YIBAO

In order to sustainably improve the insurance status of public welfare workers and low-income groups in China, Yibao was the first organization to work with insurance companies and medical examination organizations to provide micro insurance products and services that public welfare workers and low-income groups need most.

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A micro insurance service platform for China’s public welfare workers and low-income groups.

1.

Public welfare workers is the core of public welfare career and a great treasure of our society. According to estimate, there are more than 10 million public welfare workers in China. But they are commonly low-income and lack in insurance. Recently, there are more and more stories about public welfare workers with critical illness who can’t afford medical treatment and become the objects of assistance. Meanwhile, there is an over 500 million low-income population in China, whose basic social security is not adequate and wide-ranging.

2.

In order to sustainably improve the insurance status of public welfare workers and low-income groups in China, Yibao was the first organization to work with insurance companies and medical examination organizations to provide micro insurance products and services that public welfare workers and low-income groups need most.

3.

Without reduction of coverage, the price of the public welfare worker insurance product developed by Yibao is as low as 1/2 to 1/10 of market price, which greatly relieve the economic pressure of public welfare workers and organizations. Then micro insurance products developed with public welfare organizations and the government such as rural children insurance, mental disease insurance, rural teacher insurance, farmer cooperative insurance, rural construction worker insurance, old age insurance, monk insurance, etc., have offered protection for tens of thousands of relevant people.

4.

What Yibao has done gained wide acceptance at home and abroad. In 2017, Yibao was awarded MetLife Foundation’s Inclusion Plus China award.

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Little Phil

Little Phil is a team from Australia who applies blockchain technology in every aspect of charity donation to enhance the efficiency of charity career.

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Now anyone can be a philanthropist with little Phil

1.

Traditional charitable marketing cannot raise much donation as it is mainly through phone calls or street leafleteers that makes people feel embarrassing and uncomfortable;

Little Phil keeps donors aware of the needs of disadvantaged groups and allows people make donations anytime and anywhere, which can magnify their feeling of giving so as to make them willing to give more.

2.

In traditional charity donation, only large donors have the visibility to see where the money goes. Normal people with a small donation don’t know where and how their money is spent.

By blockchain technology, Little Phil can make sure that money goes straight to the receivers, and tell the receivers who helped them.

3.

Charity organizations are facing the issue that it is difficult to distinguish fraudulent causes and beneficiaries from genuine ones;

Little Phil creates a Unique Digital Identity (UDID) using biometric data for every receiver to minimize the potential for fraud.

4.

Statistics show that as little as 17% of donations actually end up being spent on the causes advertised while the marketing intermediary keeps 83%.

All transactions and costs are visible on the Little Phil blockchain. Charities are charged just 6% per transaction. Costs of charities have been greatly reduced.

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