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The new charity app guarantees transparency from the donor to the beneficiary via blockchain.
Dublin start-up blockchain Aid: Tech has partnered with the Irish Red Cross to launch a new app that could revolutionize the relationship between donors and beneficiaries.
The new TraceDonate app allows donors to give beneficiaries and appeals in a completely transparent manner. The app will enable individual donors to donate funds to individuals, groups and appeals created and managed by each NGO and charitable organizations. Donors can also view and track the contribution history within the app and stay informed via mobile notifications of how donated funds are used.
"From the initial contribution to the final use, TraceDonate will benefit individual donors, beneficiaries, organizations, NGOs and charitable organizations"
– GRACE MA
Through the TraceDonate app, the final beneficiaries will receive donations directly from individual donors.
From blockchain to brands to beneficiaries
Organizations, NGOs and charities will be equipped with custom sections to allow users to donate to different organizations with ease.
"By partnering with an innovative and ambitious company like Aid: Tech, we hope to strengthen those who support the work of the Irish Red Cross to track their donations and further promote transparency in the sector," said Liam O & # 39; Dwyer, Secretary General of the Irish Red Cross. "We want to become the reference point for the donation process and our relationship with Aid: Tech offers us this opportunity."
Scott Kelley, chief operating officer of Charities Institute Ireland, commented on the announcement: "It is nice to see two world-leading brands, Aid: Tech and the Irish Red Cross, meeting for the greater good. this partnership is only the beginning and we strongly welcome a greater number of organizations that will follow by integrating an additional level of security and transparency in the donation process ".
Help: the Tech platform allows digitizing and providing assistance, remittances, donations and health care through blockchain technology in a completely transparent way, helping governments and businesses to address some of the most rooted issues in their fields.
Founded in 2014 by Joseph Thompson and Niall Dennehy, Aid: Tech claims to be the first company in the world to provide international aid to Syrian refugees using blockchain technology. The company has recently signed a 1 million euro financing agreement with investors including SGInnovate and BlockAsset Ventures.
The chief operations officer, Dennehy, will speak at Inspirefest 2019.
"Having an organization like the Irish Red Cross as the first to use our TraceDonate app is not just a vote of confidence for Aid: Tech, but for the mainstream use of blockchain technology," said Grace Ma , director of Aid product development: Tech.
"From the initial contribution to the final use, TraceDonate will benefit individual donors, beneficiaries, organizations, NGOs and charitable organizations".
Inspirefest is the international event of Silicon Republic that celebrates the point where science, technology and art collide. Tickets for Inspirefest 2019 are available now.
