TemDAO uses Blockchain for cultural preservation
In an unusual blend of religion and technology, TemDAO uses the features of Blockchain to provide secure and transparent funding to support World Heritage projects. TemDAO is a decentralized autonomous organization that is a collective owned and managed by the people who create the organization’s value. Members of the organization use crypto tokens, in this case the Tem token, to give them a place in decision making. Based on the Tem token, the project emphasizes long-term sustainability for various cultural sites worldwide.
Recently, the project has made significant donations to strengthen conservation efforts in Ukraine and Turkey, with the aim of helping local communities maintain their heritage.
TemDAO’s pioneering approach combines innovative strategies with grassroots involvement of local individuals and organizations. The project is currently working with Ninna-ji Temple, a historic temple in Kyoto, Japan, in an effort to reconstruct the aging structure through charitable donations.
The organization says that blockchain technology is a great asset for TemDAO, because all transactions are recorded on the chain, which eliminates the risk of corruption and creates a secure and accountable environment. Donors are given special opportunities as a token of appreciation, such as the opportunity to live in historically significant parts of the temple.
In their quest for sustainable restoration and conservation, TemDAO said it is merging the world of Buddhism at Ninna-ji Temple with their Decentralized Autonomous Organization (DAO) model.
“In a rapidly changing world, we often forget the essence of who we are and where we come from,” says Kei Sugimura, TemDAO’s Marketing Director. “At TemDAO, we build a bridge between past and future, combining innovative technology with cultural heritage. Through our project, we harness the power of democracy and blockchain to preserve and protect the world’s most valuable cultural assets.”
“Our recent contributions to countries such as Ukraine and Turkey, and our collaboration with Ninna-ji Temple in Japan, highlight our commitment to cultural preservation,” continued Sugimura. “We aim to create a world where every community can maintain its cultural footprint sustainably for generations to come.”
At the core of TemDAO is the TEM token, which is a secure cryptocurrency. This system involves two forms of voting: off-chain (“soft” governance) and on-chain voting. The TEM token, a crucial component of this system, has several applications that allow token holders to influence decision-making and fund allocation, trade IP-NFTs, and become review nodes that help maintain fairness and integrity in the project.
The TEM token distribution is designed to reward all stakeholders in a democratic manner. A majority share of the tokens (62%) goes to ecosystem participants involved in the protection of world heritage or cultural values, and for the acquisition of necessary equipment and repairs. Another 28% of the tokens are split equally between marketing and platform development, while the remaining 10% belong to TemDAO stakeholders such as the team, investors, potential employees and strategic partners.
Recently, the TEM project team made donations from TEM profits to help communities affected by global crises. For example, funds were donated to Ukraine in the wake of the Russian invasion in 2022 and to Turkey after a devastating earthquake in February 2023. These actions demonstrate the team’s commitment to preserving global heritage through direct aid.
In addition to helping to protect the world’s cultural heritage, TemDAO is a comprehensive DAO accelerator that facilitates the management and development of cultural properties worldwide. The team has partnered with The Giving Block, a leading name in crypto-charities, to boost fundraising efforts. By actively supporting local communities in times of global crisis, TemDAO helps ensure the preservation of shared heritage for future generations.
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