Freewill, a Japanese IT firm, has launched what it calls Spin: a blockchain-based crowdfunding platform that reaches the entire planet.
This technology offers “complete transparency of a project’s donation and transaction chain, from anywhere in the world,” a press release notes.
Spin considers itself to be a more unique crowdfunding platform than most of the ones out there. As of now, it supports three projects: The One Love Project which plans to assist families affected by COVID-19, a charity that supports disabled children in Ukraine, and another project that plans to help Asian elephants in Thailand.
Myroslav Basarab, a project manager at consulting firm ELEKS, said:
“The world is evolving rapidly, and not always for the better. The modern challenges we face — COVID-19, large-scale ecological destruction and ever more frequent natural disasters — have many people wondering how we can make the world a better place. The problem is getting the urgent messages out there and giving the wider population the tools to act instantaneously. Freewill and￼ ELEKS will enable society to address the pressing issues, creatively and globally, by combining the seemingly incompatible: Eastern traditionalism and Western entrepreneurship, charity and technology. Spin will get help to those who need it, without the fear of funds being used underhandedly.”