#blockchain poised to topple exploitative and ineffectual #charity organizations
▻https://hackernoon.com/blockchain-poised-to-topple-exploitative-and-ineffectual-charity-organiz
Source: Richard CorfieldIf attempting to ‘disrupt’ charitable organizations sounds ethically questionable, there’s a considerable amount of evidence to suggest it shouldn’t. Modern charities are famously ineffective at best, and opportunistic and predatory at worst. Unsurprisingly, projects have emerged to utilize public blockchains to do just that — replace modern charities and bring gains by way of both transparency and effectiveness. This article will compare two models by which an individual can contribute to international aid: via traditional donation models and charity models utilizing blockchains.Option 1: Sign up for a direct debit order with a charitable organizationLet’s take a very common method of charity fundraising in Europe and elsewhere: signing up with a street fundraiser for (...)