[2016-12-13] GiveTrack offers confidence in charites

[newsatbravenewcoin]

BitGive recently announced a new tool that allows everyone to see exactly where charitable funds go, and the impact they have. Called GiveTrack, the new service will use blockchain technology to allow donors and the public to trace transactions on a public platform in real time.

http://bravenewcoin.com/news/givetrack-offers-confidence-in-charites/

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[Factmine]

A blockchain for charity. This I have to see! The problem here is that even if we know where it went we won't know how it was spent. There is no point in knowing where your money went to if the people in the charity are fraudulent individuals or some members take away the money deposited to them. So the fact still remains is that charities will still be a scammy looking institution no matter what. Well, this attempt may lessen scams in charities by a fraction but no totally eradicate the scams.