Challenges faced by charities

GDPR/regulatory compliance
GDPR/regulatory compliance

Far-reaching regulations like GDPR, PDPA, and others impact data storage and processing across sometimes-archaic systems, requiring new structures, tools, and procedures.

Cybercrime
Cybercrime

Philanthropy Impact found that 63% of charities were concerned about the risk of cyberattacks, which could disrupt their service delivery and expose contributor and service user data.

Donor anonymity difficulties
Donor anonymity difficulties

Some donors wish to remain anonymous for a variety of reasons. However, there is currently no mechanism to facilitate this.

Reputational risk
Reputational risk

With recent scandals at high-profile charities, thousands of agreements were canceled. Errors and misdeeds by charity individuals can affect the reputation of the charity and even the sector.

Lack of trust and confidence
Lack of trust and confidence

Donors require proof that their gifts are spent as promised and wisely. Suspicious of admin costs and executive pay, charity donors seek to ensure their money goes to help those in need.

Inefficient cross-border giving
Inefficient cross-border giving

Donations and charitable giving that cross national borders can be subject to sometimes-arbitrary delay, fees, and other obstructions, decreasing efficacy and trust.

Challenging donation targeting
Challenging donation targeting

Charities operate in vulnerable, sometimes-lawless, or ill-regulated situations. How do they ensure that their donors’ efforts aren’t wasted, and aid reaches those who need it most?

Employer liability issues
Employer liability issues

Legislation covering obligations to employees encompasses volunteers and paid staff. Charities struggle to manage employer liability responsibilities and might face severe fines as a result.

Administrative<br> and fundraising costs
Administrative
and fundraising costs

Forbs states that non-core work consumes 89% of the average real estate agent’s working day. Admin costs grow rapidly, while growing record-keeping and auditability requirements are difficult

Discuss a project

Tell us about your future blockchain charity project, and we will get back to you shortly with a free consultation.

Get expert advice

Blockchain solutions for charity from Aetsoft

Automated administration

Automate administrative and charitable giving processes, making data entry and retrieval rapid, secure, and low-cost.

Accurate aid targeting

Target donations to populations or individuals with verified identities; share this information with donors where appropriate, demonstrating the value of their gift

Accountability in the organization

Know who moved funds, documents, or other assets, with actions recorded, auditable, and tied to verified identities.

Secure data storage and transfer

Protect storage and transfer on-chain by cryptographic encryption, making data safely accessible only through verifiable and traceable digital identities.

Regulatory compliance

Get transparent audit trails and cryptographically protected records and documents to demonstrate compliance with data regulations quickly and easily.

Anonymous giving

According to Life Science, anonymous donors tend to make larger gifts, and with blockchain, they can donate in complete privacy via digital wallets.

Self-maintained employee management

Manage employer liability, internal processes, and onboarding flows with self-executing smart contracts to meet the right conditions before registering new hires or volunteers.

Low-cost cross-border donations

Make cross-border donations on-chain in a variety of digital assets to demonstrate tax and regulatory compliance and move funds rapidly across national borders.

Blockchain applications in charity

Admin costs

Use case 1. Lowered administration costs

Currently

Marketing and fundraising expenses have a significant part in donations, making those more expensive than they could be for donors.

With blockchain

Provide a universal database where donors and recipients could meet, blockchain-powered, intermediary-free, low-cost, and cryptographically secure.

improve processes with Blockchain
Remittances

Use case 2. Cost-effective remittances

Currently

Cross-border giving is volatile in terms of expenses; the final cost of a donation deal depends on fees conditioned by the regulatory environment of a corresponding country.

With blockchain

Thanks to its distributed nature, blockchain has no geographical borders and isn’t tied to any region, meaning that you can donate funds overseas without extra fees.

improve processes with Blockchain
Donations

Use case 3. Secure donations

Currently

Traditional giving processes between donors and recipients are fraud-susceptible; donations might go to the wrong hands or end up for the wrong cause.

With blockchain

Perform transactions through blockchain-powered digital wallets to prevent fund theft and trace the donation path to end recipients.

improve processes with Blockchain

Explore our solutions for:

IoT
Supply chain
Healthcare
Real estate
Agriculture
Advertising
Automotive
Logistics
Legal
Insurance
Cannabis
Fintech
Education
Cybersecurity
Crowdfunding
HR
Retail
Charity
Pharma
Travel
Energy
KYC
Loyalty programs
Voting systems

Have a project idea? Schedule a call with us!

Shoot us an email with your request, and we will contact you within one business day.