Public welfare is the abbreviation of " common benefit of public and society ", it refers to those non-governmental social organizations that do not take profit maximization as their primary goal, and whose main pursuit is social welfare undertakings. Earlier non-profit organizations were mainly engaged in humanitarian relief and poverty relief activities, and many non-profit organizations originated from charities.
However, there have been many incidents of "public welfare fraud & money scam" in the history. Some illegal organizations initiate public welfare fraud activities in the name of charity to seek for personal interests from individuals or enterprises and use the raised funds for some improper activities. In this context, many people feel uncomfortable when they hear about charity and public welfare. We do not know whether our money has been handed over to the people in need when we are choosing to donate. But when we choose not to donate, we will feel heartache when we look at the children who cannot afford to eat, educate, or get sick because of poverty. The behavior of public welfare fraud is not only the desecration of charity, but also causes great psychological harm to the people who offer love.
The inducement of "public welfare fraud" is mainly due to the opacity of information and the difficulty of supervision. The openness, transparency and unforgeability of capital flow data are the just needs of public welfare. At present, it seems that the use of blockchain technology can effectively put an end to the "public welfare fraud". In an environment where all data cannot be tampered with and all data are open and transparent, which criminals cannot take advantage of it.
As the world's first scalable blockchain infrastructure based on ipv8 technology for distributed commerce, BitCherry has proposed feasible blockchain solutions for public welfare problems. The first is the transparency and trust of public welfare funds. By using advantage of the unique advantages of BitCherry IPv8 point-to-point public chain, BitCherry able to records every donation data in real-time on the BitCherry data link, donors can trace the each of the donation and donation records are open, transparent and non-tamperable. At the same time, it can realize the visualization of donation with smart contract and eliminate the needs of donors for third parties, which means that donors can donate money to the people they want to help without relying on charity organization, and ensure that these donations can reach the donors.
As the world's first scalable blockchain infrastructure based on ipv8 technology for distributed commerce, BitCherry has proposed feasible blockchain solutions for public welfare problems. The first is the transparency and trust of public welfare funds. By using advantage of the unique advantages of BitCherry IPv8 point-to-point public chain, BitCherry able to records every donation data in real-time on the BitCherry data link, donors can trace the each of the donation and donation records are open, transparent and non-tamperable. At the same time, it can realize the visualization of donation with smart contract and eliminate the needs of donors for third parties, which means that donors can donate money to the people they want to help without relying on charity organization, and ensure that these donations can reach the donors.
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