form of cryptocurrency which is built on blockchain.

WHY SHOULD ANYONE SUPPORT HUMANCOIN PROJECT.
solving a major problem that is common to three emerging markets with a combined value of over $3.5 trillion alongside an ever fast growing user base is a great strategy that would propel Humancoin platform to a greater height.
Its design model will attract more donors irrespective of their location, becoming a global e-commerce loyalty program aggregator is easy based on its operating principles.
The humancoin competitive advantage is simply amazing! because instead of competing with other projects within the charity sphere, humancoin token will be integrated into already existing systems in a very simple way, thus enabling other projects( within the charity, cryptocurrency and e-commerce industry) to use the Humancoin platform, which will ultimately increase its user base too.

ABOUT HUMANCOIN TOKENSALE.