Problems with Charity and How Humancoin Tackles Them

bitcoinfilter (54)in #cryptocurrency • 6 years ago

Do you know that charity and donations can generate billions of dollars on a yearly basis? Because of the appealing amount, it is very easy for the money to be misused. If you aren’t careful, you can be trapped in scams and fake charities set up by mischievous people looking to get the money to enrich themselves.

Humancoin is created to tackle such an issue. This is a platform that focuses on donation and charities, but it also combines other aspects such as e-commerce and cryptocurrency. With the inclusion of technology in the operation, you can expect a more transparent process in donating and charities. So, what kind of benefits to expect from this platform? How does it tackle the common issues in donation?

The Regular Problems

Every day, there are people making donations. It seems like a good cause, doesn’t it? The idea of helping others is always a touching matter. However, this seemingly innocent social action is often abused and misused. Not to mention that there are several major obstacles that are always related to real implementation:

Trust has always been a major issue. Donors are constantly worried that the money won’t reach the intended party. Even if they have chosen a trusted organization or charity, there is still this nagging negative thought that the money is somewhat not going to those who need it.
There is also a concern that the money isn’t 100% going to the need. Sure, a portion of it may finally be channeled to the needs, but it has to undergo a cut process. In most cases, 75% of the donation is lost along the way, leaving only 25% (or even less) to finally be given to the needs.
Channeling donations to other areas, or even other countries or continents is difficult. Things will be more complex with the foreign donation because of the differences in the currency, policies, federal laws, and such things alike.
Donors don’t see the benefits of helping out others. Sure, helping others is good for their consciousness, but that’s all.

Because of these problems, not many people would be interested in doing a good cause for others. It’s not that they don’t want to help people, but most of them are afraid that their money will only get into the pockets of the greedy people.

The Solutions by Humancoin

Humancoin is designed to face those issues with the most efficient ways. And how they are going to do it?

First, the platform is using the latest technology of cryptocurrency and blockchain, which will encourage transparency and make the process faster (and also simpler). Blockchain technology will record every activity and it can’t be changed. It provides a more transparent platform for users.
You can always track your donation. Because of the blockchain technology, tracking your donation can be done – and it is super easy. In this way, you can be sure that your donation will go to the needs.
Thanks to the cryptocurrency technology, managing and channeling the donations can be done easily – even when it has to be done cross-border.

As you can see, there are more benefits offered by Humancoin than the regular charity. What do you say about it?