Features

LobbyLedger offers several functionalities for the donors who use the system

Features: About

Public Permissioned Blockchain

Anyone can join and read this type of blockchain, however only authorized and known participants can write and commit. In LobbyLedger, AEC authorizes donors and recipients via key information such as tax file number, ABN, name, identification number, and address.
Identity authorization is essential to follow the regulatory requirements of donors being Australian citizens or companies and to be able to aggregate donations. Once donors are verified, they are permitted to enter and exchange on the network

Real-time distributed ledger transactions

The transactions of participants will be recorded on a ledger in real-time and distributed to all network participants.

Wallet

The AEC will provide authorized network participants with an e-wallet which will act as an interface and financial exchange to make payments through the network.

Stable Coin

The traded currency of the network will be an AEC Stablecoin. This will be pegged to the Australian dollar.

Tax Incentive

Tax deduction up to $1500 can be claimed by the donors when using LobbyLedger.

Features: List