Overview
Last updated
Last updated
An overview of how the BARK Protocol works, detailing each component and its role in the process:
User Interaction
Web/Mobile Apps: Users access the BARK platform via user-friendly interfaces, allowing them to make donations, track payments, manage supply chains, and monitor the impact of their contributions.
Application Layer
Core and Governance Logic: This layer manages the fundamental operations and governance mechanisms of the BARK Protocol, ensuring efficient and transparent decision-making.
Escrow Programs
Solana & USDC: Donations and transactions are processed using escrow programs built on the Solana blockchain. Circle’s USDC stablecoin is used to provide stability and security for transactions, ensuring funds are held and released according to predefined conditions.
Solana Blockchain
Secure and Transparent Transactions: The Solana blockchain records all transactions in a secure and transparent manner. This ensures that all donations are traceable and tamper-proof, enhancing trust among users.
Multi-Token Economics
Token Management: BARK manages multiple tokens to facilitate various functions, such as paying fees and distributing rewards. This system incentivizes user participation and ensures fair compensation for services.
Fee Allocation Layer
Social, Charitable, and Developmental Initiatives: Collected fees are distributed to a range of initiatives, focusing on social good, charity, and development. This allocation is managed transparently to maximize the impact of each donation.
External Systems
Integration with Charities and Partners: BARK connects with charities, oracles (e.g., Chainlink or PYTH), APIs, and other partners. These integrations ensure that funds are allocated effectively, leveraging real-world data to optimize decision-making.
Donation Initiation: A user accesses the BARK platform, selects a cause, and makes a donation.
Transaction Processing: The donation is processed via escrow programs on Solana using USDC, ensuring secure and automated handling.
Blockchain Recording: The transaction details are recorded on the Solana blockchain, providing an immutable and transparent record.
Token Management: The platform manages any required tokens, ensuring that fees are paid and rewards are distributed as necessary.
Fee Allocation: Collected fees are automatically distributed to predefined initiatives, focusing on maximizing social impact.
External Interaction: The protocol interacts with external systems (e.g., charities, oracles) to validate and optimize fund allocation, ensuring that donations achieve their intended impact.
User Feedback: Users receive updates and can track the impact of their donations through the platform, building trust and engagement.
The BARK Protocol streamlines and enhances humanitarian aid by leveraging blockchain technology, ensuring every transaction is secure, transparent, and impactful. By automating processes and integrating with external systems, BARK maximizes the efficiency and effectiveness of charitable contributions.