Trust in charities is falling every year
Populus consultancy and the Charity Commission for England and Wales have prepared the big report “Trust in Charities, 2018”. More than 2000 donors took part in the survey. The W12 team reviewed this research in details and highlighted the main things.
W12 platform is crushing the barrier of donors’ distrust. Our team develops for each launched crowdfunding campaign a decentralized autonomous organization (DAO) that will transparently, algorithmically, honestly manage fundraising and fund spending. DAO consists of three main components:
● Smart contract concluded by the parties. It accepts donations from donors (credit cards, electronic money, cryptocurrency, SMS, etc.) and transfers tokens instead. Its functions also include depositing collected funds, ensuring control over the implementation of the stages of the roadmap, transferring installments for performing another milestone, returning the unspent funds if the project failed or was fraudulent.
● Public distributed ledger where all participants can track the movement of funds in real time. Receipts, checks, contracts and other documents are also loaded here.
Placement on our site is a guarantee of the honest of the fundraiser.