What Is STEMchain?
STEMchain is a crypto-platform based on the Stellar Network, which seeks to improve the speed and transparency of Science, Technology, Engineering, and Math (STEM) donations. The platform is also responsible for the development and operation of the Crypto STEM Initiative (CSI). CSI’s main role is the facilitation of worldwide funding for STEM organizations that have a proven record of accomplishment of productivity and efficiency.
The current system of funding STEM projects is highly decentralized and inefficient and in most cases, donors are faced with the difficult task of having to identify on their own STEM organizations that are productive and effective.
After the STEM organizations, receive the donations there is little or no transparency on how the funds are used or whether they are used for the intended purpose. STEMChain will offer a solution to these shortcomings through its ecosystem.