The rise of donating via online fundraising platforms has proven to be a brilliant and empowering way for people to give, but it also raises fundamental questions about the role and the need for the third sector(Charities, NGOs, e.t.c). Other challenges include, having sufficient resources to compete; not being trusted by givers; and lacking adequate level of transparency.
This prompts the need for re-assessment of fundraising mechanisms so as to prevent grant funds from drying up, and appropriately address donor preferences and uncertainties.
The Xend Network is addressing these issues with inherit Blockchain's features such as Public Key Cryptography, Smart Contracts, High transparency and Provenance capabilities.
The Xend Network is a blockchain powered peer-to-peer fundraising and management platform for nonprofits, foundations, and other forms of charitable giving.
Xend is been developed to be governed by cosigned smart contracts between donor, grant makers and beneficiary and will be settled using Bitcoins or Xend's steller based token.
Visit http://www.xendcoin.com/
