Bitcoin Nonprofit BitGive Launches Donation Tracking Platform

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term nonprofit BitGive has announced the launch of a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based donation platform, GiveTrack. It offers the ability to transfer, track, and provide a permanent record of the end-to-end route of global transactions.

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“We are thrilled to announce the launch of GiveTrack, a game-changing technology for philanthropy. GiveTrack epitomizes BitGive’s mission to make use of innovative technologies that will improve philanthropic work while driving new donations. We are proud to have developed an effective tool that will aid in humanitarian efforts for causes around the world. This will create operational efficiencies and deepen the trust between charities and their donors,” said Connie Gallippi, founder of BitGive.

The developers explain that GiveTrack provides project status updates so donors can see their contributions in action. With the platform, anyone will be able to instantly trace the pathway of a charitable transaction, including the confirmation of delivery and the tracking of project results.

Dawn Newton, a director on BitGive’s Board of Directors and COO of Netki, said: “GiveTrack is an empowerment tool for nonprofits. Donors love to know the impact that their giving has created. It is an absolute motivation for people to give even more. However, donating has been known to be very time consuming and difficult for nonprofits to track. GiveTrack provides a solution by easily allowing nonprofits to onboard and use the system, while their donors can immediately see their giving at work.”

Alyse Killeen, a director on BitGive’s Board of Directors and Partner at StillMark Investment Fund, said: “The GiveTrack Platform will create incredible efficiencies in the nonprofit industry, allowing for the optimization of charitable dollars in service of all stakeholders – nonprofits, populations served, and donors – so that each donor dollar can have maximum impact. By empowering donors to track their charitable dollars, and allowing donors to own and manage their own trust in nonprofit organizations through direct and instant access to dollar flows, BitGive can catalyze an increase in total charitable dollars given each year.”