How To Use Blockchain Technology To Aid NGOs In Fundraising?
With the existence of nonprofits and non-governmental organizations (NGOs), it becomes quite smooth and manageable to raise funds for the needy and other social causes. However, there are multiple challenges being faced by these organizations, whether it’s about trust issues or lack of proper knowledge of the right technology to reach the corporate donors. Maintaining transparency in the internal operations of the NGOs is not possible in most cases and this often leads to a level of mistrust amongst donors. To minimize these issues, the concept of Blockchain Technology comes in really handy. Statistically, there are more than 10 million NGOs functioning worldwide. These nonprofit organizations get enormous sums of money in the form of donations from a variety of sources, including governments, businesses, individuals, crowdfunding platforms, and private benefactors. NGOs work hard to help the needy in order to fulfill their honorable and moral objectives, but they frequently face accus...