Blockchain solutions company BlockShow is partnering with the token for charities AidCoin, in a move designed to strengthen the bond between charitable giving and blockchain.
The announcement was made by AidCoin’s co-founder, Federico Malvezzi, during a presentation in Las Vegas titled ‘Charity on Blockchain: The New Era of Giving’. Malvezzi spoke of the challenges involved in charitable giving, such as speed of transactions, the cost of transactions, low efficiency of funds management and opacity of the donations redistribution. AidCoin’s co-founder also noted the widespread lack of trust towards charitable organizations.
Making charitable giving smarter
Malvezzi believes such issues won’t occur when using “blockchain, cryptocurrency and smart contracts”, which will, according to AidCoin’s co-founder:
“Bring back transparency and efficiency to the charity sector.”
The first of its kind partnership will allow guests of BlockShow to process donations in cryptocurrencies to charitable causes in real-time.
In a press statement, Addy Crezee, CEO of BlockShow, spoke of the importance of bringing blockchain solutions to the charity sector.
“BlockShow has been bringing blockchain solutions to the world since 2016. Charity is a vital and important part of our society and implementing blockchain improves the process of giving a lot.”
Las Vegas becoming a cryptocurrency hub
This summer BlockShow Americas began in Las Vegas. The event, which involved more than 1500 attendees from more than 50 countries listened to 80 high-profile tech traders and journalists, was the first time the BlockShow was hosted in the United States.
Federico Malvezzi spoke of how BlockShow Americas helped AidCoin make new contacts and how Las Vegas is escalating into a real crypto hub.
“During BlockShow Americas we have established many new contacts and we are thinking about some new and interesting collaborations for the coming months. Las Vegas is certainly becoming, together with New York, one of the most interesting US cities in the field of crypto and blockchain!”
AidCoin partners with UTRUST
AidCoin is certainly serious about strengthening the bond between charitable giving and blockchain. In July this year, AidCoin formed an alliance with the blockchain-based payment platform UTRUST, to offer transparent crypto donations designed to enhance charitable giving.
Gabrielle Pickard-Whitehead is a freelance journalist and copywriter based in the Peak District, UK. Since 2006, Gabrielle has followed her passion for writing and has sculptured a rewarding career out of her love for the written word. Gabrielle thrives on creating compelling content related to current affairs, politics, financial news and the latest advancements in technology and innovation. Gabrielle is excited about having the chance to write about the constantly-evolving world of crytocurrency and enabling people to learn more about this rapidly-advancing digital asset.