Blockchain has plenty of real-world applications. Some of the industries benefiting from the power of blockchain include gaming, ticketing, real estate and even charities.

Charities stand to benefit from blockchain because of the challenges that they experience over their work flow. From the initial donation to the final recipient, conventional charity channels have less than desirable transparency and accountability.

Blockchain has the potential to solve several of these challenges. Some non-profit organizations are already catching on.

This article will list the top five charitable organizations that are using blockchain to streamline operations.

Binance Charity

Binance’s primary business is a centralized exchange market, but they have taken an interest in charity. Binance Charity is the arm that caters to charitable projects. It has projects that help provide food in Africa, better living conditions for refugees, improved education in developing countries and assistance for disaster relief.

This charity allows donors to choose what causes they want to support and to have a clear view of how their donations are distributed. This gives donors the ability to see the impact that they are making.

If donors do not want to choose, they can deposit their donation into the Binance Charity wallet, which decides where to allocate their donations.

BitGive

This is the OG of blockchain charities. Since 2013, BitGive has used blockchain technology to crowdfund charitable projects. The benefits donors enjoy through this platform include low transaction costs, a faster donation process and transparency.

Aside from the transparency about contributions, donors get to see the results of their donations in real-time.

This non-profit has been able to raise 12 BTC for the Chandolo Primary School Water Project in Kenya. The funds were used to construct a tank to catch rainwater, build latrines and to provide training for locals.

Alice

Smart contracts are a major tool on Alice’s platform. A smart contract has pre-set conditions and objectives that must be fulfilled before donations are distributed.

Once a milestone is reached, donations are sent to their recipients. If the milestones are not met, the donor can ask for a donation refund.

The advantage of using this platform is that it incentivizes charities to become more accountable. Since donation data is visible to donors, charities are more efficient in distributing donations in order to ensure that they can continue receiving donations.

The World Food Programme

The WFP is one of the oldest nonprofits in the world. It’s goal is to end world hunger. The WFP has used blockchain to enable encrypted and secure transactions, eliminate middlemen, lower transaction costs and make contributions easier to make and access.

Through the “Building Blocks” blockchain solution, the WFP has enabled over 100,000 Jordanian refugees to access cash-for-food assistance.

AIDChain

Think about all the parties involved in the donation process and how beneficial it would be to meet in one place. AIDChain has created an ecosystem where donors, recipients, charities and service providers can interact with each other.

One of AIDChain’s unique selling points is that it allows charities to promote themselves and collect donations on their individual platforms. It even has a widget that charities can add to their website to receive donations.

This platform supports 23 of the most popular currencies, and has partnerships with exchange agencies Bitfinex and Bittrex. These exchange agencies allow donors to exchange their crypto for fiat.

Honorable Mention: Amply

Amply is a UNICEF-backed blockchain project that assists early childhood development (ECD) schools in South Africa. Their mobile app records data that is shared with the Department of Social Development.

The data is used to record and verify pre-school attendance which is then exchanged for subsidies from the government. This application was developed on the IXO blockchain protocol and has saved teachers almost 4,000 hours each month.

One to Watch! Mitama Mint!

Mitama Mint is an upcoming Japanese-based NFT project. What makes it stand out is that it is a donation DAO. What does that mean?

Mitama Mint uses smart contracts to provide donations to 7 charitable causes. These causes include: poverty alleviation, children’s foundations, the environment, art & culture and more. These NFTs have 7 different traits that contribute a percentage of proceeds from sales to a specific cause.

Additionally, holders have the opportunity to vote for charities that will receive proceeds from 1,000 traitless NFTs.

Holders of Mitama Mint NFTs will not only own a cool NFT, they will also contribute toward a real-world charitable cause using the blockchain.

Overall

More charities are seeing the benefits of using the blockchain to streamline the donation process. They can enjoy greater transparency, lower transaction costs and greater accountability. All of this leads to greater efficiency in the use of donations.

Implementing blockchain technology is a win-win for charities and it will continue to see increased adoption in the future.