Blockchain In Charity – news feed
A Dublin-headquartered startup has teamed up with the Irish Red Cross to use blockchain technology in a new app that improves transparency for charitable donations. The partnership was reported by local daily broadsheet The Irish Times on Dec. 19.
The startup, dubbed AID:Tech, is partnering with the Red Cross for use of its consumer-oriented mobile app “TraceDonate,” which has been designed so that donors know exactly how their contributions to charitable causes are being spent.
CharityStars is an online fundraising auction platform for the nonprofit sector that launched a series of auctions with prominent leaders in the Blockchain space. The auctions which will be closed on Dec. 18, include meetings with Dr. Julian Hosp, co-founder and President of TenX, Ryan Taylor, CEO of Dash, Brock Pierce, chairman of the Bitcoin Foundation, Erik Voorhees, CEO of ShapeShift, and more.
We are approaching the end of 2018, and thus here we are at the most charitable time of the year. Only in 2017 $410 billion U.S. dollars were given to noble causes around the globe.
Like many industries today, philanthropy also shows signs of change thanks to cryptocurrencies and blockchain, allowing them to give more and better.
We have collected for you the four ways charities upgraded with blockchain.