What is humancoin? Is it a bird? Is it a plane? Is it Superman? No, Humancoin is the currency of kindness?

Much has been said about blockchain technology and how it will reshape the banking system.  There is so much noise about the emergence of the crypto world, where humanity is about to embrace.  Now, it is another breakthrough and a first in the industry of charity and philanthropy, the platform humancoin.

What’s in the name?

Humancoin assumable gets its name from the words human and coin.  It, maybe because of its being identified to the charity industry.  It is the coin, with a human touch.  The platform is developed to bring more transparency to the system and also allow the elimination of other functions in the process.  It gave the donors direct access to the recipient and enabled them to monitor every expense.  With these, a feeling of trust and confidence is being developed within the system and the donors and the charitable institutions in particular.

With humancoin, donors not only get 50% equivalent of their money in tokens and they will also be entitled to miles, coupons and other discounts being offered by partner companies in the e-commerce industry.

The problem in the industry

There have been many mechanisms being introduced in the industry that will facilitate donations. Still, the industry cannot overcome the biggest obstacle it is encountering.  It is the lack of trust among private donors and prospect donors.  It is because, these donors have doubts about whether their donations were able to reach the intended recipients, at the exact time they need it. 

There is a strong belief within the industry that a big part of the money being donated is just being kept for administrative expenses. This keeps the donors from giving more, even if they want to.  What they need is transparency and in all aspects of the process.

Another problem is when they intend to help somebody in a foreign country.  The cost of donating hurts them, because of the high operational costs and the many regulations that it must go through.

Dealing with the problem

The blockchain technology that is being embraced by the humancoin is aimed to eliminate the doubt and mistrust by the donors and other sectors in the industry.  With its decentralized system, Transactions are directly sent to the intended recipient, with the interference of many middlemen, such as banks, NGO’s, government offices and law firms. These all contributed to the slowing of the process.  Transactions going through many people will be possibly corrupted.

On the other hand, recipients cannot use the funds, until they meet the necessary conditions. 

Humancoin is a noble project, and it can be an inspiration to everyone.  That fact that the industry was not left out by the advancing technology is a good reason to celebrate.  Giving is a privilege to the few who understand.  Giving to the right people, thru humancoin will encourage people to give more.  Let us learn the art of giving. With the humancoin platform, we can do it. 

This platform will allow the industry to grow more and it will give more rooms for partnerships with the e-commerce.

Official links for more details,

Website Link : https://www.humancoin.net

Whitepaper Link : http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf

Twitter Link : https://twitter.com/humancoinnet

Telegram Link : https://t.me/HumancoinChannel

ANN Threads Link : https://bitcointalk.org/index.php?topic=4469466

Facebook Link:  https://www.facebook.com/Humancoinnet

My Bitcointalk Profile Link :  https://bitcointalk.org/index.php?action=profile;u=2163464