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.
While only 12 non-profits had signed up for the event last year, crypto donations platform The Giving Block said that over 120 such organizations will be taking part in this year.
The Children’s Heart Unit Fund, which supports children with cardiac ailments, received the crypto donations using The Giving Block platform.
The Salvation Army Western Territory is now accepting crypto donations through Engiven’s platform.
Executive director Suzanne Pelletier told CoinDesk old school philanthropy isn’t making the cut, necessitating new donation methods.
China's Ministry of Civil Affairs is planning a blockchain upgrade of the country's charity tracking system to bring more transparency to donations.