I remember watching 60 Minutes years ago about a major fire in Southern California and the Red Cross was called out and they accepted donations to help the people rebuild. Someone had to mobilize and step in for disaster relief.
60 Minutes went on to describe the amount of money that was raised that was “sold” to the public and the money would go to the victims. Instead, Red Cross spent money on telecommunications for Red Cross. How’s that for a non profit?
Giveth.io is introducing charitable contributions on the blockchain. Having followed this project, I like the solutions they bring, and it can offer some solutions. After all, by law only 17% (I believe) of funds by law have to go to the actual cause according to the IRS in the United States. That’s a big spread from 100% accountability of the intended donation.
Giveth http://giveth.io/ is leading the way for charitable contributions on the blockchain and is offering code with the Minime Smart contract. In their token they offer a gift ….the Minime Smart Contract. This is a cloneable coin. First the Giveth token is not tradeable. But keep in mind, others can clone it, and work to help others come up with a better model of accountability given the large amount of waste, or the fact that some can take donations intended for X and give it to Y, including a CEO.
The MiniMe Token: Open Sourced by Giveth
Jordi Baylina, a few other Ethereum superstars and I are working on Giveth: a completely open source donation platform…
medium.com
Here are some of the capabilities:
“So Many Applications
If this token contract is used as the base token, then clones can be easily generated at any given block number, this allows for incredibly powerful functionality, effectively the ability for anyone to give extra features to the token holders without having to migrate to a new contract. Some of the applications that the MiniMe token contract can be used for are:
Generating a voting token that is burned when you vote.
Generating a “coupon” token that is redeemed when you use it.
Generating a token for a “spinoff” DAO.
Generating a token that can be used to give explicit support to an action or a campaign, like polling.
Generating a token to enable the token holders to collect daily, monthly or yearly payments.
Generating a token to limit participation in a token sale or similar event to holders of a specific token.
Generating a token that allows a central party complete control to transfer/generate/destroy tokens at will.
All the applications the standard ERC 20 token can be used for, but with the ability to upgrade in the future as desired in a decentralized fashion.
All these applications and more are enabled by the MiniMe Token Contract. The most amazing thing is that ANYONE can give new functionality to MiniMe token holders in a permissionless yet safe manner without affecting the parent token’s intended functionality.” Credit Griff Green, The MiniMe Token: Open Sourced by Giveth
This is the most powerful Ethereum smart contract that I have come across, though I am no developer, thought I have brushed upon Solidity Language. But this is written in Solidity by some smart devs.
Hopefully this gift will encourage others to explore opportunities in blockchain to solve problems and encourage others to do the right thing.
I am working on a project, INCOCHAIN and we have made it as far as a pretotype video to explain the accountability of the blockchain for disaster relief with the use of Ethereum to give example of how this use case can benefit supply chain logistics in order to mobilize for the use case of international transportation and donations.
http://www.incochain.com/pretotype/ Watch the video of the example INCOCHAIN used for this pretotype. 100% accountability is the goal. That’s a good standard versus 17% and a tax system that allows it.
And shouldn’t volunteers get paid instead of a CEO making the big bucks on the backs of others? I rest my case here.
I have used the Minime Smart Contract in an unreleased token, SAVEtheTIGERS (TIG) with the intentions of driving some campaigns centered and earmarked specifically to Save the Tigers. With only 3,000 tigers left in the wild, the time is to act now.
SAVEtheTIGERS tokens (TIG) Announcement
Human beings have a responsibility here on earth to take care of and preserve wildlife and now is the time to preserve…
bitcoinmacroeconomics.com
These are some examples and some use cases. I hope there are solutions to charitable giving, because it should be so much more. There should be so much more accountability. There are some great people and great causes and people should be rewarded for their efforts for the intended cause. This is how blockchain should be used. Giveth encouraged me to create a token and try to help the tigers.
Maybe this spark and gift the developers gave us from Giveth could help bring awareness and help save 1 tiger or the entire population. Maybe others see this article and get creative and use the Ethereum blockchain to solve some problems from whatever societal ill it may be. Time will tell, but in some instances, time is of essence, like a tiger population, or disaster relief, or hunger, or poverty.
If people and nature can cause the problem, other people should be there fix the problem and solve the problem. And this is what blockchain is capable of doing and will do.
EthereumCharityWildlifeBusinessBlockchain