We propose a model that removes major constraints to innovate and significantly improve the products and services delivered by organizations within the funeral industry on a global scale.
We at the Global Funeral Care Foundation want to achieve this mission by creating a globally sourced decentralized support platform without entry barriers.
The platform will be capable to collect and share structured data that includes transparency of costs, honest opinions of community members, and personal recommendations to increase consumer satisfaction and to improve the quality of services.
GFC uses a Proof of Stake consensus algorithm and Masternodes to guarantee secure transactions. Each transaction will be confirmed by multiple users who hold and stake GFC in their GFC wallets.
Seconds matter with money transactions. Therefore, the GFC blockchain is designed to run via nodes across multiple countries. This ensures a stable network without any downtime or delays.
The GFC network ensures fast transactions and has an option to do instant transactions by using SwiftTX technology. Transactions can be made without having to wait for confirmations because the validity is guaranteed by Masternodes.
The GFC blockchain network ensures fast block confirmations and low transaction fees, which means that GFC can be send globally against almost zero transaction fees.
The GFC network runs via nodes and Masternodes owned by different people. Masternode owners have equal voting rights to make sure that the network won’t be governed by one single party.
GFC uses a Proof of Stake mechanism, stakers receive rewards for securing the network. The collateral to run a masternode is 60,000 GFC. Significant advantages of Proof of stake include security, decentralization, and energy efficiency.
The GFCS crowdsale token in as ERC20 token that is specifically created for the crowdsale and can be swapped 1:1 with the mainnet currency in the third quarter of 2019.