| Notes |
As such, Alice’s first pilot with St. Mungo’s, a forward-thinking U.K.-based homeless charity, due to be launched in Q1 of 2017, will be measuring its impact and working on a payment-by-results basis.
The platform will not accept donations in digital currencies just yet, however. Mazet explained that Alice is working with Tramonex Labs, which is registered within the sandbox framework of the U.K.’s Financial Conduct Authority, to issue electronic tokens that represent the donations on the Ethereum blockchain.
“That means they’ll collateralize and tokenize donations made in fiat on the Alice website so we can use them in our smart contracts,” he said. “In time, as people become more familiar with the technology, our plan is to empower them to interact with the smart contracts directly, and start donating with cryptocurrencies if they want to.” |