Why blockchain for charities
Blockchain for charities introduces a new level of trust and efficiency in the way donations are handled. Here's why it's a game-changer:
Transparency
Blockchain creates a transparent record of transactions. When you donate to a charity using blockchain, you can see exactly where your money goes and who benefits from it.
Trust
Since records on a blockchain cannot be altered once they’re made, you can trust that your donation is going exactly where the charity says it's going.
Efficiency
Blockchain can automate processes with smart contracts, which release funds only when certain conditions are met, making sure that the money is used for its intended purpose.
Reduced Costs
By cutting out middlemen and reducing administrative overhead, more of your donation goes directly to the cause.
Global Reach
Blockchain knows no borders. It enables charities to accept donations from anywhere in the world, broadening the potential pool of donors.
Accountability
Charities can use blockchain to provide donors with evidence of the impact of their donations, enhancing accountability and encouraging further giving.