While we have all seen the power of Bitcoin and other cryptocurrencies, many are yet to know the potential of the underlying technology – decentralized, peer-to-peer, distributed ledger called blockchain. This technology means a secure and instantaneous sending of currencies around the word at a very low cost.
The blockchain technologies allow several applications like data collection, peer-to-peer smart contracts and creation of digital assets. There are several blockchain solutions for social impact and donation, but we will discuss the best among them in this article.
Social impact and donation platforms incentivize social organizations (social enterprises, NGOs, charities) to run projects in a transparent way and get paid for achieving their goals. The blockchain solutions are out to reduce intensive financial and legal intermediaries which are usually an expensive and long process. Here are the top 5 blockchain solution for social impact and donation.
Alice social tech startup has launched a blockchain technology that will show those donating to charity the impact their money is making. Alice is a London-based platform running the first appeal using St Mungo’s homeless charity technology.
The technology freezes donations until charities are able to prove that they’ve achieved their donation goals. The reason for this platform is to encourage more people to donate to charities while it ensures transparency. It means that donors will donate to charity projects on Alice and Alice will ensure their money is used for the real purpose or they get their money back.
Alice is rebuilding public trust in charity by creating an innovative blockchain technology that will ensure charity organizations use the donation they receive judiciously. Blockchain technology has benefited charities so much. For instance, some charities are accepting donation via blockchain.
Now, Alice is going further by using blockchain technology, especially its smart contracts function to track donations and ensure it makes an impact or cancels it if it didn’t make an impact as proposed.
Bithope is designed to further develop and promote charity through cryptocurrencies crowdfunding. As cryptocurrencies are seen as disrupting charity sphere, there is need to rebuild trust so that people can safely donate to charity and see their money used for what it’s meant for. With the ease at which charity organization can get people to donate money to charity, Bithope found it important to ensure the money donated is used judiciously.
There are several NPOs in all countries, which basically composed of people who are devoted to fundraising to help the less privilege. Many of these NPOs don’t have access to many donors, especially the international donors and are not very skilled in marketing their campaigns. That’s why Bithope is giving them a chance to receive funding from global donors. Blockchain donations are easy, global, quick and come with little or no transfer fees. With Bithope, anonymous people can donate to NPOs easily.
This is the first platform that gives small NPOs the chance to receive a donation from global donors using blockchain technology and each NPO can check their balance at any time.
Clean Water coin is the first coin designed and developed to be used by nonprofit organizations. The coin was designed and developed to allow a community to participate in providing clean water for the use of the people. The best thing about the coin and the creator is that people can monitor how they are using their money.
Many people have no access to clean water that is why Cleanwater was created – to provide clean water to the communities that have no access to it. The clean water focus is to help charity organization called charitywater.org to provide clean water to the people throughout the world, but the blockchain platform might get their hands dirty by going out themselves to provide clean water to the people in the future.
According to Zach from Cleanwater, he said when they researched numbers of charities, charitywater stood for them. And Clean Water has promised 100% donation, which means they are not out to make money for themselves but to ensure people have clean water on their table always.
This is the era of cryptocurrencies and interesting new coins are being developed every day, meaning there is promising future for cryptos. Pinkcoin is a cryptocurrency developed to make donation easy. The coin also rewards users through unique staking technologies. Pink coin provides a secure network that disrupts the charity models that are not transparent. It focuses not only on the peer-to-peer transaction as you can also make profits by owning a coin.
Advantages of Pinkcoin
Pinkcoin platform is a platform where you can make money by simply owning coins and it also allows individual to donate from the interests they make to charity. This blockchain also provides a trustless and secure network to disrupt non-transparent charity modes. In Pinkcoin, you can receive interest by putting your coins in your wallet called Staking. If you hold the coins for some time, you’ll get profit because you are helping in the building of the blockchain.
The algorithm randomly selects someone with the correct block; such person will receive a reward. If you also donate to the Breast Cancer Charity Drive that the Pinkcoin is running, you can get a reward.
Give Track provides real-time financial transparency to create a great future of charity donation. BitGive created the GiveTrack platform for effective philanthropy. The creator of this platform is a non-profit organization which prefers the use of bitcoin as the means of donating to charity. It is also the first bitcoin charity organization that is legally recognized for non-profit status in the US.
Using GiveTrack, you can donate and track your donation from any part of the world. You can track your donation from the day you donated it to the final implementation stages. We all know that the major problem with most charity organizations is the lack of transparency, but with GiveTrack, you can support a charity without the fear of your money not being used for the reason you donated it. GiveTrack is bringing transparency into charity using blockchain technology and you can now donate knowing your donation is secure.