Hey Amy, I heard something about charities using blockchain. What's that all about?
Hi Sam! Yes, some charities are starting to use blockchain. It's like a special computer system that can help them do their work better.
Cool! But how does it help charities? Don't they just need money to help people?
Well, blockchain can do more than just handle money. For example, it can help charities track donations really well.
Track donations? You mean like following where the money goes?
Exactly! With blockchain, charities can see where every dollar goes, from the moment someone gives it until it's used to help people.
Wow, that sounds useful. Are all charities using it now?
Not yet. A study found that only a small number of charities are using blockchain right now. But more are planning to use it soon.
Why aren't more charities using it if it's so good?
Good question! Many charities don't know much about blockchain yet. And some think it might be hard to use or expensive to set up.
Oh, I see. What else can blockchain do for charities?
Some charities found it helps them spend less money on boring office work. And some donors give more money because they trust the charity more when they use blockchain.
That's great! But I heard something about NFTs too. What are those?
NFTs are like special digital thank-you cards. Some charities tried giving them to donors, but it didn't work very well yet.
Sounds like there's still a lot to figure out. Will blockchain really help charities in the future?
Many people think it will. They're working on making blockchain easier for charities to use. And new companies are starting up just to help charities use blockchain.
That's exciting! Maybe one day, we'll use blockchain to help people too!
That's the spirit! Who knows, maybe you'll invent a new way for charities to use blockchain when you grow up!