# Joint blockchain venture to make charitable giving more transparent

- Link: https://fundraising.co.uk/2018/08/07/joint-blockchain-venture-make-charitable-giving-transparent/
- Published: 2018-08-07T10:47:56+01:00
- Author: Melanie May

**TODA.Network and Exponential Inc (XPO²) have joined forces in a venture aimed 
at making charitable giving more transparent and eliminating leakage of funds.**

 

[TODA.Network](https://www.toda.network/) supports companies built on the TODA protocol(
On TODA or OT), while [XPO²](https://xpo2.org/) is a cause-related marketing platform
that links donors with small to mid-sized NGOs and charities around the world.

## Advertisement

 

Together, the two have launched joint venture [Donations.OT](https://www.toda.network/donations-ot),
through which they are aiming to enable greater transparency between charities and
donors while also reducing the amount of money lost through leakage. Using the TODA
protocol, Donations.OT will provide a white label product for donations platforms
and NGOs that will be customisable to each organisation’s branding and give them
the ability to ensure that the funds collected from donors reach their intended 
destination.

 

Saul Bowden, Co-Founder of Donations.OT, said:

 

> “Donations.OT will help to ensure that there is more transparency in the nonprofit
> sector, so that it will be clear where money is being spent. By bringing accountability
> to these organisations at a granular level we believe that more people will be
> encouraged to participate in projects. Further, by offering a white label solution
> we can enable more NGOs and charitable organisations to offer this kind of transparency
> to their donor bases seamlessly.”

 

He added:

 

> “TODA protocol is the only fully-decentralized, distributed blockchain that is
> able to scale to billions of users, handle millions of transactions per second
> and costs just 0.1% per transaction, meaning that wealth remains in that economy
> and not sent to power miners, cloud, databases, insurance, servers or anyone outside
> of that intended market.”

 

The Donations.OT team plans to begin implementation with NGOs in Kenya based on 
the team’s previous work in the region, into other geographic areas.

![Loading](https://fundraising.co.uk/wp-content/plugins/page-views-count/ajax-loader-
2x.gif)