Read more about what the future might bring. charity contribute to the lives of other people, while at the same time adding meaning and embodiment of your life Cryptocurrency and blockchain technology have some that can have a huge impact on charity and charitable assistance. fascinating features Cryptocurrency for the Good — A new Financial System and A new Opportunity!✨👏✨ is the decentralised shared public ledger at the heart of Bitcoin and other cryptocurrencies but it also has far wider applications. The blockchain technology could play in boosting . The impact of new assets becoming available for giving, and the potential for . The blockchain transparency and trust in charities smart contracts that govern philanthropy In the short term, it is unlikely that cryptocurrency and Blockchain platforms will significantly disrupt or displace traditional philanthropy, but they will drive further innovation and experimentation in the sector. Some of these opportunities and challenges, such as the potential for , the possibility of making it easier to . transparency of donations get aid money to where it is needed Key features of blockchain systems: Transparency & Openness Disintermediation & Decentralisation Trust Integration of digital and physical world Automation & Smart Contracts Opportunities for Charities & Philanthropy A World Without Middle — men Reduced costs Increased trust New governance models The blockchain tech could lead to mass disintermediation and end of trusted third parties. What does this mean for charities? Fewer intermediaries = lower costs Donations transparent and traceable No FX barriers and costs Range of donatable assets will be far wider Blockchain will also make it easier to automate micro payments A.I.s in smart objects generate revenue and own assets Blockchain and A.I. can provide infrastructure for full use Sharing Economy! Why do this? Transform charity regulation Governance-by-algorithm replaces governance-by-enforcement Automate registration No need for standalone register Real-time financial info Transform charity governance Challenges for Charities & Philanthropy Early Adoption challenges Knowledge & understanding Charities not renowned for their tech-savvy, and barriers to entry for blockchain and cryptocurrency currently high. Charity trustees also tend to have low appetite for risk, and these may be perceived as untested technologies. Finding use cases: Possible that there are many applications of blockchain tech for social good — but will require tech people to understand charities and vice versa. Positive dynamics: Already today there are many examples of the effectiveness of modern forms of charity and all the signs that the positive trend will continue. For example: and . New technologies and behaviors have created a myriad of opportunities to do good. It remains only to use them! PinkCoin, AidCoin, GiveCrypto, Binance HelpCoin Charities should aim to own the technology before it owns them! If you liked this article, give it a bundle of to help people discover it! “clap”

Cryptocurrency and philanthropy: what the future holds? ✨👏👏👏✨

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