Transparent Charity on Blockchain
ClearAid is a digital platform that aims to connect the non-profit community through an easy-to-use interface which allows full transparency and traceability of donations made on the blockchain.
The platform is supported by an ERC20 token, named CAID, which is based on the Ethereum blockchain and serves as the donation method of the ClearAid platform.
When donating to charity, money has to pass through multiple hands before reaching the recipient. The problem with that is that every middleman, such as the charity organization, the financial institutions, government taxes and other agencies all keep a small amount of this money, greatly depreciating the value. By using the Blockchain to make these transactions, the recipient will receive the donations much faster and with minimal fees.