RIF Labs, the purpose-driven organization led by RSK Lab’s founding team and other top executives, has announced that , a not-for-profit foundation that supports a pipeline of social and environmental impact projects, is now utilizing the RSK network to bolster their tracking and accountability efforts for -enabled solutions that focus on addressing inequality gaps and improve the lives of many around the globe.
The successful deployment of the on RSK — which is based on Giveth open-source code — makes donations easy for users, allowing a greater community of supporters to donate to their favorite impact projects on RSK for the first time.
“This is a really innovative partnership, as all the interactions in the b4H dApp are now made directly with the smart contracts deployed on RSK. As such, for Humanity enables individuals to donate and be a part of large communities for philanthropic causes, solely with digital currency. We’re able to fulfill our mission of financial inclusion worldwide, and we are looking forward to seeing these social impact projects come to life.”
One of the most critical roles for Humanity performs is enabling communities and entrepreneurs to implement powered solutions worldwide. b4H offers its ecosystem of sponsors, mentors, partners, volunteers, investors, and charitable donors to support selected projects and help them reach their next step of development and execution.
Onboarding these projects on the b4H dApp allows the foundation to direct donated funds to campaigns, while also tracking progress and resource utilization. Additionally, b4H works closely with project teams in developing sustainable business models, validated use cases, and plans for reaching scalability while evaluating their impact in relation to the .
For this implementation, the b4H dApp offers a built-in exchange rate system that allows supporters to denominate their donations and milestones in fiat even though the system only uses . The b4H dApp code — originally developed on the network — has now added native support with its implementation on the RSK network which allows individuals to use RBTC for donations, in addition to ERC20 compatible like the RIF .
“We have a shared vision with RIF Labs, striving towards a socially inclusive, positive-sum game. We believe that responsibly designed solutions can unlock transformative change in society and improve the lives of billions of people worldwide. We are excited to partner with RIF labs and deploy the b4H dApp on RSK to fulfill our foundation’s purpose.”
The b4H partnership is the latest sign of continued growth on the RSK network — the first project to bring Turing-complete smart contract functionality to the . Operating as a sidechain, RSK is secured by the computing power of ’s miner network while providing smart contract capabilities — utilizing RBTC, pegged 1:1 to , as the “gas” for its network.
The recently launched , which operates on top of RSK, also enables broad interoperability and faster time to deployment for dApps — bridging the gap between technologies and their mass-market . This latest partnership materialized as a result of both RIF Labs and for Humanity’s mission to create the ‘Internet of Value’ and bring about greater financial equality and inclusion around the globe.
Published at Thu, 07 Mar 2019 23:53:33 +0000
