IBM And NGO Global Citizen Announce Contest For Blockchain Charity Platform

American multinational technology giant IBM has partnered with Global Citizen, an NGO dedicated to alleviating poverty, to sponsor a contest for a charity donation blockchain platform, a blog announcement states May 11. According to the statement from IBM, one challenge that faces philanthropic organizations is ensuring that donated funds are utilized in an effective and efficient manner, which is true to the mission of the organization.

IBM and Global Citizen’s contest aims to create an incentive for the creation of a blockchain platform that can be applied to tracking philanthropic commitments from their receipt to their eventual utilization. The contest “Challenge Accepted” asks contestants to build a three-member network on the IBM Blockchain Platform where cause-specific donations and fund transfers are made by a government, registered with aid organizations, and validated by Global Citizen.

Reference: https://cointelegraph.com/news/ibm-and-ngo-global-citizen-announce-contest-for-blockchain-charity-platform

Leave a Reply

Your email address will not be published. Required fields are marked *