Philanthropic activities across the globe have been long plagued by issues such as fund misappropriation, delays, and fraudulent activities. The modern philanthropic landscape has been marred by the unfortunate prevalence of lost and stolen funds. To alleviate this, philanthropic efforts should be directed towards providing economic empowerment for communities from economically weaker backgrounds, by investing time and effort to teach them skills that will enable them to generate income.
To counter these issues, many technology-driven platforms are being developed to ensure transparency and efficiency of philanthropic activities, similar is a platform named Philcoin. These platforms strive to offer donation transparency and reduce delivery time.
In order to stop fraud and eliminate donation slippages, and delays in the arrival of funds, Web3 can solve many issues that plague the world of philanthropy. Blockchain Technology utilizes Distributed Ledger Technology (DLT) and immutable records to store and validate data. This immutability protects the records from being manipulated by malicious actors, hackers, or scammers. Several cryptocurrencies are making efforts to alleviate the plight of disadvantaged communities. For instance, Ripple is collaborating with Latin American countries to create digital land registries that would prevent property theft, which disproportionately affects the poor. Moreover, philanthropic institutions can leverage cryptocurrencies to accurately track and monitor the allocation of funds. Compared to traditional methods, which require hours or days for international transfers, cryptocurrency transactions are completed almost instantly. For example, Philcoin, founded by an individual named Jerry Lopez, is the world’s first cryptocurrency expressly dedicated to charity, enabling cross-border donations to be processed within seconds. Additionally, Philcoin has implemented a program that educates people on the benefits of cryptocurrency and how it can help them earn rewards on the Blockchain that can assist in providing financial solutions, without violating any rules. .
Born on December 24, 1978, Jerry Lopez is a well-recognized expert in blockchain and network marketing, and the founder of Philcoin, a blockchain-based global philanthropic ecosystem. He is renowned for his significant contributions to the blockchain industry and philanthropic movement. He is also a licensed Theo Therapeutic Counselor with the International Reciprocity Board of Therapeutic Professionals Counselors Certification (IRBO).
Jerry Lopez, a graduate of Open Bible Institute and the Vision International University of Florida acquired a Master’s degree and a Doctorate in Christian Counseling respectively. He is an experienced marketer, who has also been a pastor at the Radical Movement Ministries in Orlando, Florida. Lopez founded Philcoin with the aim of creating a worldwide philanthropic movement based on the blockchain. The purpose of this multi-award-winning blockchain philanthropic initiative is to build an international interactive network where users can utilize products and services related to the IoT (Internet of Things), including social media, television, and other communication technologies as well as earn rewards that bring financial solutions. Through his organizations, he has impacted tens of thousands of people across more than 50 countries, and his areas of focus include brand building, strategic leadership, and creating the right corporate culture.
PHILApp, an innovative decentralized application, has also been developed by Jerry Lopez to enable users to access educational courses, donate to charity, and connect with people from around the globe via its custom-built social app. This platform provides an interesting way for communities to leverage blockchain and cryptocurrency technologies to generate Blockchain rewards to stabilize their finance and donate to charity simultaneously without exploiting any policies or regulations. Through this application, users can purchase items and generate cryptocurrencies which can then be donated to a charity of their choice. PHILApp also enables users to generate funds through various activities including chatting, playing games, donating to charities, learning new skills, and more. Additionally, users can also earn Non-Fungible Tokens (NFTs) with varying rarity, which will accrue value over time.
Through his philanthropic movement, Jerry Lopez proved that Web3 can offer a great degree of potential in resolving challenges related to philanthropy. Distributed record-keeping systems like Philcoin can bring about an increased degree of transparency in transactions, while also curbing fraud and losses due to misappropriation. Additionally, multiple applications like Philcoin and PHILApp can enable individuals to make an impact in communities, even if they are unable to make monetary donations. These apps have the potential to offer dual benefits to both the donor and the receiver. Undoubtedly, Lopez has made it evident that Web3 is paving the way for revolutionary innovation in philanthropic endeavors.