Bcharity: Deployment of Blockchain Technology as a Tool for Philanthropy

The world is changing at a fast pace, more and more technologies are being introduced to the populace on a daily basis. Inventions have made life easier and stress-free. Today people now have facilities to carry out almost every task imaginable. The health, financial, marketing, information and communication, transportation and education industry have all been given facelift due to technological breakthroughs that have been made over the years. One notable technological breakthrough among all inventions is blockchain technology.

A blockchain is a decentralized, distributed and a public digital ledger that records transactions across many computers making it difficult to alter such records. Blockchain technology led to the creation of cryptocurrencies. Cryptocurrencies have shown to be a remarkable means of carrying out quick, anonymous, transparent and irreversible transactions at any time and any part of the world. Even though the market for cryptocurrency has grown remarkably in recent times it still remains yet to be seen if cryptocurrency will gain adoption by the government of nations, large co-operations, businesses and the masses. The government of most nations of the world continually look at cryptocurrency as a tool for tax invasion, money laundering, funding terrorism and dealing in prohibited substance and are always propagating regulations to stiffen the decentralized nature, anonymity, and growth of the crypto-ecosphere. Financial homes and co-operate body continually see cryptocurrencies as a treat to their existence and a possible replacement of physical cash with catastrophic effects if not curtailed or banned. It becomes important that the cryptocurrency community most proof to the world that blockchain technology and cryptocurrency is a tool for socio-economic advancement by showing them the numerous field and industries blockchain technology can improve and emphasizing that the adoption of blockchain technology and cryptocurrency can do more good than harm to the society.

Regardless of all the technological advancement the world has experienced, there is evidently no tool to fix the effects of the occurrence of mishaps such as natural disasters, starvation, internal displacement of persons, war and infectious epidemics.It is also logical to think that their will always be less privileged ones in every society with the increase rate in mishaps which tend to have negative effects on the economic, political and societal system. The only solution to these unfortunate conditions is philanthropy and charitable giving. Since the inception of man giving has been an act that has lead to fruitfulness. Different religions of the world encourage giving amongst their congregations.Charitable organizations have sprung up to organize fundraising events to help challenged and poverty-plagued nations of the world. Regardless of the advent of charity organizations, philanthropist still faces issues whenever they wish to make charitable giving. The problem of making international connections with does in need often arise,problems of language barrier, lack of charitable organisations in some geographical locations and lack of trust and transparency in how some charitable organizations utilize funds raised to help improve the lives of those in need of charity has often dissuaded philanthropist and organizations from indulging in charity.

Introducing Bcharity

 

Bcharity is a social enterprise that aims to improve the global charity eco-system by creating an exchange utilizing blockchain technology to solve all the problems of charity giving. Bcharity solves all the problems of charity giving by using blockchain technology (Ethereum blockchain) to operate a distributed ledger for storing records of charity transactions to ensure transparency and cryptocurrency (CHAR tokens) to provide a fast, reliable and borderless means of payment. Bcharity gives room for easy connection between charitable organizations by creating a social interaction platform for people in need of charity to share their story and breaking the language barriers between philanthropist, charitable foundations and the less privileged through the use of a translation department on the bcharity platform. Bcharity represents a fusion between blockchain technology and one of humans basic need, which will raise awareness of cryptocurrency and help prove to the world that blockchain and cryptocurrency can be a tool for doing good in the society.

Key Features of Bcharity

1. Bcharity exchange: The Charity exchange facilitates the purchase of Bcharity token(CHAR) via Fiat/ other cryptocurrencies.The exchange also has an inbuilt social network for charity seeking organizations/individuals to showcase their stories and needs.The Bcharity platform registers users as either philanthropist or charity. The Bcharity platform passes charity organizations through thorough verification in order to ascertain their credibility before they can make use of the Bcharity exchange.
2. Bcharity translate: Bcharity solves issues of communication.The Bcharity translate feature help converts text to english from native language in order to make it easy for people in need to reach out to prospective givers on the exchange. Bcharity creates an avenue for people who are not financially capable to at least be involved in the eco-system by offering their service in the translation department.
3. Bcharity utilizes blockchain technology: All records of transactions on the platform BCharity will be stored on the blockchain, and this makes it impossible to change, hide or remove the committed transaction.
4. Bcharity token: Bcharity token (CHAR)  will serve as the fuel of the Bcharity platform.Charitable organizations on the Bcharity platform will accept donation via CHAR. CHAR tokens are erc-20 standard and deployed on the ethereum blockchain with a total supply of 100million token.

CHAR Token Distribution and Token Sale Details

The BCharity team is seeking funds for the purpose of launching the international charity exchange by putting up 80million tokens for sale in the crowdsale. CHAR tokens can be purchased using the following cryptocurrencies: Bitcoin, Bitcoin Сlassic, Ethereum, DASH, Litecoin, ZCash, Ripple, and Monero. The token sale has been divided into a private sale, pre-sale and main sale with the CHAR token available  at a rate of 0.35 USD, 0.5 USD, and 1 USD respectively. The Bcharity team intends to use the funds realized from the token sale for marketing and geographical expansion, product development, Legalization and expansion of the company staff, product improvement, and technical development.

Bcharity Team

The Bcharity team is led by Vladislav Kolodistyy and the team of developers consists of 8 experienced personnel with experience in diverse fields.

Conclusion

The Bcharity project has an appealing use case because it touches a topic that is pivotal to human existence. Bcharity platform provides an efficient, swift, transparent and borderless means of helping victims of natural disasters, armed conflicts, food shortage and deficiency from their precarious condition. Imagine top world charitable organizations such as American Red Cross and Global giving foundation partnering with Bcharity to form a seamless means of raising funds, the price of the CHAR token will definitely surge and more and more philanthropist will make use of the platform to reach out to the less privileged.

For more information on the Bcharity project check out the website https://bcharity.io/ and the whitepaper https://bcharity.io/#blockwhitepaper

You can also check out the following channels to learn more about the Bcharity project.

Join the Telegram Group: https://t.me/bcharity

Follow on Twitter: https://twitter.com/bcharity_io

Follow on Facebook: https://www.facebook.com/bcharity.io/

Follow on Medium: https://medium.com/@bcharity_io

BCharity Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3217954

Author's details 

Bitcoin talk username: Mrsparks

Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=1197564;sa=summary

Bcharity login email address: [email protected]