Seeds are based in San Francisco and they are a tech company that has the aim of blending together a social good with in-app purchases and e-commerce.
Seeds have launched their Ethereum-based application token called SEEDS on the Crowdscale platform, where it has been in the pre-sale stage since the 1st of November.
These tokens give their users the capabilities of submitting their specific needs into the blockchain system. The company utilizes a strong recommendation algorithm in order to put forth individual needs in front of the people who are more likely to be interested in helping.
About SEED Token
Seeds will be dealing with online stores and participating apps whereby when a purchase has been made from one of these platforms, there will be a micro-donation from this sale that will be contributed to those who need it most. The person who requested the assistance will receive this gift with no other requirements for them.
The company has a goal of turning the current system of financial transactions on its head so that beneficiaries, contributors, and businesses all get a good deal out of these transactions.
The process has been working since it was first tested back in 2013, with a lot of positive results having been shown in this time period. There is data that shows how shoppers using this platform spend four times of what regular shoppers would when making a purchase.
Seeds And The Blockchain
The spread of mobile technology is now reaching all areas of the planet and even the poorest people are going to have access to the digital economy. Cryptocurrencies are a tool that is going to play a big part in this, as their use is becoming more widely adopted.
Cryptocurrencies are ultra-secure thanks to the blockchain process. The blockchain has been a game changer for financial transactions because both of the involved parties need to agree on what the transaction terms are before it gets officially approved. This will help avoid matters such as identity theft and fraud.
The blockchain is even more important for people in developing countries because currently, they are using their fiat currency in online transactions, which means there are huge restrictions on how this money is spent, how they earn it and what the value of it is.
Cryptocurrency means that these people can become independent of these oppressive regimes because they no longer need to use their fiat currency.
Subsequently, Seeds is able to provide people in these poverty-stricken areas with microloans in the forms of established cryptocurrencies such as Bitcoin and Ethereum. This can help free these people somewhat from often corrupt governments and helps them to potentially work their way out of squalor.