THELOGICALINDIAN - BitGive is a nonprofit alignment that has revolutionized altruistic assignment through bitcoin and its blockchain technology Soon BitGive will acquaint GiveTrack a blockchainbased belvedere that has the abeyant to badly agitate how all-embracing and altruistic organizations work
Also read: Red Cross Donations Go Astray, Time To Embrace Blockchain Technology
Indeed, GiveTrack has the abeyant to advice organizations like the United Nations, USAID, the International Federation of Red Cross and Red Crescent Societies (IFRC) and Oxfam, to accomplish their assignment added calmly and transparently.
BitGive Success Stories Set an Example
Philanthropic, international, and altruistic organizations face astronomic and assorted challenges to allotment and active their operations.
Overall, altruistic aid operations are inefficient and abridgement transparency. Recognizing this fact, the European Union, a baton in altruistic aid, has set as a above objective, “To advance the commitment of aid through commutual and contemporary activities aiming at accretion the effectiveness, efficiency, quality, accommodation and afterimage of altruistic accomplishments and transport.”
Moreover, these organizations accept to affected different obstacles, abnormally in the developing world. At the Latin America Bitcoin and Blockchain Conference (LaBitConf) in November, Connie Gallippi, Founder and Executive Director of BitGive, abbreviated these challenges as follows:
Remarkably, BitGive overcomes all these obstacles by application the bitcoin cryptocurrency and its blockchain technology, benefitting accommodating organizations globally.
Bitcoin allows BitGive to affirm alien transactions, decidedly lower alteration fees, accommodate accuracy in absolute time, assassinate cryptographically-secured affairs and access fast settlements, explained Gallippi.
BitGive success stories are abounding and outstanding, such as allowance to apple-pie Nepal afterwards an earthquake, accouterment clean, safe baptize in developing countries, and extenuative lives while attention Ebola’s orphans.
GiveTrack Will Help Organizations Provide Greater Transparency
International and altruistic organizations tend to be circuitous and to ache from boundless authority and abridgement of transparency.
Donors, beneficiaries, and the accessible would like to know, in absolute time, area the money is activity and how it is actuality spent. Additionally, these stakeholders charge to adviser and admeasurement the appulse of the expenditures.
In this regard, BitGive is developing GiveTrack, which will be launched on December 8, 2016.
“GiveTrack uses blockchain technology to acquiesce donors and the accessible to trace nonprofit affairs on a accessible belvedere in absolute time to see how funds are spent, ensure they ability their final destination, and clue the after-effects generated from contributions,” according to BitGive’s website.
GiveTrack Can Help the United Nations to Achieve Greater Transparency
Since its inception, the United Nations has been in banking crisis. It is generally accused of mismanagement, waste, and inefficiency. Moreover, affiliate states are continuously demanding from the alignment greater accuracy and accountability.
In effect, demands for UN ameliorate or restructuring accept been permanent. “Over the advance of bristles decades, abundant reports, studies, aldermanic hearings, analytic bi-weekly series, and ameliorate proposals appeared, all calling for change. The catechism of UN ameliorate has consistently been on the calendar of the United States. Of course, there was no distinct abstraction of how this ameliorate should or could be implemented,” according to a presentation fabricated at the United Nations University.
Recently, in March, a above UN official declared, “Thanks to colossal mismanagement, the UN is failing.”
Responding to this allegation, the UN Spokesman Stephane Dujarric said, “Reforming an alignment … whose rules were advised absolutely for a allocution boutique in 1945 and transforming them into a abundant added field-oriented, service-oriented, action-oriented alignment is a complicated process,” reported Reuters.
Now, the UN has the technology to ameliorate and redesign its business processes. In effect, the UN could reengineer abounding of its processes by application the appearance that Bitcoin and its blockchain technology offer. Thus, the alignment could abbreviate its maddening bureaucracy, accumulate its business processes, and accomplish its banking affairs with abounding transparency.
For example, the UN and its agencies could abate decay and operational costs aloof by application bitcoins instead of administration several authorization currencies. Indeed, the UN and its agencies could abate about to none the costs associated with appointment and exchanging currencies beyond countries, while accretion the aegis and acceleration of the banking transactions.
Moreover, were the UN and its agencies and programs to accept GiveTrack, they would assuredly be able to accommodate donor countries, host governments, and its beneficiaries abounding accuracy of its banking transactions. Additionally, donors could clue in absolute time the after-effects generated from their contributions.
During bourgeois U.S. administrations, the UN banking crisis has usually intensified due to their denial or abbreviation funding. Now, Donald Trump’s acclamation as the U.S. admiral leads abounding to abhorrence accretion hostility appear the UN, including a blackmail to its funding.
Therefore, the new UN Secretary, Antonio Guterres, ability ambition to investigate Fourth Industrial Revolution technologies, in adjustment to innovate and appearance how UN operations can ameliorate to be added transparent, efficient, and effective.
BitGive is already demonstrating how addition through bitcoin and its blockchain technology can accomplish a difference. Moreover, and conceivably added importantly, BitGive is ambience an archetype for how the UN and altruistic organizations could use bitcoin and its blockchain to actualize amazing solutions to accomplish their authorization and advice the apple in ahead doubtful ways.
What do you anticipate are the allowances that the UN and altruistic organizations could access by application Bitcoin and its blockchain technology? Let us apperceive in the comments below!
Images address of Shutterstock and BitGive.
