UK-based blockchain platform Alice (alice.si) has launched a new social tool that tracks donations. By donating on Alice, users can track whether thei
UK-based blockchain platform Alice (alice.si) has launched a new social tool that tracks donations. By donating on Alice, users can track whether their money is being used in the right way. This is possible thanks to blockchain technology, as alice.si wrote on their website.
Alice works by freezing donations until charities can demonstrate that they have fulfilled their social goals. In other words, users can donate to a charity project on the platform, but they can get their money back, if the donations haven`t arrived to its destination or are not making an impact.
The platform relies on smart contracts that are built on the Ethereum blockchain. Earlier this year, Alice reportedly raised more than $45,000 in seed funding within the frame of the Nominet Trusts` Social Tech Seed grant-making program.
The platform started a pilot project called London Street Impact: 15 Lives, St Mungo`s. The idea is to help 15 people who sleep on the streets to rebuild their lives.
“Our project is supporting 10 men and 5 women, aged between 22 and 55, who have been sleeping rough in Westminster, London, for a very long time. The stories of how they ended up on the streets are all different, but they’ve survived real trauma and now have poor physical or mental health and other complicated needs. We know they need a greater level of support to move away from the streets for good, which is why we’ve developed this project.”, as alice.si explained.
People who decide to donate will be able to track the impact their donations are making and check whether the goals have been met and when the charity has received the money. This is supposed to increase the transparency in the sector.
“A lot of non-profits are doing great work, but need easier, more immediate ways to feed their impact back to donors, and our tool is one way for them to do that.”, said Raphaël Mazet, CEO of Alice.si.
Since the platform was officially launched, they have had a lot of interest from big and small charities in the UK and abroad, as he added.