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UK Charity Taps Blockchain Platform to Boost Trust in Donations

British charity English Heritage has joined the Giftcoin platform, which tokenizes donations for the purpose of traceability.

Mar 26, 2018 at 9:00 a.m. UTC
Updated Sep 13, 2021 at 7:44 a.m. UTC

English Heritage, the U.K. charity that oversees the care of historical sites like Stonehenge and Hadrian's Wall, is looking to blockchain as a way to develop new ways of interacting with donors.

The charity is partnering with the Giftcoin platform, which can be used to track donor payments from the time they have been gifted to when the funds are actually been spent.

English Heritage – one of several groups said to be working with the platform – raised £2.5 million (roughly $3.5 million) in donations between 2015 and 2016, according to statements.

The charity itself is relatively young, created when a non-departmental public body of the U.K. government of the same name was split into two entities, the second of which is Historic England.

In an email to CoinDesk, English Heritage development director Luke Purser framed the move as one aimed at facilitating new ways to work with donors.

"As a new charity, we're keen to explore innovative ways of engaging with the broadest audience of donors possible, and we're keen to build relationships with donors based on trust and transparency – Giftcoin might be one way of helping us to do this," he said.

Giftcoin said in a statement that the technology will also be used with the aim of attracting millennial donors "in a digital age where trust, in charity and good causes, seems to be at an all-time low."

The firm's public token sale is currently underway, and it claims to have raised $1.27 million so far.

Coins image via Shutterstock

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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