Inspiration: In future disasters, the blockchain will save lives.
** Donations, Decentralized.**
At Social Block, we're working towards a decentralized world in which peer to peer donations directly fund and support people in need.
We are applying the fundamentals of the decentralization for the donation world, based on 5 main principles:
Immutable Ledger: Every Donation starts with an entry in the blockchain. It’s a “Write-once distributed database so it registers an immutable record of every transaction that occurs”. The donations are traceable, 100% transparent = Trust.
Smart contracts: Based on the Ethereum platform, our team created the first Smart Contracts defining the computerized transactions between the donors and the beneficiaries: existing NGOs, P2P users, Specific Events, Collaborative funds, etc. With no intermediaries, we are more efficient (faster, less money lost)
Cryptographically secure: Transactions on the blockchain (or Contracts) are by nature impervious to fraud and establish a shared truth.
Decentralized consensus: For donors, but mainly for the admin committee, a decentralized governance has been created on the blockchain. It is secured.
Digital Assets. Token (or future token) will be released along with new Smart Contracts.
** To see more, start here: https://bsic.socialblock.org **