How the Blockchain Adds Transparency, Eliminates Fraud in Cause-Based Content

Performers now share much of their charity content online.

Now a new charity streaming service, Utopi, plans on bringing cause-based content into the blockchain era.

Charities exemplify some of humanity's best characteristics, but the nonprofit world also suffers from fraud.

Musician Wyclef Jean's charity Yéle Haiti eventually collapsed after allegedly misspending funds, including Jean paying himself $100,000 to perform at a charity concert.

Charity fraud damages the entire public's trust in philanthropy, which in turn drives down donations even for highly efficient and effective nonprofits.

"Our consultation revealed that, while people have great trust in charities, they demand a lot in return: good governance, sound management and absolute probity. The Commission has taken that message on board, and my advice to charities would be: do the same. Think of your relationship with the public as a contract in good faith, not as a relationship of unconditional love".

Utopi's blockchain tokens operate on the same principle, but for charity donations.

Giving to a charity concert can sometimes feel like giving to a mysterious black box; money goes in, and some amount of actual charity work comes out the other side, but the process in the middle is obscure.

Utopi's model uses blockchain to create a clear path from a donation on one end, to support a charity on the other, while providing fans with exclusive high-quality content.

With fraud-fighting blockchain, performers of any stripe will have a tool for a charity performance, and donors can be assured their funds won't be wasted.