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A recent study revealed that throughout 2021 alone, a total of $484.85 billion was donated to US charities by individual philanthropists, foundations, and corporations. By utilizing blockchain-enabled technologies, nonprofits can access newer, more advanced financial models that can help usher in positive changes on a global scale. This is because they enable the creation of shared systems capable of recording data in a decentralized and transparent manner. Each validated transaction is permanently recorded on the blockchain such that it cannot be deleted, even by the purveyors of the system.