Skip to content
blockchain resurrects the images of charities

Blockchain resurrects the images of charities

The very term, charity, has been used and abused to the extent that organisations in the philanthropic sphere face declining faith and subsequently donations, resulting from an increase in headline-grabbing scandals. The public is no longer willing to take charities’ word as a bond. However, there is a chance to reverse this drastic change in public perceptions. Blockchain resurrects the images of charities and is already disrupting the entire non-profit industry by:

  • Automating everyday admin tasks through self-executing smart contracts
  • Sharing data securely, in real-time across network participants
  • Maintaining complete donor anonymity through digital wallets
  • Tracing individual donations for a fully auditable chain of giving
  • Facilitating transnational donations
  • Supporting cooperation across organisations and geographies for rapid emergency aid
  • Establishing verifiable identity, even for those without documents (recipients such as children in refugee camps)
  • Delivering security and authentication to mitigate the potential for fraud
  • Promoting goal-oriented fundraising

Blockchain resurrects the images of charities by solving existing problems

People are concerned about where their donations end up. The younger generation in particular, are donating less, mainly due to scepticism over moral issues (ironically) such as CEO pay. Alongside this, charities struggle with inefficient administration and underfunded operations, often causing the insufficient direction of aid, with the most vulnerable regularly missing out. Blockchain will help charities prove worthy of the public’s trust again, restoring some of their lost creditability.

In essence, blockchain solutions can do this by minimising administrative costs through automation, providing greater accountability through traceable giving milestones, and enabling transparency for donors to track where their funds are being allocated. The trust that blockchain builds between the charitable organisation, donors, recipients and other stakeholders improves the overall efficacy of business operations, thereby allowing aid to reach the right people directly. When donors can see the tangible difference their donation makes, charities will acquire funds quicker through crowdfunding campaigns based on the blockchain, then pass over control to the people who need it the most and know best how to use it.

Tech as an enabler for non-profits to deliver results in entirely new, engaging ways

Blockchain resurrects the images of charities by ensuring the whole donation process is immutable, traceable and reliable with direct reach to end recipients. It’s the visibility of financial transactions plays a big part in this novel donor experience. The platform can ensure proof of need and proof of receipt to ensure that causes are worthwhile and that the funds reach the intended party. The accountability that this brings to charitable donations enables impactful services to be delivered to the communities they support, making a difference to millions of lives across our globe.

Since the tech lowers administrative costs too, more funds can reach the right vulnerable recipient for an even more significant impact.

Lower expenditure + efficient workflows = public trust + more donations

The visibility of blockchain solutions curbs any exorbitant administrative expenses that are a red flag – overhead costs are a big point of contention for charities. Fundraising and marketing campaigns to get the word out about the cause are the primary administrative cost. In response, blockchain platforms can function as a marketplace for charities to reach a ready-to-give audience whilst charging much lower fees than traditional fundraising and marketing agencies.

For example, in collaboration with 47 companies, the Blockchain Charity Foundation (BCF) introduced the social impact Pink Care Token. It ran a poverty campaign to improve feminine health and wellbeing by empowering 1 million women in developing countries. Blockchain resurrects the images of charities by reducing overheads and comprehensively enhancing transparency and efficiency of collaborative workflows.

Ultimately, blockchain offers trust and transparency to reinvigorate the efficacy of charities. To find out more about how SDLT can develop customised blockchain solutions to help improve your charitable processes and donations, please contact Adrian Apperley directly at +66 (0) 8 1751 8308 or through

From wealth management to wealth manufacturing | The Asset

now loading... Top sections Asset Management / TechTalk / Wealth Management / Viewpoint From wealth management to wealth manufacturing How blockchain is playing a key role in Singapore’s evolution as a wealth hub Rehan Ahmed 10 Jul 2024 Conversation Benze Lam head of Asia, ex-Japan Northern Trust Asset Management - JOINED THE EVENT - 7th Taiwan Investment Summit - Webinar Series
Read more
Greenhouse Gases Ledger for emissions management

Greenhouse Gases Ledger for emissions management

Human-induced carbon dioxide fuels global warming Greenhouse gases (GHG) are an essential part of Earth’s atmospheric makeup. These…

Read more
Blockchain brings seed-to-sale transparency to cannabis

Blockchain brings seed-to-sale transparency to cannabis

Blockchain and cannabis are two highly disruptive trends that are fundamentally shifting how business is conducted across the…

Read more

Drop In

Chavanich Building, 5th Floor,
38 Soi Sukhumvit 69,
Prakanong Nua
Bangkok 10110

Newsletter Subscription

[email-subscribers-form id=”1″]
Back To Top
WhatsApp Adrian