The technology underpinning the bitcoin digital currency could revolutionise the way in which charities operate by cutting transaction costs and ensuring more money goes to worthwhile causes, according to the Charities Aid Foundation.
Greater transparency provided by the “blockchain” technology — effectively a public ledger managed by a third party — would allow donors to track more effectively how their money was being spent, a CAF report found.
http://www.ft.com/cms/s/0/cf6644e8-a33f-11e5-bc70-7ff6d4fd203a.html
