Binance Blockchain Charity Foundation (Bcf)
| Binance Blockchain Charity Foundation (BCF) is a decentralized platform that enables people to donate money to charities in a more efficient and transparent way. The Foundation was established in July 2017 by Binance, the world’s largest cryptocurrency exchange, and its CEO, Changpeng Zhao. BCF’s mission is to use blockchain technology to promote transparency and accountability in the charitable sector, and to help reduce poverty and inequality around the world. Since its launch, BCF has partnered with a number of leading charities and NGOs, including UNICEF, the United Nations World Food Programme, and the Red Cross. To date, the Foundation has raised over $4 million for its partner charities. BCF’s flagship project is the ‘Binance Charity Wallet’, a blockchain-based donation platform that allows donors to track where their money goes and see how it is being used. The Wallet has been used to donate to a number of causes, including relief efforts for the 2018 hurricanes in the Caribbean, the 2018 earthquakes in Indonesia, and the 2019 floods in India. In the future, BCF plans to launch a number of other initiatives to help reduce poverty and inequality around the world. These include a ‘Binance Academy’ to provide educational resources on blockchain and cryptocurrency, and a ‘Binance Charity Fund’ to support innovative projects that use blockchain to tackle social and environmental issues. With its innovative use of blockchain technology, Binance Blockchain Charity Foundation is leading the way in making charitable donations more efficient and transparent. We can all be proud to support such a worthy cause. |
Share this glosssary
