Extreme poverty is one of the most troubling social crisis’s facing humanity. According to the World Bank, 736 million people live in abject poverty conditions with limited access to their basic needs like food, water, shelter, and sanitation. To combat this global problem, millions of people every year make well-meaning contributions to various charitable organizations. Unfortunately, a shocking number of donations fail to reach their true beneficiaries. Due to the lack of transparency and availability to track their contributions, many have lost their faith in the effectiveness of relief organizations.
This is largely a technological issue. Commit Good has stepped up to provide solutions to this troubling global trend.
Commit Good is a U.S.-based charitable platform that uses blockchain to transform how both charities and governments function. Their goal is to improve efficiency and transparency within all humanitarian causes. The platform makes use of its $GOOD token to provide solutions to problems facing vulnerable communities in Earth’s poorest places.
Read more here:
https://medium.com/commitgoodofficial/solution-based-blockchain-how-commit-good-uses-cryptocurrency-to-fight-poverty-f27ce4e2ab5f
