Airbus’ A3 Launch Blockchain Donation Platform Amidst Growing Crypto Trend

Airbus’ A3 Launch Blockchain Donation Platform Amidst Growing Crypto Trend 1

The research and development arm of Airbus, A3, has launched a blockchain donation platform, called Heritage, that allows charities to better track and understand their fundraising efforts and operational efficiency.The new Heritage platform will be based on the Ethereum blockchain and will provide a robust and thorough framework that allows charities to accept and track donations, removing the middle-man and reducing waste and fraud by tracking every dollar donated to the charity.Donations will be sent directly to a cryptocurrency wallet, owned and controlled by the charity or foundation, and the funds can be easily converted to fiat currency to pay for day-to-day operational costs.Airbus describes the new blockchain-based platform on their website, saying:“It consists of a collection of Ethereum smart contracts, a Web3 JavaScript library and developer tool, and decentralized Application (dApp) for managing and interacting with blockchain-based donations and donors. The charitable branch of Airbus, the Airbus Foundation, will integrate Heritage with an internal fundraising platform to commemorate the foundation’s 10th anniversary.”The product was announced when the Airbus Foundation celebrated its 10th year anniversary last month. During the celebratory event, the foundation discussed their recent accomplishments, noting their role in multiple aviation-related charitable acts. Airbus noted that:“Coordinated 66 flights to transport over 864 tonnes of essential aid and medical and humanitarian personnel and funded 418 helicopter hours over 20 emergency missions. In addition, more than 700 people have been trained for emergency helicopter rescue missions.”The foundation also notes that as a result of their accomplishments, they would be implementing the Heritage platform into their own foundation, saying:“Heritage will provide Airbus Foundation with a decentralized application to accept and manage donations for itself and its charitable partners from cryptocurrencies on the Ethereum blockchain. And in the spirit of the Airbus Foundation’s commitment to bringing together people and products to inspire the next generation, we will open source the blockchain portion of our work.”The Heritage team is also working with other projects in order to provide a seamless offramp for charities to convert their cryptocurrency into fiat and transfer that fiat to their bank account. A3 is currently working with Maker to incorporate a cryptocurrency stable coin – called Dai – into the platform.Blockchain and Cryptocurrency Popular Donation MethodThe Heritage project comes as many companies and charitable foundations are beginning to accept cryptocurrencies as donations, including Fidelity Charitable, the foundation of Fidelity Investments, who first began accepting cryptocurrency donations in 2015. Last year however, the foundation saw a significant rise in crypto donations, rising 10 times from previous years.In 2017, Fidelity Charitable received $69 million worth of cryptocurrency donations, which came as a great surprise to the company. At a recent event, Fidelity’s CEO spoke about the rise in Bitcoin and crypto donations, saying that it was “a surprising hit,” and adding that:“It worked out because there were so many people, newly incredibly wealthy through Bitcoin, who were looking to become philanthropists. We made it really easy for them.”Platforms like Heritage will only increase the popularity of charities accepting cryptocurrencies as donations.Featured image from Shutterstock.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 66,943.00
ethereum
Ethereum (ETH) $ 4,108.73
binance-coin
Binance Coin (BNB) $ 502.82
cardano
Cardano (ADA) $ 2.21
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 1.15
solana
Solana (SOL) $ 169.51
polkadot
Polkadot (DOT) $ 44.72
dogecoin
Dogecoin (DOGE) $ 0.252357
usd-coin
USD Coin (USDC) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 66,943.00
ethereumEthereum (ETH)
$ 4,108.73
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 644.64
litecoinLitecoin (LTC)
$ 204.56
bitcoinBitcoin (BTC)
57.736,66
ethereumEthereum (ETH)
3.543,68
tetherTether (USDT)
0,862475
bitcoin-cashBitcoin Cash (BCH)
555,99
litecoinLitecoin (LTC)
176,43
bitcoinBitcoin (BTC)
48,696.68
ethereumEthereum (ETH)
2,988.83
tetherTether (USDT)
0.727435
bitcoin-cashBitcoin Cash (BCH)
468.93
litecoinLitecoin (LTC)
148.80

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021

Blockchain/Cryptocurrency Questions and Answers

ICo Presale
The Science Behind ICO Presales…
October 14, 2021
Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin66,650 0.55 % 6.07 % 18.31 %
Ethereum4,099.4 0.68 % 7.91 % 17.19 %
Binance Coin504.87 0.76 % 3.89 % 14.65 %
Cardano2.200 0.15 % 3.47 % 3.70 %
Tether0.9986 0.03 % 0.08 % 0.23 %
XRP1.150 0.22 % 5.78 % 4.07 %
Solana172.23 1.37 % 10.51 % 13.31 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2530 0.29 % 3.40 % 11.78 %
USD Coin1.000 0.14 % 0.20 % 0.17 %

bitcoin
Bitcoin (BTC) $ 66,943.00
ethereum
Ethereum (ETH) $ 4,108.73
binance-coin
Binance Coin (BNB) $ 502.82
cardano
Cardano (ADA) $ 2.21
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 1.15
solana
Solana (SOL) $ 169.51
polkadot
Polkadot (DOT) $ 44.72
dogecoin
Dogecoin (DOGE) $ 0.252357
usd-coin
USD Coin (USDC) $ 1.00