First blockchain-based charitable giving platformb

Year 2017 is a big milestone in the cryptocurrency world. In this year, we have got a platform for charitable giving. Charitable work is going on throughout the world but to make it more transparent and trustworthy it is very much required to make the platform under such a clear and transparent system of blockchain.

Traditional charitable giving organisations have a lot of criticism behind their activity and transparency. People are basically discouraged for such kind of transparency level and refraining them to those charitable giving organisations. When these organisations are under the blockchain network then it is very much trustworthy and transparent. Those who are donating the money will get their confidence to trust on them.

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The 2017, Giveth of that kind of platform start their journey to make the opportunity for others to start a blockchain based data charitable giving organisation and the concept was introduced by this initiation. Giveth is the world's first blockchain-based charitable giving platform. This groundbreaking platform marked a significant step forward in revolutionizing the way charitable donations are tracked and managed. Ultimately transparency, accountability, and efficiency in the age of social impact has been developed with that Giveth was founded on the principles of decentralization, transparency and community collaboration.

It's main goal is to address several challenges that have historically plagued the charitable sector, such as lack of transparency in donation distribution. Giveth utilized the capabilities of blockchain technology to create a tamper-proof and auditable record of charitable donations and their utilization. The platform was built on the Ethereum blockchain. It was allowed for the creation of smart contracts, decentralized applications (dApps).

The launch of Giveth brought about several transformative effects like Transparency, Accountability, Direct peer to peer donations, Traceability of funds, Decentralized governance, global inclusion, Adoption, Utility, Usability, Smart Contract Audit etc.