Blockchain technology is used in those structures where trust is needed. And nowhere is trust needed more than in charity.
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The use of Blockchain technology in charity work is extremely important, because all kinds of unscrupulous organizations make money from the suffering and compassion of others. And this ultimately leads to growing distrust among the general public in charitable organizations as a whole. This needs to change.
The Russian One+One project brings together honest charitable organizations in a single Blockchain association – the CharityBlockchainAssociation.
The sole purpose of the association is to ensure the transparency of the work carried out by charitable foundations.
We use the main qualities of Blockchain – decentralization and the invariability of the data entered. Every month, charitable foundations publish data on all revenues and expenditures. This information is then made available to anyone who visits the project’s website: https://charityblockchain.ru. Entered data cannot be altered in any way. Visitors to the website can examine reports from various periods and thus track how a given charitable foundation collects and uses the money received. In this way, charitable foundations that participate in the Charity Blockchain Association earn the highest degree of trust from their donors.
The Charity Blockchain Association website has a convenient user interface that enables users to easily identify payments and track the performance of the chosen foundation.
The visionary behind the transition to “new transparency” technology is Mikhail Paley, founder of the “One+One”charitable trading platform and the Blockchain Charity Association. Mikhail has called on various charitable foundations to adopt Blockchain technology in order to make their activities transparent, which will in turn help fight the mistrust in society.
Mikhail Paley, founder of “One+One” and theCharity Blockchain Association: “It is very pleasing to see charitable foundations embracing new trends and being inspired by technology.Andwearedirectlyinvolvedinthis. We initially wanted to create a project that would make charity transparent and ‘easy.’ Thanks to Blockchain, this is now possible.”
Anastasia Kaflanova, CEO of the “Foundation to Fight Leukaemia,” a Charity Blockchain Association participant: “For us, the transition to Blockchain is an investment in the future. The technology assumes complete financial transparency, so the donor can always track his or her donation and be sure that the money is being used for the intended purpose. Blockchain should help increase the level of trust in charitable foundations.”
The project is international in its aspirations, and its founders will be happy to welcome charitable foundations from across the globe. Incidentally, Blockchain membership and reporting are free to all charitable foundations.