Users can also now donate to b4H projects using smartBitcoins (RBTC) and RIF Tokens
RootstockLabs, a key contributor to the growth of Rootstock blockchain, has announced that Blockchain for Humanity (b4H), a not-for-profit foundation that supports a pipeline of social and environmental impact projects, is now utilizing the Rootstock blockchain to bolster their tracking and accountability efforts for blockchain-enabled solutions that focus on addressing inequality gaps and improve the lives of many around the globe. The successful deployment of the b4H dApp on Rootstock — which is based on Giveth open-source code — makes cryptocurrency donations easy for users, allowing a greater community of Bitcoin supporters to donate to their favorite impact projects on Rootstock for the first time.
Diego Gutierrez Zaldivar, cofounder of Rootstock and former CEO of RootstockLabs, said: “This is a really innovative partnership, as all the interactions in the b4H dApp are now made directly with the smart contracts deployed on Rootstock. As such, Blockchain for Humanity enables individuals to donate and be a part of large communities for philanthropic causes, solely with digital currency. We’re able to fulfill our mission of financial inclusion worldwide, and we are looking forward to seeing these social impact projects come to life.”
One of the most critical roles Blockchain for Humanity performs is enabling communities and entrepreneurs to implement blockchain-powered solutions worldwide. b4H offers its ecosystem of sponsors, mentors, partners, volunteers, investors, and charitable donors to support selected projects and help them reach their next step of development and execution.
Onboarding these projects on the b4H dApp allows the foundation to direct donated funds to campaigns, while also tracking progress and resource utilization. Additionally, b4H works closely with project teams in developing sustainable business models, validated use cases, and plans for reaching scalability while evaluating their impact about the UN’s Sustainable Development Goals.
For this implementation, the b4H dApp offers a built-in exchange rate system that allows supporters to denominate their donations and milestones in fiat even though the system only uses cryptocurrencies. The b4H dApp code — originally developed on the Ethereum network — has now added native token support with its implementation on the Rootstock sidechain which allows individuals to use RBTC for donations, in addition to ERC20 compatible tokens like the RIF Token.
Co-founder of Blockchain for Humanity and Giveth, Grace Torrellas said: “We have a shared vision with RootstockLabs, striving towards a socially inclusive, positive-sum game. We believe that responsibly designed blockchain solutions can unlock transformative change in society and improve the lives of billions of people worldwide. We are excited to partner with Rootstocklabs and deploy the b4H dApp on Rootstock to fulfill our foundation’s purpose.”
The b4H partnership is the latest sign of continued growth on Rootstock — the first project to bring Turing-complete smart contract functionality to the Bitcoin blockchain. Operating as a sidechain, Rootstock is secured by the computing power of Bitcoin’s miner network while providing smart contract capabilities — utilizing RBTC, pegged 1:1 to bitcoin, as the “gas” for its network. The recently launched RIF OS (Root Infrastructure Framework Open Standard), which operates on top of Rootstock, also enables broad interoperability and faster time to deployment for dApps — bridging the gap between blockchain technologies and their mass-market adoption. This latest partnership materialized as a result of both RootstockLabs and Blockchain for Humanity’s mission to create the ‘Internet of Value’ and bring about greater financial equality and inclusion around the globe.
For more information on Blockchain for Humanity and Rootstock, including how users can donate and track supported social impact projects, please see b4H.world and browse through the projects and campaigns, or go to rif.technology and rootstock.io.
About RootstockLabs
RootstockLabs is a key contributor to Rootstock, the first, biggest, and longest-lasting Bitcoin layer 2.
RootstockLabs specializes in pioneering innovative solutions within the blockchain space, empowering developers with funding, technology, and marketing support to expand the frontiers of decentralized technology and make Bitcoin work for everyone.
Rootstock is the first, biggest, and longest-lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.
Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless.
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About Blockchain for Humanity
Blockchain for Humanity (b4H) is a not-for-profit foundation that recognizes, supports, receives donations and catalyzes resources to projects using blockchain technology to bring a positive change to humanity. The foundation fulfill its mission by supporting a pipeline of social impact projects while creating and igniting a blockchain ecosystem of ideas, projects, partnerships, mentors, sponsors, impact investors and charitable donors. b4H applies an in-depth process of understanding concepts, team capabilities, problem-solution, product-market fit and helps define the next steps for the projects to go further in their development stage to reach full adoption.
About Giveth
Giveth open source is an open source code that allows deployment of a smart-contracts enabled platform that empowers any person, entity or organization to create communities around a cause and crowdsource funding support for campaigns and milestones using transparency and accountability.