IDAC (IDAC) ICO Details & Financial Information

Charity is an eternal theme of human civilization, one that we can never divorce ourselves from throughout our lives. Since its inception, the charitable cause has been flourishing concomitantly with the rapid development of the global economy. However, charity as an institution is not spared from its fair share of corruption and incidents that may undermine people’s trust in it. Standardization of the mechanisms that charity operates on and attaining high levels of transparency for charitable proceedings cannot be achieved through conventional means. Speculators have even taken on an opportunistic pursuit to rake in profits all in the name of charity. As such, the charitable cause faces enormous problems and challenges in helping the vulnerable groups that are supposed to be the beneficiaries.

The International Disability Assistance Chain (IDAC), co-founded by the World Help Disability Welfare Foundation LTD. (Singapore) with a number of financial and Internet technology companies, seeks to assemble a team well-versed in economics, computer sciences, and business administration. The combined expertise seeks to harness all relevant and usable information gleaned from the the charity process in a known as a blockchain. Through academic research and exchanges on special attributes of the blockchain technology as well as relevant operations and service, the IDAC platform stores the information within the charity process on the blockchain and improve the public welfare ecosystem for disability assistance by means of the special attributes such as decentralization. In this way, a database will then be tailor made for the 650 million disabled people all over the world by which they can benefit from in more ways than before. In addition, this platform reaches out to more charitable hearts who can contribute to the public disability assistance knowing full well that any help rendered will be channeled to those that need them the most. Certainly, this is a promising endeavor to overcome the current challenges charity face, while it finally allows the 650 million disabled people to lead a future life that is brimming with hope.

The data collected on the IDAC platform is synchronized with that of the global disability assistance and poverty relief system in real time to ensure that such data can be utilized to reap more benefits as well as to reflect the truthful usage of funds while not being able to be tampered with. As a result, based on sovereign blockchains, a social trust system with a closed-loop structure from data tracing, data transparency, distributed storage, livelihood cryptocurrency, community consensus mechanism to smart contracts will be established in the disability assistance and poverty relief system for 650 million disabled people all over the world. This will serve as a benchmark of the application of the blockchain technology in the global public welfare field for disability assistance.