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The Future of Philanthropy Lies in Blockchain Technology

Published 06/20/2020, 09:30 AM
Updated 06/20/2020, 11:00 AM
The Future of Philanthropy Lies in Blockchain Technology
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The past decade has produced an eruption in diverse giving channels and options for donating, changing the patterns of how people give. According to Blackbaud (NASDAQ:BLKB), online giving has shown steady increases, growing from 6.4% of all giving in 2013 to 8.5% in 2018. Hundreds of millions of dollars in cryptocurrencies have been donated as well, with notable donations including over $100 million to Fidelity Charitable, $29 million to DonorsChoose, $4 million to The Ellen Degeneres Wildlife Fund and many more.

From industry startups designing programs that make donating cryptocurrency easier, to charities being more receptive to actually taking those donations, there is a general consensus that the future of philanthropic cryptocurrency ventures is a bright one.

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