Australia Gets First Blockchain Charity
When I opened my Probono Australia Newsletter this morning, the headline “Australia Gets First Blockchain Charity” really caught my attention. The article highlights the launch of Australia’s first charity built on blockchain. Tokens for Humanity is a result of the University of Queensland Accelerator Program and the initiative of 3 young innovative thinkers.
These young entrepreneurs have developed 2 fundraising channels that will allow direct cryptocurrency donations to charities (Tokens for Humanity) and support raffles (TokenSpin) at a much reduced cost compared to current methods.
“What we’re trying to do with the technology that we’ve developed, and that we are continuing to develop, is to show charities that adopting new technology into very traditional organisations, conservative organisations, is not something that they need to fear,” Co-Founder Frederick Brien said.
Tokens for Humanity is 1 of 2 initiatives adopting blockchain technology for social impact to arise from the accelerator program at Queensland University of Technology (QUT). The second is Alice. Alice is a network also built on the Ethereum blockchain. Alice aims to bring together social organisations, donors, grant-makers and impact investors to identify and scale effective social projects .
What could this mean for charities? The Australian Centre for Philanthropy and Nonprofit Studies will be hosting a webinar on Tuesday, July 10 on the topic of Blockchain technology, it’s application and how YOUR nonprofit organisation can benefit. This free online seminar will provide you with an overview of what Blockchain technology is; how it’s bringing innovation, transparency and a new and uncontested market to fundraising and; what YOUR nonprofit needs to know to implement and keep up-to-date with this fast moving technology.
The developers of both TokenSpin and Alice will be discussing how their organisations are using Blockchain technology to assist nonprofits to maximise their social funding – and how YOUR organisation can benefit also. Register Here to learn more about how Blockchain can maximise your social funding.Probono Australia