Humancoin Review

Every third person on Earth gives to charity at least once per year, with 50% of donors providing aid to strangers according to the World Giving Index 2017, compiled annually by the Charity Aid Foundation. For the third consecutive year, charities have raised a record volume of funds. In the US alone, the amount of recorded donations reached $400 billion. About three-quarters of the country’s residents have helped a stranger at least once, and two-thirds have donated money to multiple charity foundations. The volume of donations in the US consistently exceeds 2% of the nation’s GDP; around 7 new charitable foundations are created every single day, with more than 1.5 million currently in operation across the country.

In other countries, too, charitable donations represent a significant proportion of the overall economy. In Europe, the British have the largest number of philanthropists, and according to various data sources: 70% of the country’s residents transfer money to support humanitarian projects. Germany, Japan and France are also among the countries where the population actively engages in donating money to charity. The Mohammed bin Rashid al Maktoum Foundation, one of the largest charitable organizations in the world, is based in the UAE.

According to the Charity Aid Foundation, private individuals are the most active donors. Traditionally, their contributions account for up to 80% of all donations, with crowdfunding rapidly evolving. Around 15% of all donations are through foundations, with large corporations accounting for only 5% of donations.

Website : https://www.humancoin.net/

People donate money more often and more readily to religious causes (32% of the collected money); education (15%); humanitarian aid (12%); charity fund projects (11%) and healthcare (8%). An additional 22% of donations account for other purposes, including environmental protection, protection of wild animals, as well as culture, art and international projects.

Problem E-commerce market

High competition in the e-commerce segment puts pressure on players to develop new loyalty programs not only to attract new customers but also to retain existing ones by offering a variety of discounts and benefits. The most pressing challenge for marketing professionals is to create an emotional attachment. New loyalty programs are constantly appearing on the market, and while the overall idea behind them is sound, among the avalanche of new information that hits us daily, it is becoming more and more difficult to engage consumers at an emotional level.

A survey conducted by Nielsen group, found that 50% of consumers, surveyed worldwide, would be willing to pay more for goods and services from socially responsible companies.

Solution E-commerce market

The integration of consumer loyalty programs with the charity industry will create a strong emotional resonance. The future of online retail lies in being able to completely personalize each offer, and blockchain is one of the main stimuli for this further development.

Competitive analysis | Website : https://www.humancoin.net/

Virtually everyone recognizes the need to make the philanthropic industry transparent and completely manageable with the help of blockchain technology. However, there are relatively few blockchain projects in the charity sphere: cherr.io, aidcoin, clearaid, bcharity among them. But these are niche or local start-ups that do not operate beyond the philanthropic industry. There are about the same number of blockchain projects developing loyalty programs, but all of them face the problems of a making a cold start and beginning with an insufficient user base in order to quickly and productively build meaningful cooperation with major global e-commerce players.

In contrast, the Humancoin Foundation integrates the charity industry, cryptocurrency market and e-commerce in a single project. An ecosystem of this kind provides a new incentive for donors, offering them the chance to take advantage of numerous loyalty programs around the world. While e-commerce players often accept cryptocurrency, it is not necessary in order to develop the Humancoin model.