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"Giving is not just making a donation, it means making a difference"
Taking is easy, but sometimes it's harder to give. When we give the needy what he needs, then we call him "Donation". Sometimes it becomes difficult for a donor to find a beneficiary, while it is sometimes harder for a beneficiary to find an appropriate donor. Here we have many intermediaries that act as a link between the two parties as NGOs, Trust, Foundation and similar colleagues. For example, Rahul donates a sum to an NGO. How Rahul will make sure that money has reached the right destination that is, to the needy to whom it is intended to be paid? What happens if the third party crunches an amount or the whole sum? How will you know? It seems rather difficult to answer.
Aid: Tech, a Dublin-based startup startup blockchain recently announced that it will enter into an agreement with the Irish Red Cross to release an application that can ensure that a donation is achieved in the right pockets.
The name of the blockchain-based application is "TraceDonate". This app uses the main characteristic of blockchain technology "Transparency"To track the amount donated by the donor.
TraceDonate uses the AID platform: Integrated Tech Blockchain Hyperledger fabric. The App also offers freedom to donors to donate funds to individuals, groups and other charitable clubs. Using the mobile app, donors can keep track of their contribution and stay informed accordingly. The app also reports the history of contributions made by the donor, so you can easily redeem any contribution directly from the story section with less effort.
Donor flow:
Donors once downloaded the TraceDonate application or visited on the Web, must start browsing by creating an account with the requested information provided. Once the system is accessed, donors can select the group, the appeal or the beneficiaries to whom they wish to make a donation. After selecting the group, the donor must select the object that he / she wants to donate and also check-out through the perfect integration with Stripe. The donor can view the donation history and make a donation with a click. Once a particular donation has been made, its tracking begins and is displayed in the Trace dashboard. Beneficiaries can easily make use of the contribution using their AID: Tech Digital IDs. Once the donation is finally reached, the app states by sending the relevant notification.
Beneficiary flow:
Once the contribution has been received by the beneficiary, he / she can make purchases with this amount in the store or online. The money will be debited from the amount of the balance and the same will be communicated also to the donor.
One of the most common questions that may arise after hearing about the involvement of blockchain technology is: Do you need to make payments in Cryptocurrency or Tokens?
No. It is not necessary to make donations in cryptocurrency or token. TraceDonate, as explained in the Donor stream, is built in collaboration with Stripe, a global online payment processor. This simply means that payment can be made easily using the debit card or the user's credit card, which includes American Express.
disavowal
The Blockchain shares have not been paid to mention any shares / companies within this article nor do we own shares in any of the companies mentioned in this article. More information on our complete disclosure can be found here – Full Disclaimer.
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