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1. New ways to build trust and reduce costs: Trust is one of the most precious commodities for NGOs. The use of distributed ledger technologies could enhance transparency and accountability and thereby boost trust. Moreover, the use of DLT to facilitate financial transactions and contractual
arrangements could reduce transaction costs and promote efficiencies, allowing us to put more of our money to our mission.
2. New ways to give: The arrival of digital currencies and the ability to tokenize assets on the blockchain open up new ways for donors to interact with their favorite causes.
3. New ways to address social problems: Digital identity management has potential to reduce disenfranchisement and empower individuals to exercise greater control over their identity. DLT and digital currencies also open up new avenues for protecting wealth and facilitating financial inclusion.
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We aim to inspire, federate, and create bridges between NGO’s, and government agencies, foundations, impact investors, philanthropists and technologists
Wharton professor of legal studies and business ethics who has studied the blockchain, says there’s been an “explosion of blockchain-based applications and systems. It’s still very early. It’s still not as solid and reliable as where they need to be, but it is clearly where we’re going to see more activity.” He notes that the blockchain has been used in various social impact efforts.