An idea came today for a Steemit application while watching some YouTube videos of Dan Larimer talking about Bitshares...
There's been discussion about using Steemit as a means for charitable fundraising - and this smart contract-based application would:
a) make it simple & easy for anyone to raise & transfer funds to a NPO of their choice
b) attract more quality people & organizations doing amazing things in the world to Steemit & Bitshares
c) create additional revenue streams for Steemit/Bitshares, strengthening their value proposition
The app would create a bridge between Steemit and Bitshares, allowing any Steemit users to launch a charitable campaign by donating a percentage of their rewards to a NPO/NGO of their choice - AND the funds be transferred directly to the organization's account through a Bitshares smart contract.
Rather than having to go through the lengthy, complicated process of converting Steem Dollars into fiat and then transferring to the organization, the entire conversion & transfer process would be executed automatically.
NPOs/NGOs would be required to open up an institutional account to access the application, charged for the service provided. This would create an additional revenue stream, adding value to the Steem-Bitshares ecosystem both through the increased capital invested in the network and increased liquidity in the markets (if I'm not mistaken).
This would also draw more users onto Steemit & Bitshares (the NGO management staff themselves).
And surely, much attention & media exposure could be generated through this - as it'd be a very innovative development in the world of charitable fundraising, that many NPOs would love to partake in once finding out about it.
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