Apr 10, 2018
CHERR.IO is a transparent global ecosystem for charitable causes, based on blockchain technology. The charity sector is dealing with a serious trust issue, namely funds, which are sent to people in need, don’t always reach the intended recipients — but blockchain technology can provide a solution.
Charities have modernised themselves and embraced the internet and social networks to engage more people. It is now extremely easy to raise money for a cause and deliver it to the people in need. But people still have second thoughts concerning NGOs, since they have their agenda and frauds are very hard to detect. Due to these facts, charities are losing their good reputation, and people tend to donate less.NGOs are also looking for new channels through which donators can make donations, but the implementation of these channel options is very fragmented, unsystematic and only on a small scale.CHERR.IO solves mentioned problems as well as other problems related to donation projects. CHERR.IO, through various approaches, increases trust in NGOs, provides an overview of verified donation projects, as well as evaluates the success of those projects by communities. In the value chain, from the identification of the need for a donation project to the final recipient of the donation, there are several actors who differ according to the purpose of the donation. Therefore, problems need to be solved from the point of view of technologies and interoperability of extremely different systems, from the point of view of security and protection of personal and other data, and from the point of view of compliance with tax and other legislation. During the entire value chain of any donation purpose the validity of information is in question as well – not only transactions/facts/content, but also photos taken as a proof by NGOs, volunteers, beneficiaries, or other individuals. There is no real transparency at the moment, since published information in media can be manipulated, which leads to an increase in fake news. Therefore, CHERR.IO will build trust and reputation models on blockchain.
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Attention. There is a risk that unverified members are not actually members of the team
$5 096 399
This is a block chain platform offering solutions for charitable donations that aims to put new things in the way charitable, humanitarian and socially responsible organizations operate hence enabling the expansion of existing fund raising process with a reinforced trust.
The platform promotes key improvements in all charitable organizations by expanding fundraising processes and increasing efficiency hence attracting many donors making it viable and I would invest in it.
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