BitGive Releases Beta Blockchain-Based Donation Platform GiveTrackbr>
Non-profit organization BitGive has released the beta vesion of GiveTrack, a blockchain-based donation platform. GiveTrack was unveiled through a demonstration at the Money20/20 Conference in Las Vegas.
BitGive is the first bitcoin 501(c)(3) non-profit, giving it tax exemption status at the federal level in the United States. BitGive is bridging the gap between an innovative technology and its practical applications for non-profits and humanitarian work in the developing world. In 2015, BitGive announced its Bitcoin Charity 2.0 Initiative which includes a variety of projects aimed at leveraging bitcoin and blockchain technology to benefit charitable organizations worldwide.
GiveTrack is leveraging blockchain technology to offer donors the ability to transfer, track, and provide a permanent record of the route of global financial transactions from inception to endpoint. The platform also provides individual donors with direct evidence-based outcomes for their donations, empowering them to give more.
Initial backers of GiveTrack include the Walter and Karla Goldschmidt Foundation, Matthew Roszak (Bloq), Rodolfo Andragnes (Bitcoin Argentina), CoinFabrik, and Rocelo Lopes, among many others supporting BitGive’s mission.
“We are delighted to finally unveil a working version of GiveTrack to our community after months of hard work,” said BitGive founder Connie Gallippi. “Donors now have more opportunities to engage with BitGive’s core mission to leverage the power of bitcoin and blockchain technology to improve public health and the environment worldwide. By releasing GiveTrack, BitGive is utilizing the unique benefits these advanced technologies have to offer – like unparalleled transparency and security – to enhance and revolutionize the donation process. Furthermore, individuals can build more trust with charitable organizations by knowing how their funds are used to drive impact on the ground. In doing so, we hope to increase charitable giving to create a global movement towards philanthropy.”
GiveTrack will be piloting two new projects – Medic Mobile and The Water Project – aimed at bettering human health across the world.
Medic Mobile is a non-profit technology organization specializing in mHealth (mobile health). Health workers use Medic Mobile to register every pregnancy, track disease outbreaks faster, keep stock of essential medicines and communicate about emergencies. The organization is raising money for a project to monitor and facilitate timely treatment of malnourished children in Desa Ban, Bali.
The Water Project is rasing money to build a 50,000-liter rainwater catchment tank that will help alleviate the water crisis at Chandolo primary school in Kenya. Once finished, this tank can begin catching rainfall that will be used by the school’s students and staff.