Writing a smart contract with on- and off-ramps for fiat transactions, while integrating detailed processes for managing donations for a child in Sub-Saharan Africa, involves careful design, coding, and structuring. Here’s a detailed breakdown of how you could approach this:
1. Define the Goals and Flow of the Smart Contract
Goals:
- Facilitate the secure receipt of donations in fiat or cryptocurrency.
- Enable transparent disbursement of funds to intermediaries (e.g., outreach programs, surgeons, healthcare providers).
- Ensure verification of key milestones (e.g., the child receiving treatment).
Workflow Overview:
Donor Interaction:
- Donors can contribute using fiat or cryptocurrency.
- Use fiat-to-crypto gateways (like MoonPay or Ramp) for fiat donations.
- Donations are tracked on the blockchain for transparency.
Verification Intermediary:
- A trusted intermediary (e.g., an outreach program) verifies the child’s identity, need, and eligibility.
Allocation:
- Funds are locked in escrow within the smart contract.
- Disbursement occurs upon verification of milestones (e.g., treatment scheduled, surgery completed).
Completion:
- Milestone completion triggers payments to service providers and other involved parties.
2. Write the Smart Contract
Technology Stack:
- Blockchain: Ethereum (or similar platforms like Polygon for lower fees).
- Language: Solidity (Ethereum’s primary language for smart contracts).
- Oracles: Chainlink to integrate real-world data for verification (e.g., completion of surgery).
Core Features of the Smart Contract:
Donation Functionality: Accepts contributions in both fiat and crypto, using on-ramps to convert fiat to crypto.
Escrow System: Holds funds until milestones are verified by oracles or intermediaries.
Verification Logic: Implements conditions for releasing funds, based on data provided by the intermediary.
Reporting Mechanism: Ensures all transactions are publicly accessible for transparency.
Here’s an example snippet of a smart contract written in Solidity:
pragma solidity ^0.8.0;
import “@chainlink/contracts/src/v0.8/interfaces/AggregatorV3Interface.sol”;
contract ChildDonation {
address public admin;
address public intermediary;
mapping(address => uint256) public donations;
bool public milestoneVerified = false;
event DonationReceived(address indexed donor, uint256 amount);
event MilestoneVerified(bool verified);
event FundsReleased(address indexed recipient, uint256 amount);
constructor(address _intermediary) {
admin = msg.sender;
intermediary = _intermediary;
}
modifier onlyAdmin() {
require(msg.sender == admin, “Only admin can perform this action”);
_;
}
function donate() external payable {
require(msg.value > 0, “Donation must be greater than zero”);
donations[msg.sender] += msg.value;
emit DonationReceived(msg.sender, msg.value);
}
function verifyMilestone(bool _verified) external {
require(msg.sender == intermediary, “Only intermediary can verify”);
milestoneVerified = _verified;
emit MilestoneVerified(_verified);
}
function releaseFunds(address payable _recipient) external onlyAdmin {
require(milestoneVerified, “Milestone not verified”);
uint256 balance = address(this).balance;
_recipient.transfer(balance);
emit FundsReleased(_recipient, balance);
}
}
3. Videos for Donors and Stakeholders
Video 1: Introduction to the Problem
- Content: Show the child’s background and the challenges faced in accessing healthcare. Include visuals of the child, the living conditions, and the community.
- Goal: Evoke empathy and highlight the importance of the donor’s contribution.
Video 2: How the Smart Contract Ensures Transparency
- Content: Demonstrate how the blockchain ensures accountability. Include a walkthrough of how donations are tracked and milestones verified.
- Goal: Build trust in the system by emphasizing transparency.
Video 3: The Journey of Hope
- Content: Show the process from donation to surgery completion. Include steps like intermediary verification, treatment progress, and the child’s improved quality of life.
- Goal: Showcase the impact of donations and encourage further support.
4. Addressing Verification Needs
Verification Components:
Identity Verification:
- Use decentralized identifiers (DIDs) for securely managing the child’s identity.
Milestone Tracking:
- Partner with trusted entities to report on treatment milestones (e.g., hospital admission, surgery completion).
Oracles:
- Integrate Chainlink to pull real-world data (e.g., hospital records) into the smart contract.
5. Integration with Fiat On/Off Ramps
On-Ramps:
- Use services like Ramp Network or MoonPay to allow fiat contributions.
- Convert fiat into stablecoins or other cryptocurrencies supported by the smart contract.
Off-Ramps:
- Partner with local financial institutions to disburse funds in fiat to service providers.
6. Ethical Considerations
- Privacy: Ensure all personal data about the child is protected.
- Transparency: Use blockchain to provide an immutable record of transactions.
- Local Empowerment: Collaborate with local intermediaries and service providers.
This system combines blockchain technology, ethical practices, and powerful storytelling to create a transparent, impactful way to support children in need.