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The full name of PWT is Public Welfare Token, which uses blockchain technology to turn charity into a digital asset. Not only can public welfare and charity activities become more transparent and credible, but also more people are willing to participate in public welfare activities. All public welfare digital assets PWT will be recorded on the public welfare chain, which records the records of the donation amount of public welfare organizations, the flow of funds, open and transparent, and also records the records of each person's life-long helping behavior.
Use smart contracts to establish a credit mechanism, use code instead of a centralized organization to dynamically evaluate the charity credit status of donors, third-party charitable organizations, and recipients of donations, forming a dynamic credit value. The public welfare chain will establish a credit identity through the basic information, public welfare information, arbitration information and other related information of the whole chain users.