1.) Which problems can Blockchain solve for the charity industry?
In the social enterprise and charity industry, blockchain is helping to tackle inefficiency and a lack of transparency when transferring funds , goods or other types of value.
2.) Why does the charity industry need Blockchain?
One of the major concerns with donations is corruption and misappropriation of funds and services, exacerbated by the lack of accountability within the nonprofit organizations. In addition, as funds are transferred internationally, a big portion gets lost in transaction fees.
3.) What are the top use cases for Blockchain in the charity industry?
The top use cases of implementing blockchain technology in charity are:
- Increasing transparency and trust within the system
- Lowering transaction fees
- Providing computational power of computers to earn funds in blockchain systems and donate them to charity
4.) What are the top companies using blockchain to disrupt charity?
- BitGive Foundation
- Alice
- GiftCoin
- Giveth
- AidCoin