Romanian Startup Targets $400 Bln Charity Fundraising Market With New Platform

A Romanian startup has set out to build a specialized Blockchain-based fundraising platform for philanthropic organizations such as Unicef, Red Cross or Save The Children to improve speed and transparency of payments. GoHelpFund is harnessing Blockchain and smart contracts, both of which significantly enhance speed and security of payments when compared with older payment systems. It also plans to integrate artificial intelligence (AI) and machine learning capabilities to add innovative features. Its platform, along with the new HELP cryptocurrency, expects to open for business at the end of 2018. In 2016, Americans alone donated $390 bln to charitable causes, according to the Giving USA Foundation.