Bitcoin non-profit BitGive has launched GiveTrack, a blockchain-based donation platform designed to transfer, track, and provide a permanent record of the route of global financial transactions.
“GiveTrack epitomizes BitGive’s mission to make use of innovative technologies that will improve philanthropic work while driving new donations,” BitGive founder Connie Gallippi said.
“This will create operational efficiencies and deepen the trust between charities and their donors.”
That trust will be emboldened by a process clearly showing the value flow from donation through allocation to deployment.
Status updates allow donors to see funds in action. Important data at each stage is recorded to the blockchain.