CHERR.IO - A real solution for charity donations by means of blokchain

rajnikumarpatel (25)in #cherrio • 6 years ago

CHERR.IO is a global donation platform with blockchain-powered ecosystem supported by smart contracts. To scale to the masses, CHERR.IO is developing progressive ways to create forward-thinking metrics to collect funds quickly and efficiently by utilising the power of blockchain technology. CHERR.IO is the winner of the overall prize as a Slovenian team at FutureHack 2018 in Davos. It truly indicates that developing ideas through Sustainable Development Goals could significantly change the foundations of humanity.

CHERR.IO is introducing a new fund raising platform that streamlines the process of identifying people in need and raises funds to bring them the help they so desperately require. By utilizing blockchain technology CHERR.IO strive to provide a secure and transparent process of raising and delivering funds for charities, accompanied by a program of incentives for active participation of the community and an ecosystem that will facilitate organic growth of the platform. The CHERR.IO platform is a B2B (business-to-business) platform that caters to charitable organizations by expanding their outreach, optimizing their fund raising processes, and rebuilding donor trust with built in transparency mechanisms. Size of the charity market is increasing day by day.

CHERR.IO designed the platform on top of the Ethereum blockchain to ensure traceability of all transactions and full auditability. Using a voting mechanism, the decision power is given to the donors which lets them choose and control where their money should go in order to make the biggest impact.

The donor should not be panic as the features all the necessary care has been taken in this renowned blockchain technology

To reduce and potentially eliminate campaign advertising costs, CHERR.IO propose a completely new approach. CHERR.IO recognize that all forms of charity are rooted in some form of self interest, be it for the thanks CHERR.IO get for good deeds done or just for that warm feeling we get inside. CHERR.IO want to reciprocate people’s charitable actions with rewards. CHERR.IO idea is to remove the advertising need for traditional charitable campaigns and subsequently reduce the cost of the campaign by a significant margin. As such, the CHERR.IO community will take care of advertising via their social networks and will even be rewarded as a result. By reducing such overhead costs, the rewards go back into the community and more funds will be available for allocation to the actual beneficiaries. To further reduce costs, the CHERR.IO platform will enable organizations to reduce transaction fees by cutting out the middlemen that are accompanied with transactions via SMS messages or bank transfers. Transactions on the blockchain will go from the donors to the campaigns directly, incurring only small standard fees associated with such transactions. Such direct transfers will also be much faster. The speed factor alone is often the deciding factor when reacting to real world crises.

Solutions for organizations: