Monday, March 19, 2018

BCharity the first international charity exchange


What is BCharity?
BCharity the first international charity exchange using blockchain technology to address modern issues facing global human needs. BCharity is a social enterprise that empowers everyone to become a Philanthropist. Through the BCharity exchange anyone can donate money and/or time on a micro or macro scale. BCharity also believes that the millennial generation (major demographic of cryptocurrency adoption) is more socially aware and concern with humanitarian initiatives then they are given credit for. On the one hand, this exchange will bring together charitable funds, organizations and private charitable parties globally, and on the other hand, all those in need will be able to effectively showcase their problems and share it with the world. The qualitative introduction of blockchain technology makes it possible to transform the charity eco-system and address the way in which charitable organizations are regulated. In the future, this technology can be used to register and monitor charitable initiatives real-time, which will be of significant importance for natural disasters and epidemic support/relief.
The use of smart contracts will lead to a fundamental shift within global charity, and ultimately change the traditional methods of philanthropy. Whether it be time or money, BCharity is an inclusive global charity platform that combines the human value of giving with the revolution of technology.
What is BCharity Translate?
BCharity Translate is a service for translating text into English for people or organizations who want global exposure on the exchange but only know their native language. This service will reward individuals who take a proactive position to helping those in need, (individuals/philanthropists who donate their time). BCharity Translate is the first of its kind within the sphere of charity. This platform will encourage people who know different languages to help raise funds for those in need. This initiative allows individuals without the ability to make financial donations, a way to make a difference and become an integral part of the global charity ecosystem. Automated language translation is still in its infancy, and it will be some time before technology can accurately translate native to English without loss of meaning. When accurate communication is absolutely vital, the BCharity Translate initiative ensures that the necessary information is accurately shared, properly articulating the problem and what is required to solve it.
Additionally, BCharity Translate will utilize and develop language based artificial intelligence technologies to address global language barriers. The service will be implemented as follows: Applying for text translation. Choosing the text by interpreter, making the translation and sending it for review. Checking the translation of text using artificial intelligence, which is developed by our specialists and sending to the moderator for final verification. After the moderation of the translated text, it is published on the platform on behalf of the person who have created the request for translation.
At the end of each translated text, information about the person who performed the translation will be provided. For the participants of the BCharity Translate service, a rating system will be introduced. Ratings will be compiled based on the quality of the translation and the number of translated texts. All participants of BCharity Translate will be ranked. The best and most active intellectual benefactors can be seen on a separate page “TOP Translators”. In the profile of each translator, statistics will be kept on the translations made and on how many points they received. Top Translators will generate income for their activity within the BCharity global charity eco-system. By acknowledging and rewarding those who donate their time and expertise, we will achieve high-quality translation, effectively showcase problems for worldwide charitable consideration, while also creating independent advocates of BCharity. To develop this service, we will constantly expand our circle of partners, and connect with various resources that translate and teach English in non-english speaking countries. Upon the launch of BCharity, a significant marketing campaign will be launched to connect with the english speaking world.
The platform will implement two-ways to receive donations that will satisfy both traditional fiat currency and modern cryptocurrency users.
Ways to Receive Donations
1st Way BCharity users who represent charitable funds, organizations or individuals, will be able to withdraw donations that have been received in their BCharity accounts. The withdrawal of funds from the platform will be made to Ethereum wallets, which are able to accept tokens of the standard Ethereum ERC20. With the help of exchanges, the BCharity exchange network and strategic locations globally, individuals will also be able to exchange cryptocurrency for fiat, to best utilize the funds by those who need it. The funding of payments and donations is top priority for BCharity. We will continuously explore internal development and external partnerships to ensure the best user experience.
2nd Way Funds and organizations that have collected the necessary amount of donations required to address a specific problem, but are unable to internally handle cryptocurrency transactions will process a withdrawal request. A special form will be created for these users, by creating a “request to transfer” document. Allocated donations will be transferred to the verified bank account. A prerequisite for the implementation of a withdraw request is the charity registration package – referenced within this document.
Implementation of withdrawal of funds to a bank account:
Submission of a request for withdrawal of funds indicating the reason and details of the receiving bank. Performing a manual request processing. After the request is approved, the specified number of tokens will be written off from the built in Ethereum wallet. The sale of tokens on the exchange at the current exchange rate and withdrawal of funds to the bank account of the company. Transfer of funds from BCharity bank account to the bank account details provided by you. This method of withdrawal will include a commission for banking services. The commission will be determined individually, depending on the chosen method of transfer and the amount of funds that will need to be transferred.
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