HumanCoin: An Ecosystem For Charity, E-Commerce And Cryptocurrency

HumanCoin: An Ecosystem For Charity, E-Commerce And Cryptocurrency

The charity sector had its heyday in the 80s and 90s. Impassioned and sometimes angry celebrity champions shouted on top their voice “give us four damn money” through the TV – and huge numbers did. The scale of support for charitable causes was perhaps a reaction to the greed of the time, materialism offset that balanced things out and helped people feel good about themselves. People tipped their cash into buckets or pledged over the phone during the era of telethons because it aligned them to an activity that was thoroughly worthwhile and unquestionably good. The media loved charity, celebs loved charity, and everyone wore as many charity wristbands as they could.

Fast-forward a dozen or so years and the landscape had changed, the messages had become confused and the causes had been forgotten in a stream of bad press. Repeated scandals eroded people’s faith; the media, once a champion, became a significant factor in this erosion. Everyone started to ask: does the money really get to where it should?

Solution with HumanCoin

The HumanCoin ecosystem is leveraging on the distributed ledger technology, to put an end to middlemen, creating a system for recording and viewing any transaction. The idea of registering and monitoring charities could open up the possibility of 100% transparent, real-time financial information on charities; and explore whether smart contracts could result in a fundamental shift in the way rules are enforced. This idea will eventually spell the end of traditional charity regulation.

E-commerce market

e-commerce is the activity of buying and selling of products on online services or over the internet. It draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, inyernet marketing, online transaction processing, electronic data interchange, inventory management and automated data collection systems. The problem in the e-commerce sector is high competition which brings pressure on developers to create new loyalty programs to bring and preserve existing customers by giving different discounts and benefits.

HumanCoin

humanCoin, by leveraging on blockchain will create a decentralized marketplace without a centralized team and the inherent costs, will provide lower prices for consumers and better rules for retailers. It is true that early projects like Syscoin are creating online marketplaces, none have scratched the surface of tackling all the current issues the e-commerce industry faces.

Cryptocurrency market

Cryptocurrencies have come a long way with regards to both technological advancement and popularity. The cryptocurrency market cap has been projected to reach as high as $1-2 trillion in 2018. The technology underlying cryptocurrencies has been said to have powerful applications in various sectors ranging from healthcare to media.
HumanCoin: A synergy of markets
the advent of a charitable blockchain platform combined with online commerce loyalty programs and cryptocurrencies will create a revolution in the philanthropy industry and that is exactly what HumanCoin seeks to achieve. The mutual relationship between e-commerce and cryptocurrencies will help bring about an increase as to the number of donors because of the transparency being engendered. The scenario that will be created goes this way: folks with an online commerce, affiliated with charity will be given bonus – sort of incentivizing charity activities and provide a way for them to emotionally connect with clients and will serve them good publicity




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