Blockchain Charitable Trustcoin ("BCT")

Purpose

• virtual currency used exclusively on a decentralised public ledger
• to hold value across international borders

Usage

• BCT would be a virtual currency on a decentralised public ledger, meaning that no sovereign entity has overall control (i.e. BCT is not a fiat currency)
• Non-fungible nature of a BCTs would give an unprecedented transparency and traceability to charitable donations and international aid
• The Local Exchange Rate ("LXR") would be controlled by each Government's Central Bank ("GCB") and reviewed periodically; this would be akin to them setting the base interest rate on a fiat currency.
• GCBs could lower the LXR to encourage charitable donations to be made in their territories
• GCBs could raise the LXR to encourage foreign aid to be sent to their territories
• GCBs could hold a reserve of BCT in the ledger in the same way that they might hold a reserve of physical assets (e.g. gold)