The exceptional properties of cryptocurrency blockchain can be used in a variety of industry sectors. The use of distributed ledger technology in the non-profit sector has been of interest to many, as these organizations can benefit a lot from the speed, security, and transparency offered by Bitcoinâs underlying mechanism.
A group of humanitarian agencies in the United Kingdom have come together and decided to adopt the technology for a greater good. These organizations, about 42 in number are part of Britainâs Start Network. They have forged a collaboration with Disberse, a social enterprise that uses blockchain technology to adopt cryptocurrency technology into their operations. The organizations that are currently involved in the initiative include the likes of Oxfam, Care International, and Save the Children.
The director of Start Network, Sean Lowrie mentioned the importance of their collaboration with Disberse and the implications of blockchain technology on their mission in one of the leading news publications. Lowrie was quoted saying,
â This exciting partnership could lead to the transformation needed in the way money flows through the humanitarian systemâ¦ It could catalyze a new way of working. One that is transparent, fast and which drives accountability to taxpayers and those affected by crises.â
Disberse, in partnership with Start Network, will be offering a way for the participating organizations to raise and manage funds effectively without losing out on hefty banking fees, poor exchange rates, and currency fluctuations. The features will come in handy, especially when the organizations are working across geographical borders, as cross border fund transfer using conventional means comes with high transaction costs.
The implementation of Disberse platformâs solutions is expected to happen in a phased manner, starting with a series of small disbursements within Start Networkâs existing programs. The use of blockchain technology will also introduce the much-needed transparency in the segment, which is fraught with fraud and corruption.
CBOE Saw Its Highest-Ever Bitcoin Futures Volumes Yesterday
Two major markets for bitcoin futures contracts saw a major boost in volume on Wednesday.
Available market data shows that CBOE saw its highest-ever volume for bitcoin futures since it first debute
Former Paypal CEO says investors are drinking the bitcoin 'Kool-Aid'
Former head of online payments giant Paypal is bullish on the future of digital money but maintains that bitcoin is a scam. "Everyone is drinking the Kool-Aid," Bill Harris, former Paypal, CEO
OmiseGo Hits Two-Month High Amid Exchange Listings
OmiseGo's OMG token is reporting double-digit gains today, figures that throw shade on the rest of the top 25 cryptocurrencies by market valuation.
Having clocked a two-month high of $20.67 earlier
More Than $140 Million in Bitcoin Moved from Mt Gox Wallets
16,000 bitcoins (an amount worth about $141 million) tied to the now-defunct bitcoin exchange Mt Gox were moved on Thursday.
According to CryptoGround, which monitors Mt Gox's remaining wallets, th
Crypto Mining Made Up 10% of AMD's Revenue in Q1
Cryptocurrency mining demand accounted for as much as 10% of AMD's first-quarter revenue this year, according to the chip maker.
"The strength in Radeon products was driven by both gaming and block
Romania's Oldest Bitcoin Exchange Is Shutting Down Next Week
Romania's BTCxChange announced it was closing its platform earlier this week.
In a notice dated April 22, the nation's oldest cryptocurrency exchange told its customers to withdraw all of their rem
Ripple Says Sales of XRP Cryptocurrency Rose 83% In Q1
Ripple reported Wednesday that sales of its cryptocurrency XRP totaled $167.7 million in the first three months of 2018, an increase of 83% compared to the previous quarter and of 2,400% compared to t
There are now 17 million bitcoins in existence — only 4 million left to 'mine'
More than 80 percent of the bitcoins that will ever exist have now been created. The 17 millionth bitcoin was "mined" Thursday, according to data from Blockchain.info, more than a year since the