Decentralized and financial approach to effective charity

摘要

In this fast pacing world of modernisation, people are moving ahead at the expense of affecting the society cataclysmically and making the people more standoffish and aloof. Some people are becoming too competitive to earn money while others have no clue how about getting even a penny. But at the same time, there exist people who wish to contribute to the society out of altruism. But the existing centralised systems and brokers for charities are so corrupt that people lose belief in these trustless systems and hence the charities become futile. What if we can use the rapacious ideology of money minded people coupled with the modern technology to make the charity system more effective and trustful. Using an approach of decentralisation, cryptocurrency and finance for donations, the system of charity can be improved to a great extent with the added advantage of the involvement of even these people in a conducive way. We propose a system, backed by cryptocurrency transactions, to make the system of charity more transparent and trustworthy where the charity (in form of work) by individuals or organizations is done first and then that work can be sold later as a stock (here we call it a certificate). This will work in a manner similar to the exchange market using crypto-currency. So, people can raise money out of it, just like stocks but finally the money would go to the charities, as the certificates can only be generated by the charity doers. The complete system will be decentralised using Blockchain Technology, Smart Contractsl