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71+ Million User Volunteer Platform to Launch Blockchain-Based DApp

Chinese language non-profit Zhiyuan Hui — reportedly the arena’s greatest volunteer provider platform — has introduced its partnership with token financial system infrastructure company EveriToken. The inside track used to be introduced Jan. 12 in an reliable EveriToken weblog submit.

As of December 2018, Zhiyuan Hui reportedly serves over 430,000 non-profits, and its 71 million customers are reported to have labored over 100 million provider hours by the use of its platform. In keeping with the weblog submit, the United International locations-issued China Volunteer Provider Financial Price Size Record has valued the platform at over $500 million.

So as to set up this astonishing quantity of customers and repair hours, Zhiyuan Hui has reportedly determined to construct a clear volunteer monitoring platform at the EveriToken public blockchain.

By means of the brand new device, governments, enterprises and non-profits will be capable of award an estimated virtually a million volunteers in step with day with “Yi Coin” issues in trade for his or her volunteer process and repair hours.

Volunteer information will likely be recorded on-chain onto what EveriToken phrases an “open public welfare ledger.” The weblog submit continues to stipulate that:

“[T]he everiToken-based device supplies audit trails for quite a lot of stakeholders with get entry to rights, together with governments and funders, getting rid of the potential for fraud for the quite a lot of poverty alleviation initiatives and govt basis subsidy methods controlled by means of Zhiyuan Hui.”

Yi Cash can reportedly already be used to shop for elementary items — comparable to meals, electronics and hygiene merchandise — from virtually 100 unmanned retail places, the usage of EveriToken’s micropayments resolution.

At press time, Zhiyuan Hui has now not spoke back to Cointelegraph’s request for remark at the partnership.

As in the past reported, some great benefits of allotted, clear ledgers are being increasingly more known within the public welfare and charitable sectors globally. Remaining month, the Irish Crimson Pass partnered to make use of blockchain in a brand new app that improves transparency for charitable donations. Additionally remaining month, Binance’s philanthropic arm introduced its personal blockchain-powered donation platform.

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