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By Vitreous
Transparent fundraising platform
In Slovakia, to limit corruption and unclear political funding schemes, banks provide transparent accounts (transparentneucty.sk) as it is required by the law for every political campaign to be funded through such an account. In order to prove that money is not being misused, people have started using the transparent accounts in different ways: Charity cases (e.g. poor families with disabled children receiving donations for basic necessities, churches in many villages and towns raising funds independently to help local homeless people, more recently specific accounts to help Ukrainians in various towns across Slovakia), Amateur sport clubs (e.g. people use transparent accounts to pay for sport facilities and shared equipment), Schools, Hospitals, Public activism (protests, ecology etc.).
Our goal is to research transparency, make transparent data easy to understand and introduce these solutions to Stellar. By extension of Stellar’s mission to bank the unbanked, we want to provide transparent accounts in countries supported by anchors, most of which are in emerging economies, and bring money where it’s needed, while building trust that the funds are spent effectively.
While the transparent account product is quite popular, we believe there are ways to improve it as some of the shared information is enigmatic without further explanation. The first step is to make transparent accounts available for everyone in the reach of Stellar anchors, and then we go even further by improving on what exists today.
More specifically, the current iteration of our vision includes providing discussion and other social network features in addition to basic bank account data such as balance and incoming/outgoing payments. Much like there are communities where research papers and other complex topics are discussed, Vitreous can build communities to discuss money.
What's new? Updated vision on what it means to be transparent. Updated the product roadmap. Created a UI design. Created hashbrownies.io as a deep dive into Stellar.
$50.0K
Matus Vojcik
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