HUMANCOIN – CHANGING THE PHILANTHROPY INDUSTRY FOR GOOD
Ever wondered what these numerous billionaires and even millionaires out there do with their vast accumulated wealth? Well here is a thought, Philanthropy. The longing to promote the wellbeing of others being expressed expediently through generous donations of various sorts, is what philanthropy is all about.
If you have followed the lives wealthy individuals, you will find out that majority of the bunch are all philanthropist, giving back to world through charity organizations, sponsoring educations and various projects all for the growth and well-being of a better world.
According to a research carried out by business insider in 2015 (Emmie Martins and Tanza Loudenback in businessinsider.com/the 20 most generous people in the world), Gale Carnegie was the man who set the standard of giving back to the society where in his own words stated “no man can become rich without he himself enriching others” and he also stated “the man who dies rich, dies poor”.
This led to prominent figures in our society today finding new ways to give wealth back to the society. According to wealthx.com, who are responsible for evaluating high-profile individuals based on the amount of money spent by them on philanthropy gave a list of the top most generous people in the world today. This list is headed by bill gates who we all know to own his own foundation which facilitates giving to the entire world.
However, many business men and industrial titans do not have the time to run a foundation, so they make use of other foundations in reaching to the poor. This has resulted in donors not knowing if these funds are actually used to help the needy or foster a better world because charity industry do not promote transparency nor are they govern by any international body. With the billions being given out by donors annually, there is really little being given out to those really in need of it.
HUMANCOIN is a philanthropical industry which has seen the problems and are here with a solution that will work.
INTRODUCING HUMANCOIN
HUMANCOIN has seen how blockchain has fostered transparency in all the industry which has utilized the technology, this is why they too are using the technology not only to foster transparency but also to bring about a direct level of connection between philanthropist all over the world, and projects in need, thereby ultimately creating a better philanthropical industry.
SOLUTION
The HUMANCOIN platform will be enabling various individuals all over the world to upload their projects in need of funding directly into the platform. The platform will be making use of a rating system depending on the data gathered on the project.
This way, philanthropist will no longer have to go through various foundations or charities in order to reach the needy, as they can simply log into the HUMANCOIN platform, pick a project they wish to donate to based on the ratings and do so making use of the platform crypto token.
This way various middlemen will be eliminated and also, the platform will make sure donors are able to track how their funds are being spent in regards to the project they donated on, if the funds get to its final destination and how it is being spent.
Because of the use of the platforms use of crypto tokens, the platform will also be eliminating various issues which usually arise due to making financial transaction through the traditional banking system.
CONCLUSION
HUMANOID is set to revolutionize the philanthropy industry by making it better and even more connected.
http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf
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