GigaGiving

Giga Giving believes that the solution to addressing inefficient charities and fraud is to build a completely transparent system that is purpose built to deliver donations where intended, with minimal transaction costs.

Giga Giving Vision
Every day millions of people make donations to charities across the globe. However, charities provide very little insight into where the donation is going, and how much of it gets applied. Unfortunately, charity fraud is an ever-growing concern with 1 in 3 people in the U.S. alone expressing distrust of how their donation is used.

Altruism, philanthropy and benevolence are all used to describe the fundamental desire in most people to have an impact and help others. Harnessing this basic inclination requires a strategy that weaves the individual, the employer, merchants, charitable organizations and fundraisers together in a new more efficient solution to address the rising tide of need in the world.

Giga Giving has an ambitious and holistic vision that uses blockchain technology to provide a platform that revolutionizes charitable giving.

Giga Giving is building a platform which will provide a new way to make donations, conduct charitable campaigns and fundraisers, all in a completely transparent and publicly accountable way; but more than that, it’s also a new way to connect people and their donations to those who need them with fewer transactions, less cost, and less complexity. Giga Giving is founded on the idea that charitable giving shouldn’t be opaque, or hard to understand. Our goal is to change how charities work around the world, by giving people complete insight into how their donation is used, and how it benefits others – while improving the efficiency of managing a charitable program through modern technology.

This platform will provide charitable organizations the necessary infrastructure to move into the future.

Why
With Blockchain technologies experiencing tremendous growth worldwide, there are many organizations that are trying to leverage this new concept in a way to help charities. The difference between Giga Giving and these other organizations, is that Giga Giving provides a start to finish platform to connect donors to recipients, with complete transparency, and accountability.

While Blockchain provides a public and tamper resistant ledger of donations, Giga Giving takes it a step further and helps donors search for recipients that meet their criteria and performance expectations. We help businesses meet their goals for social responsibility by empowering employees to contribute to charitable organizations through employee based programs. We allow direct peer to peer donations and provide a process for emergency disaster relief. Giga Giving facilitates donations that remain local with support for intangible assets such as goods and services.

We enhance the donor experience by allowing prospective donors to search for recipients and charities based on validated information, transparency, and history of impact. Giga Giving makes it possible for individuals and businesses to select specific charities to donate to, or set a criteria and preferences for their contributions which may allow the system to automate selecting or recommending recipients based on need.

Digital currency is a very elegant way to send money overseas or across traditional borders, making it a great way to donate while reducing transaction costs and fees. Many charitable organizations are working to leverage the Blockchain for cross- border donations. Giga Giving believes that redefining charitable giving requires a robust and forward thinking toolset to realize the full potential of a highly efficient, global, transparent, intelligent platform connecting donors to recipients.

Giga Giving believes that the solution to addressing inefficient charities and fraud is to build a completely transparent system that is purpose built to deliver donations where intended, with minimal transaction costs. With modern Blockchain technologies, that is finally possible on a global scale.

One of the key developments of modern Blockchains is the ability to define Smart Contracts. Smart Contracts serve to create an immutable and publicly verifiable electronic contract, which lays out very specific rules for how donations are handled. For example, you can design a Smart Contract that designates a donation recipient, what currency they need, how much they need, and a timeline for fulfilment. Then individuals can contribute into the contract, and once it meets the criteria for fulfilment, the funds are disbursed – directly to the intended recipient(s).

And if it takes too long to reach the goal, or the recipient fails due-diligence, the donations can easily be returned to the contributors.
Smart Contracts are publicly viewable agreements, so anyone can review the contracts, and perform full diligence on them. They also make it easy to follow the progress of a donation to see who received it, and when. And yet another benefit of using Smart Contracts for a contribution is that they provide an electronic receipt for your donations, so if you need a record of your donations or just want to view your donation history, you can right from your smartphone or computer.

Giga Giving also provides a place where companies can agree to provide goods to fulfil a donation contract. This allows local companies the chance to invest in their own community and reduces waste related to transport and conversions.